AFMC - Ed Yardeni And José Torres On Stocks Spending And The Fed
2024-05-18 07:00:00 ET
Summary
- Edward Yardeni, President of Yardeni Research, has been - and remains - bullish on the stock market given a Federal Reserve that will likely retreat to the sidelines, strong consumer spending, and a solid growth outlook.
- Jose Torres, Senior Economist at Interactive Brokers, is a bit more concerned about inflation hovering in the 3%-3.5% range, but thinks that’s still supportive of EPS growth and market prospects.
- Ed favors industrials, financials, small-caps, and mid-caps, plus energy as a “shock absorber” sector. Jose also likes industrials, and favors short-term vehicles over long-term ones in the fixed-income markets.
By Mike Larson, Editor-in-Chief, MoneyShow ...
Ed Yardeni And José Torres On Stocks, Spending, And The Fed