The stock market could still face a 10% correction even as the Fed nails a perfect 'no landing' economic recovery, market vet says
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Market veteran Ed Yardeni warns that the stock market could face a 10% correction despite a strong US economy. Yardeni points to rising bond yields and a decline in the percentage of S&P 500 stocks trading above their 50-day moving average as indicators of potential market weakness. However, Yardeni acknowledges the continued strength of the US economy, citing strong retail sales in March and an upgraded first-quarter GDP growth estimate by the Federal Reserve. Yardeni attributes the strength of the US economy to rising real disposable income, a growing number of retirees, and an influx of immigrants contributing to consumption.
#StockMarket #Correction #UsEconomy #RetailSales #GdpGrowth #BondYields
https://markets.businessinsider.com/news/stocks/stock-market-outlook-imminent-correction-possible-despite-no-landing-economy-2024-4
Markets Insider /
npub1sm4…d5sv
2024-04-16 18:43:00
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npub1sm4vnv0vjzhsm765643gdstj23qkc6jgu7vvax8fepa0z4skqjaqsfd5svSeen on
wss://nos.lolPublished at
2024-04-16 18:43:00Event JSON
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"content": "The stock market could still face a 10% correction even as the Fed nails a perfect 'no landing' economic recovery, market vet says\n==========\n\nMarket veteran Ed Yardeni warns that the stock market could face a 10% correction despite a strong US economy. Yardeni points to rising bond yields and a decline in the percentage of S\u0026P 500 stocks trading above their 50-day moving average as indicators of potential market weakness. However, Yardeni acknowledges the continued strength of the US economy, citing strong retail sales in March and an upgraded first-quarter GDP growth estimate by the Federal Reserve. Yardeni attributes the strength of the US economy to rising real disposable income, a growing number of retirees, and an influx of immigrants contributing to consumption.\n\n#StockMarket #Correction #UsEconomy #RetailSales #GdpGrowth #BondYields\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-outlook-imminent-correction-possible-despite-no-landing-economy-2024-4",
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