Ed Yardeni

AI Has Turned Technology Into An Even More Competitive Sport

Feb 3, 2026 3 min read

On December 7, 2025, we recommended market weighting rather than overweighting the Information Technology and Communication Services sectors of the S&P 500. Their combined share of the S&P 500 market capitalization has declined from a record 46.7% on November 5, 2025 to 43.9% on Monday (chart). That's even though their combined earnings share of the S&P 500 continued to rise

Ed Yardeni

Economy & Earnings Are Heating Up

Feb 2, 2026 4 min read paid

There's never a dull moment in our business these days. Events impacting the financial markets are happening so fast that we probably need to stop every now and then to update you on our latest forecasts. We are still targeting the S&P 500 at 7,700 by the end of this year and 10,000 by the end of the decade. The 10-year Treasury bond yield

Ed Yardeni

ECONOMIC WEEK AHEAD: February 2-6

Feb 1, 2026 3 min read

The week ahead has an anything-goes energy as a variety of key data and earnings reports vie for attention amid peak geopolitical intrigue. Last week left quite an impression on global markets. Trading in gold and silver went off the rails. "Dollar debasement" concerns competed with yen-intervention chatter. Donald Trump's White House kept everyone on their toes, hinting at military action in Iran and threatening new

William Pesek
Ed Yardeni

MARKET CALL: CME Margin Hike Triggers Hi-No Silver Away!

Jan 31, 2026 3 min read

"The Lone Ranger" started as a radio series in 1933. It subsequently ran as a TV series for 21 years until 1954. The premise of the show was that the last surviving Texas Ranger is nursed back to health by Potawatomi tribesman Tonto. The two ride together throughout the West on their horses Silver and Scout, doing good while living off a silver mine that provides them with

Ed Yardeni

Another Yo-Yo Day In The Markets

Jan 29, 2026 3 min read paid

In a recent press interaction in Iowa on Tuesday, President Trump made headlines by using the "yo-yo" metaphor to describe his perceived influence over the US dollar. When asked about the dollar's recent slump to a four-year low, he dismissed concerns, saying, "I could have it go up or go down like a yo-yo." The comments immediately rattled currency markets. The Bloomberg Dollar Spot

Ed Yardeni

Powell Says: ‘I Have Nothing On That For You’

Jan 28, 2026 2 min read

Fed Chair Jerome Powell didn't have much to say at his press conference today. He deflected several questions about the transition as his term as Fed chair ends on May 15. He refused to comment on President Donald Trump's potential pick to replace him or the President's public criticisms of his leadership. He declined to comment on the Department of Justice investigation into himself

Ed Yardeni

WEEKLY WEBCAST: In Praise Of Record Profits!

Jan 28, 2026 1 min read paid

A curiosity of the current US economy is its remarkable strength despite an affordability crisis. Average real consumption per household and real hourly earnings of production and nonsupervisory workers are at record highs, but plenty of people fall short of the average. When entrepreneurial capitalism is flourishing, Dr Ed explains, the wealthy benefit faster. … Entrepreneurism is flourishing currently, as record-high proprietors’ income and new-business applications attest. Yet it hasn’t

Ed Yardeni

Is Gold The New Bitcoin?

Jan 27, 2026 4 min read paid

Proponents of bitcoin have been calling it “digital gold.” Both the cryptocurrency and the precious metal are impossible to value because they don't pay any interest or dividends. Bitcoin is digital, making it potentially vulnerable someday to hacking by quantum-computing algorithms, while gold needs to be stored in a vault. Bitcoin's supply is limited, while the potential demand for it is from everyone on Earth. The

Ed Yardeni

Time To Sell America?

Jan 26, 2026 4 min read paid

The financial press was flooded with "American Exceptionalism" narratives throughout 2023 and 2024, and into early 2025. The April 15, 2024 cover story of The Economist was titled, "Riding High: The lessons of American exceptionalism." On May 25, 2024, the cover story of The Economist was "The almighty dollar." It focused on the dollar's enduring global dominance. The "Sell America"

Ed Yardeni

ECONOMIC WEEK AHEAD: January 26–30

Jan 25, 2026 3 min read paid

Ed Yardeni

MARKET CALL: Geopolitical Risk-On Trade Causing Metals Meltup

Jan 25, 2026 5 min read paid

We've been predicting a meltup in the price of gold since early last year. It has turned into a meltup in the prices of all precious metals, many base metals, and rare earth minerals. The metals meltup is driving up the stock prices of several emerging markets ETFs that have heavy weightings in metal industries. This is all happening because rising geopolitical tensions are driving a military arms

Ed Yardeni
David Yardeni

Too Much Good Economic News?

Jan 22, 2026 4 min read

Investors have decided that the Greenland issue will be resolved now that there is a framework for resolving it. So far this year, they seem to be looking for greener pastures, as evidenced by the broadening of the bull market in stocks. Booming economic activity has provided plenty of greener pastures. There was plenty of good economic news today that should continue to bolster earnings and stock prices. Nevertheless, a

Ed Yardeni

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