Wealthnewshubb
Advertisement Banner
  • Home
  • News
  • Management
  • Contact
No Result
View All Result
  • Home
  • News
  • Management
  • Contact
No Result
View All Result
Wealthnewshubb
No Result
View All Result
Home Management

Bulls Have “Narrow Path” to Victory – Validea’s Guru Investor Blog

admin by admin
January 7, 2023
in Management




Wall Street bulls will have a “narrow path” to win in 2023, provided inflation eases quicker than anticipated, says Ed Yardeni, founder of Yardeni Research. “They almost can’t win,” Yarden told Bloomberg TV in an interview that is cited in an article in Financial Advisor.

If the economy remains strong, the Fed will need to raise interest rates significantly higher. In that case, inflation could deflate faster than expected, and Yardeni predicts that prices will cool down faster than most Wall Streeters have forecast. He highlighted used-car prices, energy prices and rents that are falling fast as indications that inflation could be tamping down more than expected. And if inflation hits 3% to 4% early this year, as Yardeni expects, that would soothe worries about spiraling prices, the article contends. While an inverted yield curve is usually a reliable indicator of recessions, as it often signals that “there’s going to be a financial crisis,” its effect hasn’t caused “a wider contagion,” Yardeni said in the interview, adding that the economy is “more likely to get a soft landing out of all this.” Certainly there are leading indicators that has many on Wall Street spooked about a possible recession, which Yardeni believes will happen early in 2023, if it happens. But the economy is currently quite hardy, the banking system is strong, and consumers are still doing well, particularly as wages are expected to increase more than prices this year, Yardeni pointed out. “Purchasing power is going to be there for consumers,” he told Bloomberg, according to the article.




Source link

Previous Post

Goldman Sachs Adds Former Raymond James Team to Custody Platform

Next Post

2023 Kicks Off with Several RIA M&A Announcements

Next Post

2023 Kicks Off with Several RIA M&A Announcements

Recommended

Blackstone’s Heavy Concession Is A Warning – Validea’s Guru Investor Blog

4 weeks ago

CVS Buys Signify Health in $8 Billion Deal Pushing Beyond Retail

5 months ago

wealth-01

© 2022 Wealth News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Management
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Management
  • Contact

© 2022 Wealth News Hubb All rights reserved.