Transportation

Mini Tech Wreck Or Repeat Of The Big One?

Feb 6, 2026 3 min read paid

Is the sharp selloff in technology stocks this week the beginning of a Tech Wreck comparable to what happened from 2000 through 2002, when the tech bubble of the late 1990s burst and caused a recession (chart)? We doubt it because this time, the industry has many more profitable companies benefiting from the enormous capital spending on AI infrastructure by hyperscalers, including Alphabet, Amazon, and Microsoft. Collectively, these three companies

Ed Yardeni

Two Long-Distance Runners: Forrest Gump & The US Economy

Jan 7, 2026 3 min read paid

In the movie “Forrest Gump,” Forrest is a long-distance runner. He crosses the United States five times before he finally decides he is "pretty tired" and stops. Forrest’s run lasted 3 years, 2 months, 14 days, and 16 hours. In the US, real GDP has been growing since the two-month pandemic lockdown recession ended in April 2020. So its run has lasted 5 years, 8 months, and

Ed Yardeni

Dow Theory Is So Yesterday

Jul 23, 2024 2 min read paid

The DJIA is down 2.1% from its record high of 41,198 reached last Wednesday (chart). The DJTA was down 1.6% today, remaining below its record high in early 2022. According to Dow Theory, the DJTA needs to break out to a record high to confirm the DJIA's rise to this point and support further advances. The theory is that a sustainable bull market in stocks

Ed Yardeni

Dow Theory On Bullish Track

Jul 29, 2023 2 min read paid

The S&P 500 closed at the bull market's high of 4582.22 on Friday. Chart technicians continue to ring the alarm bells. The index is 11.9% above its 200-dma, which is 4094.1 (chart). Sentiment is too bullish. Breadth is too narrow. Valuations are stretched. The bears are capitulating. Run for the hills! Yet, last week, the Dow Theory flashed a bright green signal. That&

Ed Yardeni

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Mini Tech Wreck Or Repeat Of The Big One?

Two Long-Distance Runners: Forrest Gump & The US Economy

Dow Theory Is So Yesterday

Dow Theory On Bullish Track