Ed Yardeni

China: The World's Largest Nursing Home

Nov 27, 2023 2 min read

China’s economy is in a property-led and fertility-led depression. That’s bad news for China’s people and for the Chinese Communist Party (CCP) but benefits countries that import Chinese goods at depressed prices. China’s weak economy is good news for the US in particular, helping to moderate goods inflation without a recession here, a.k.a. "immaculate disinflation." It would be in China’s interest

Ed Yardeni

Market Call: Winning Streak For The Bulls

Nov 26, 2023 2 min read paid

We expect that the Santa Claus rally in stock prices that started on October 27 will continue over the rest of this year. It should be driven by the realization that inflation can and is moderating without a recession. That can only happen if productivity growth is making a comeback as we expect. China's economic woes are also an important source of "immaculate disinflation" for the

Ed Yardeni

DEEP DIVE: Disruptive Technologies - 3D Printing Gives Flexible Robotics a Hand

Nov 26, 2023 2 min read paid

A new method of 3-D printing can create flexible products, including for use in robotics. Human-like robotic hands and artificial organs can be built using this new method, according to researchers at ETH Zurich, a Swiss university; MIT; and Inkbit, a startup company spun out of MIT. Traditional 3-D inkjet printing uses a material that dries quickly and is then scraped to eliminate any imperfections before the next layer of

Ed Yardeni

The Economic Week Ahead: November 27 - December 1

Nov 26, 2023 2 min read paid

The BIG number of the week is likely to be October's personal consumption expenditures deflator (Thu). It should confirm the ongoing moderation in consumer price inflation shown by October's CPI and PPI reports (chart). The core PPI final demand for personal consumption was down to just 2.5% y/y in October. It does not include rent inflation, which is still high but heading lower. The

Ed Yardeni

Thanks!

Nov 22, 2023 2 min read

We wish you a great Thanksgiving Day tomorrow with your family and friends. We thank you for your interest in our research service. We are thankful that 2023 has turned out to be a better year than 2022, as we predicted. The S&P 500 is up 18.7% ytd following last year's decline of 19.4%. We will be thankful if 2024 is another good year

Ed Yardeni

Fed Not Even Thinking About Thinking About Cutting Rates

Nov 21, 2023 2 min read paid

That's the basic message of the FOMC's minutes released today. The word "restrictive" was mentioned seven times mostly in the following context: "In discussing the policy outlook, participants continued to judge that it was critical that the stance of monetary policy be kept sufficiently restrictive to return inflation to the Committee’s 2 percent objective over time." The core PCED was up

Ed Yardeni

S&P 500 Set To Vault To New Bull Market High

Nov 20, 2023 2 min read paid

The S&P 500 peaked this year on July 31 at 4588.96 (chart). It closed today at 4547.38, which just happens to be the resistance line connecting the July 31 high with the all-time high of 4796.56 on January 3, 2022. It could easily rise to this year's high, which is just shy of our 4600 year-end target by vaulting over the resistance line.

Ed Yardeni

The Economic Week Ahead: November 20-24

Nov 19, 2023 2 min read paid

Ed Yardeni

DEEP DIVE: In Yellen We Trust

Nov 17, 2023 2 min read paid

When Janet Yellen was Fed chair from October 2010 through February 2014, I often fondly (and respectfully) referred to her as the “Fairy Godmother of the Bull Market.” I noticed that almost every time she spoke publicly about the outlook for monetary policy and the economy, the stock market moved higher. She hasn’t been as bullish for the stock market since January 2021, when she became the secretary of

Ed Yardeni

A Whiff Of Deflation

Nov 16, 2023 2 min read paid

Ed Yardeni

Taking A Well-Deserved Break

Nov 15, 2023 2 min read paid

Today was a day of rest in the bond and stock markets. They didn't do much. Perhaps the markets will consolidate their gains since the start of the month through the end of Thanksgiving week. Then we expect that the stock market's Santa Claus rally will resume through the end of the year. In our opinion, the consensus outlook has turned much less pessimistic so far

Ed Yardeni

Dr Ed's Video Webcast 11/15/23

Nov 15, 2023 1 min read

The stock market has a good track record as a business-cycle indicator, even though last year’s bear market was a false alarm, as investors expected a recession that never came. Since that bear market ended, in October 2022, the stock market has been in a bull market, with its August-through-October weakness simply a correction. Now the Bond Vigilantes and their concerns have retreated, clearing the way for the S&

Ed Yardeni

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China: The World's Largest Nursing Home

Market Call: Winning Streak For The Bulls

DEEP DIVE: Disruptive Technologies - 3D Printing Gives Flexible Robotics a Hand

The Economic Week Ahead: November 27 - December 1

Thanks!

Fed Not Even Thinking About Thinking About Cutting Rates

S&P 500 Set To Vault To New Bull Market High

The Economic Week Ahead: November 20-24

DEEP DIVE: In Yellen We Trust

A Whiff Of Deflation

Taking A Well-Deserved Break

Dr Ed's Video Webcast 11/15/23