Stock market is setting up for 'great scenario' to climb higher: Yardeni

After reaching all-time record highs last week, market indexes are in a tug-of-war to stay above these benchmarks; the S&P 500 (^GSPC) is holding above 5,300 while the Dow Jones Industrial Average (^DJI) rolls further back below 40,000. Yardeni Research President Ed Yardeni forecasts the Dow shooting up as high as 60,000 by 2030.
Yardeni sits down with Market Domination to discuss the multitude of factors that could either accelerate or derail market growth, including the higher interest rate environment sustained by the Federal Reserve.
"Usually recessions are caused by credit crunches and at this point, I don't see something like that. But a spike in oil prices (CL=F, BZ=F) is something that from a geopolitical perspective, is still not out of the realm of possibilities here," Yardeni notes to Yahoo Finance. "Fortunately, the price of oil has actually moderated quite a bit ever since Israel and Iran launched missiles at each other and then kind of backed off. So I think there's enough oil so we don't get a kind of big spike the way we had in the 1970s."
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[@RosnizambinmdkassimRosnizam]

Terima kasih.Selamat pagi... good Moning...

[@edwardfares2914]

Predictions are absolutely useless

[@zachjones6944]

Always have a hedge.

[@andrewvo8395]

The interest rate cuts are not just for stocks. Notice how it’s all self interest for these guys. Small caps cannot borrow money. People cannot buy homes and cars.

[@peterdangelo5882]

Get out, get out now.

[@rosemarysunshine1744]

He misspoke. The math is 100%, not 50% from 20k to 40k.

[@cameronf3343]

So basically they’re planning for Great Depression 2.0, fantastic

[@prolific1518]

Lol old man won't know what to do about what's going to happen. Said he doesn't see a credit crunch 😂