Rising Markets: All The Reasons To Be Bullish

All The Reasons To Be Bullish - This Week on WEALTHTRACKRemember the discussions about the shape of the economic recovery? Would it be a “V”, a “W”, or maybe even a hockey stick?

The jury might still be out about the economy, but as far as the markets are concerned there is no question. V’s abound.

The top five S&P 500 companies by market capitalization - Apple, Amazon, Microsoft, Google’s parent Alphabet, and Facebook - all but the last topping a trillion in market value, are sharply higher.

It is no surprise to this week’s guest. Ed Yardeni turned bullish nearly to the day of the market turnaround. He and his team are now calling this a Fed-led meltup. They say it could turn into the Mother of All Meltups, what they jokingly refer to as MAMU if it continues. They would feel a lot better about its sustainability if the market had some sort of correction or consolidation. So far it hasn’t complied.

Yardeni is a Ph.D. economist, long time Fed watcher, and investment strategist who is widely followed by institutional investors.  He founded his own global investment strategy and asset allocation firm Yardeni Research in 2007, having held top investment positions at several major firms.

He is also the author of a new book, Fed Watching for Fun and Profit: A Primer for Investors, which will be the focus of another WEALTHTRACK.

This week, we’ll discover how bullish he still is and gets his advice for investors.

WEALTHTRACK #1710 broadcast on September 04, 2020

More info here: https://wealthtrack.com/all-the-reasons-to-be-bullish-with-veteran-strategist-and-fed-watcher-ed-yardeni/

Fed Watching for Fun and Profit: A Primer for Investors: https://amzn.to/31YHWh8

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