The Dow Jones Industrial Average closed above 40,000 on Friday for the first time. It’s on track to rise 50% to 60,000 by 2030, in our opinion (chart). The S&P 500 should rise by as much to 8000. That

The week ahead is a light one for economic reports. The focus is mostly on the housing sector, which is showing signs of bottoming if not recovering. Meanwhile, we will continue to focus on Dr. Copper, the metal with

The Dow is flirting with 40,000 currently, confirming that good news is good news and bad news is also good news for the stock market these days. That’s because the bad news is also good news for the bond

The S&P 500 rose to a new record high of 5308.15 following today’s economic numbers. It could easily reach our yearend target of 5400 well ahead of schedule! For now, we are sticking with this target, as well as

Producer prices rebounded 0.5% m/m in April, but we still see encouraging signs that inflation will continue to moderate. Even if progress on PPI inflation is stalling, it looks in line with pre-pandemic readings and at a reasonable enough

The S&P 500 bottomed most recently on October 19 at 4967.23, rising to 5222.68 on Friday. That’s very close to its record high of 5254.35 on March 28. That’s a very sharp U-turn! It’s getting closer to our 5400

The week ahead is jampacked with economic indicator releases. The big ones are for inflation, retail sales, and production. They may be somewhat stagflationary on balance, showing inflation remains too high while economic growth is slowing. Nevertheless, we still expect

One of our competitors claims that we are in a recession. Another claims that we will soon be in a recession. The most widely anticipated recession of all times is turning into the longest widely anticipated recession of all times.

In the past, the major foreign central banks often followed the Fed’s lead. This time, they aren’t waiting for the Fed to ease monetary policy before doing so themselves. That’s boosting the foreign exchange value of the dollar as

Nothing to worry about? The geopolitical risk premium in the price of oil has dropped sharply since early April. The price of a barrel of Brent crude oil slipped to $82.96 from a recent peak of $91.17 on Friday,

It’s slim pickings this week on the US economic front. The news will be mostly about credit conditions. Then again, earnings reporting season isn’t over. And, we can always count on the members of the “Federal Open Mouth Committee” to make headlines now

I am very pleased to announce that Eric Wallerstein is joining the Yardeni Research team as our Chief Markets Strategist. He will work with me and the rest of the YRI team as we continue to produce the very

Go figure: Stocks & bonds sold off on Tuesday following a hotter-than-expected Q1 Employment Cost Index (ECI). It was up 5.4% q/q (saar) and 4.1% y/y. Today, they both rallied despite a hot Q1 unit labor costs inflation report.

Fed Chair Jerome Powell wasn’t dovish at his presser today. But he wasn’t hawkish either. He said, “I think it’s unlikely that the next policy rate move will be a hike.” The 2-year Treasury yield fell back below 5.00%

Today’s Employment Cost Index (ECI) for Q1 was another hotter-than-expect inflation report. It came out just as the FOMC started its latest meeting to discuss monetary policy. That increases the odds that Fed officials will sound more hawkish than they’ve recently been, starting