Ed Yardeni

Retailers Getting Squeezed; Good News for Inflation Outlook?

May 18, 2022 1 min read

Today's 4.0% plunge in the S&P 500 was more of the same pain experienced by most of the 11 sectors of the S&P 500 so far this year.

Ed Yardeni

Bull/Bear Ratio Falling; Powell Talking Tough

May 18, 2022 2 min read paid

The Investors Intelligence Bull/Bear Ratio (BBR) dropped further below 1.00 during the May 17 week, to 0.65 from 0.68 the prior week.

Ed Yardeni

Don't Bet Against American Consumers

May 17, 2022 1 min read paid

How much pain at the pump can consumers take? The national retail price of a gallon of gasoline soared to $4.59 during the May 16 week.

Ed Yardeni

No Recession In These Numbers

May 17, 2022 2 min read

It has been a good day for the US economy.

Ed Yardeni

Dr Ed's Weekly Webinar 5/16/22

May 16, 2022 1 min read

After many years of ultra-easy monetary policy, the realization that it’s going away has frightened investors to a degree unprecedented this early in a tightening cycle.

Ed Yardeni

Inflation Boosting Tax Receipts

May 16, 2022 1 min read

It’s good to be the King! You can spend lots of money by printing it. If you still have a fiscal deficit, the resulting inflation can help to narrow it by boosting tax receipts. Here in the US:

Ed Yardeni

Friday the 13th Was A Lucky Day for S&P 500

May 15, 2022 1 min read paid

Friday the 13th was a lucky day for stock bulls. On Thursday, the S&P 500 was down 18.1% from its record high on January 3. It was on the edge of a bear market (defined as down 20%-plus from the most recent high).

Ed Yardeni

The Economic Week Ahead 5/16/22

May 15, 2022 1 min read

It is a big week ahead, promising to provide lots of insights into the strength/weakness of the US economy. Two Fed regional business surveys—for NY and Philly—will be released for May.

Ed Yardeni

DEEP DIVE: More on Inflation & Stocks

May 13, 2022 4 min read paid

Strategy I: 1987-Style Bear Market? I’ve recently been asked when was the last time we had a P/E-led bear market while earnings continued to increase. Note: The following is an excerpt from a recent YRI Morning Briefing. The obvious answer is 1987. Our monthly Blue Angels framework, which starts in late 1978, shows that the S&P 500 dropped 33.5% from August 25, 1987 through December

Ed Yardeni

Margin Calls Not Main Source of Selling Pressure

May 13, 2022 1 min read

Are margin calls exacerbating the stock market selloff? Probably, but margin debt is relatively small compared to the market capitalization of the Wilshire 5000.

Ed Yardeni

Market Is Up Despite Hawkish Powell Interview

May 13, 2022 2 min read paid

Can the stock market finally overcome bad news? Imagine if Fed Chair Jerome Powell pivots further to the hawkish, dark side and says that he cannot guarantee that the Fed’s monetary tightening won’t cause a recession.

Ed Yardeni

DEEP DIVE: Inflation Boosts Earnings & Depresses Valuation

May 12, 2022 3 min read paid

Over the past year, inflation has been having a positive impact on analysts’ consensus forecasts for earnings in 2022 and 2023 but a negative impact on the valuation multiple that investors are willing to pay for those earnings estimates. Needless to say, the former positive effect has been trumped by the latter negative effect. The negative impact reflects the jump in bond yields so far, concerns that bond yields will

Ed Yardeni

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