Yardeni QuickTakes (Page 15)

ECONOMIC WEEK AHEAD: June 23 - 27

Jun 23, 2025 3 min read paid

Layered on top of a still-developing trade war, President Donald Trump's attack on Iran puts markets in decidedly uncharted territory. Much will depend on how Iran responds to the attack. Trump said in Saturday's White House address, if Iran doesn’t "make peace" then "future attacks will be far greater and a lot easier." In addition, Trump's "Big Beautiful

Ed Yardeni
William Pesek

MARKET CALL: Trump Says Iran's Nuke Program Is 'Obliterated' . . . What's Next?

Jun 22, 2025 3 min read

On Saturday night, the US attacked Iran's three nuclear sites in Fordow, Natanz, and Isfahan. President Donald Trump announced this in a social media post at 7:50 p.m. EST. In a short speech at 10:00 p.m., he said that Iran’s key nuclear sites were "completely and fully obliterated" by the strikes. He noted that there are many more sites in Iran

Ed Yardeni

IN 11 CHARTS: Fed Remains On Hold, But Still Leans Towards Easing

Jun 19, 2025 5 min read paid

President Donald Trump has been calling on Fed Chair Jerome Powell to lower interest rates. The Fed chair has been the object of intensifying schoolyard jabs from the President. "We have a stupid person, frankly, at the Fed," Trump told reporters following the Fed's stand-pat decision on Wednesday. "Am I allowed to appoint myself at the Fed? I'd do a much better job

Ed Yardeni
William Pesek

"UNCONDITONAL SURRENDER"

Jun 17, 2025 3 min read paid

The stock market held up remarkably well today considering that President Donald Trump abruptly left the Group of Seven meeting in the Canadian Rockies this morning. On his way home, he warned Tehran's residents to get out of town immediately. He also warned Iranian leader Ayatollah Ali Khamenei that he is an "easy target" and "our patience is wearing thin." In a subsequent post,

Ed Yardeni
William Pesek

Stocks Up As Mullahs Ready To Talk, Again

Jun 16, 2025 3 min read paid

Stock prices rose this morning as oil prices fell a bit on news reports that the Mullahs want Israel to stop pounding them and are willing to resume nuclear talks with the US as long as the US doesn't start pounding them too. Israel has established air superiority over Iran by knocking out most of the country's air defense systems. Israel is now focusing on knocking

Ed Yardeni

ECONOMIC WEEK AHEAD: June 16–20

Jun 15, 2025 3 min read paid

The moment Fed watchers have waited for is finally here—albeit with less drama than many believed a few weeks back. As we've long said, the two-day June Federal Open Market Committee meeting (Tue-Wed) should come and go with the federal funds rate still in the 4.25%-4.50% range that it's been in since December. Even as headline inflation measures appear to moderate, the

Ed Yardeni
William Pesek

MARKET CALL: In The Middle Of The Middle East

Jun 15, 2025 3 min read paid

Israel is in the middle of the Middle East. Iran's Mullahs have been threatening Israel's existence since they overthrew the Shah of Iran in February 1979. There has been a covert war between the two since then. It turned more overt last year and escalated on Friday when Israel launched a preemptive strike targeting nuclear facilities (Natanz, Khondab, Fordow), military installations, and residences of senior officials

Ed Yardeni

Inflation Is Chilling Down While Middle East Is Heating Up

Jun 12, 2025 4 min read paid

May's PPI inflation report, released today, was lower than expected as was May's CPI inflation report yesterday. The PPI final demand for personal consumption edged down to 2.6% y/y in May, while the CPI rose only 2.4% during the month (chart). Both suggest that May's PCED inflation rate might have dropped to 2.0%, which would finally be down to the

Ed Yardeni

Stagflation’s Absence, Trump’s Deal-Making, Government’s Higher Debt

Jun 11, 2025 3 min read paid

The stock market didn't do much today. Neither did the bond market. But the price of a barrel of crude oil rose, and so did the price of an ounce of gold. President Donald Trump announced another deal with China. The US will allow Chinese students to continue attending American colleges, and China will continue to provide rare earth minerals to American manufacturers. Tariffs imposed on each country

Ed Yardeni

WEEKLY WEBCAST: Americans Are Still Working For A Living

Jun 11, 2025 1 min read paid

Over the past three and a half years, the US economy has defied the recession expectations of many, remaining uncommonly resilient in the face of stress tests including Fed tightening, an oil price spike, and most recently Trump’s Tariff Turmoil. The economy’s strength despite these formidable challenges supports our base-case Roaring 2020s scenario (to which we assign 75% odds) and our still bullish S&P 500 targets.

Ed Yardeni

Betting On Bullish Hard Data, Not Bearish Soft Data

Jun 10, 2025 2 min read paid

The “soft” economic data releases have been weak, while the “hard” data have been strong in recent months. The former includes surveys of consumers, small business owners, and purchasing managers. We've been betting on the resilience of the economy, as confirmed by the hard data. Stock investors seem to agree with our view. The purchasing managers indexes for both manufacturing (M-PMI) and non-manufacturing (NM-PMI) remained weak through May.

Ed Yardeni

Inflationary Expectations Decline In US As China Deflates

Jun 9, 2025 3 min read paid

In the hilarious comedy movie "What About Bob," Bill Murray, who plays Bob, tells his shrink "that there are two types of people in this world. Those who like Neil Diamond and those who don't." There also seem to be two types of respondents to surveys of inflationary expectations: like those included in the Consumer Sentiment Index (CSI) survey and those included in the

Ed Yardeni

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