Brush

MARKET CALL: Game of Drones

Dec 15, 2024 3 min read

Look up in the sky. It's a bird. It's a plane. It's Superman! Nope, it's lots of drones flying over New Jersey, New York, and Maryland typically between 6 p.m. and 11 p.m. They are reportedly the size of an SUV, so they aren't likely to be owned by hobbyists. Some folks are getting panicky about all these

Ed Yardeni

Market Call: Nothing To Fear But Nothing To Fear, Again.

May 5, 2024 2 min read paid

Nothing to worry about? The geopolitical risk premium in the price of oil has dropped sharply since early April. The price of a barrel of Brent crude oil slipped to $82.96 from a recent peak of $91.17 on Friday, April 5 (chart). Stock market sentiment indicators have turned less bullish, which is bullish from a contrarian perspective. Last week's economic indicators were on the weak side.

Ed Yardeni

Market Call: Next Stop At 200-Day Moving Average?

Apr 21, 2024 3 min read paid

The S&P 500 is now down 5.5% from its March 28 record high. It dropped below its 50-day moving average (dma) last week (chart). Where might it find some technical support? It might do so around 4800, which would match the peak just before the previous bear market and put the index unchanged for the year so far. Below that level is the 200-dma, currently

Ed Yardeni

Market Call: The Winds Of War

Apr 14, 2024 2 min read paid

The S&P 500 is down 2.5% from its record high of 5254.35 on March 29 (chart). Its 1.5% drop on Friday was widely attributed to disappointing earnings reports from the big banks that day. Undoubtedly, the market also reacted to warnings from the White House that Iran would attack Israel within a couple of days, which happened Saturday afternoon EST. The S&P 500

Ed Yardeni

Market Call: Fed Choir All On Same Page

Mar 31, 2024 2 min read paid

Fed Chair Jerome Powell spoke on Friday at an event at the San Francisco Fed. He repeated what other Fed officials have been saying recently. Solid economic growth gives the Fed "the chance to just be a little more confident about inflation coming down before we take the important step of cutting rates." Inflation continues to moderate on a "sometimes bumpy" path. So there's

Ed Yardeni

Market Call: Dalio's Bubble Trouble Meter

Mar 3, 2024 3 min read

In a February 29 LinkedIn post, Ray Dalio wrote that his bubble gauge for the overall stock market is at a mid-range reading of 52 (chart). He concluded that the stock market "doesn't look very bubbly." His meter is based on six inputs that signal whether speculative activity is too widespread. So it is currently indicating rational exuberance rather than irrational exuberance, which typically fuels

Ed Yardeni

Market Call: Bull Market Gets No Respect

Feb 25, 2024 2 min read paid

Like comedian Rodney Dangerfield, the S&P 500 bull market gets no respect. Dangerfield often bemoaned that he got no respect. His jokes included, "I went to a freak show and they let me in for nothing." The S&P 500 is up 42.3% since the start of the bull market on October 12, 2022, yet its detractors continue to observe that it has been

Ed Yardeni

Market Call: Investing Is For Teenagers

Feb 18, 2024 2 min read

Contrary indicator alert! On Sunday, the WSJ posted an article titled "These Teenagers Know More About Investing Than You Do: Custodial investment accounts for minors have surged in popularity." According to the article, the kids are all buying technology stocks: "Brokerage executives say that technology behemoths that are ubiquitous in the lives of teens are often some of the most widely held shares." You have been

Ed Yardeni

Market Call: Meta's Universe

Feb 4, 2024 3 min read paid

Meta is leading the stock market to where it has never gone before, i.e., to new record highs. Its stock price rocketed 20.3% on Friday, adding $204.5 billion to its market value, the biggest one-day gain by any US company in history. Industry analysts scrambled to raise their earnings forecasts for the company following Thursday's after-the-close earnings call with management (chart). As

Ed Yardeni

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