Stocks

Gold, Oil, Stocks & Bonds In The War

Mar 25, 2026 3 min read paid

President Donald Trump must believe that the war will be over soon. The White House announced today that he will meet with Chinese President Xi Jinping in Beijing on May 14 and 15. The Iranians responded to Trump's 15-point peace plan today with a list of five conditions, according to Press TV, including reparations, sovereignty over the Strait of Hormuz, and no more assassinations. Interestingly, they didn'

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

Is Something About To Blow Up In The Credit Markets?

Apr 8, 2025 3 min read

The S&P 500 is now down almost 19%. It closed at 4982.77 (chart). If it falls another 1.35% down to 4915.32, it will be in a bear market. The index was up sharply at the start of trading today, but closed down 1.6% during regular trading hours after the magnitude and imminence of the Trump administration’s tariffs on US imports hit home. After

Ed Yardeni

Foreigners Buying Lots Of US Dollars To Buy Lots Of US Stocks & Bonds

Jan 21, 2025 3 min read paid

The stock market rose today, buoyed by the fact that President Donald Trump didn't raise tariffs on Day #1 of his second term as was widely expected. Instead, he will be raising them on Canada and Mexico on Day #13 (February 1). That's what he said Monday evening. Stocks also got a boost when Trump announced today that Softbank, OpenAI, and Oracle are forming a $100

Ed Yardeni

Is It Too Late To Panic?

Dec 19, 2024 3 min read paid

Since the December 5 QuickTakes titled "Contrarian Indicators Showing Too Many Bulls," we've been warning that bullish sentiment is too high and setting the stage for a pullback. In Sunday's QT titled "Game of Drones," we reiterated: "Is it time to panic in the stock market? It's always best to panic before the crowd does. The issue isn'

Ed Yardeni

Market Call: The Next Surprise

Sep 22, 2024 3 min read

So far, September isn't living up to its bad reputation for the stock market now that the S&P 500 and the DJIA are at record highs. At the start of the month, on September 2, we asked, "What Could Possibly Go Wrong?" We wrote: "We are hard pressed to find what could possibly go wrong in September. So perhaps, the path of least

Ed Yardeni

Charging to New Highs

Jun 5, 2024 3 min read paid

The S&P 500 rose to yet another record high today, once again led by semiconductor stocks, in particular, by Nvidia (chart). The chipmaker just joined the $3 trillion dollar market-cap club along with Microsoft and Apple. The long line to buy the company's GPU chips keeps getting longer. It will have a 10-for-1 stock split on Friday. Perversely, the bulls are also charged up by the

Ed Yardeni

Bond & Stock Prices In Mini Meltup Over Soft Landing

Dec 14, 2023 2 min read

Investors are obviously relieved that the economy may be on a sustainable soft-landing path and might avoid a recession (again) in 2024. They are especially relieved that Fed Chair Jerome Powell recently implied that he and his colleagues are relieved about this too and are talking more dovish now: (1) Waller. For example, two weeks ago, Fed Governor Christopher Waller, in a November 28 speech titled, "Something Appears to

Ed Yardeni

Ackman's Big Short

Oct 23, 2023 2 min read paid

“There is too much risk in the world to remain short bonds at current long-term rates,” Bill Ackman said in a post on X, formerly known as Twitter, this morning. “We covered our bond short.” He first disclosed his Big Short on August 2 on X, one day after Fitch Ratings downgraded US Treasuries from AAA to AA+, and two days after the Treasury Department announced that the government would

Ed Yardeni

Stocks Ignore The Fog Of War

Oct 11, 2023 2 min read paid

Ed Yardeni

Fed Officials Calm Troubled Waters

Oct 9, 2023 2 min read

The bond market was closed today for Columbus Day. However, the iShares 20+ Year Treasury Bond ETF (TLT) surged 2.34%. This evening, the 10-year US Treasury bond yield dropped from 4.80% on Friday to 4.65%. The S&P 500 was weak in the morning, but rose 0.63% today (chart). It held its 200-day moving average last week (chart). That's impressive given that oil

Ed Yardeni

Some Good News From The Bond Market

Oct 3, 2023 2 min read

Hurray! The bond market will be closed next Monday for Columbus Day. It has done enough damage in recent weeks. Today, the 10-year Treasury bond yield rose to 4.81% just because job openings edged up in August (chart). Nevertheless, we think the trend is still downward. The same goes for quits. Both are highly correlated with wage inflation as measured by average hourly earnings, which will be reported for

Ed Yardeni

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