Posted 1/25/2024, 4:14:00 PM
Yardeni Warns Stock Market Meltup Could Lead to Fed Rate Cuts and Further Inflation
- Market veteran Ed Yardeni worried about potential stock market "meltup" as S&P 500 hits records
- Sentiment measures like put-to-call ratio flashing "contrarian bearish" signals, worrying Yardeni
- Strong economic data like GDP could lead Fed to lower interest rates, sparking meltup
- Yardeni Meltups need to "meltdown"; rate cuts could fuel further asset price inflation
- Yardeni thinks Fed should not cut rates as it could drive rebound in inflation