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Market Impact: 0.35
Yardeni on Cutting His S&P Outlook, Fed, Oil Prices
Source: youtube.com
Analyst InsightsMarket Technicals & FlowsMonetary PolicyInterest Rates & YieldsInvestor Sentiment & Positioning
Ed Yardeni cut his year-end S&P 500 target to 7,900 from 8,400, a 500-point (6.0%) reduction from his prior forecast. The prominent equity bull also expects the Federal Reserve could raise rates twice more this year, signaling a more restrictive policy outlook and increased headwinds for stocks.
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