- Investors could see stocks rally in the last stretch of the year, market veteran Ed Yardeni has forecasted.
- He says that’s because the Fed is likely done with interest rate hikes, which have weighed heavily on equities.
- Investors are pricing in a 59% chance the Fed will cut rates by September of next year.
Stocks could be primed for a big year-end rally, thanks to the combined tailwinds of strong corporate earnings and falling inflation, according to market veteran Ed Yardeni.
That’s partly because corporate earnings bottomed the past quarter, and are bound to surge higher into the end of the year, the Yardeni Research President said in an interview with CNBC on Thursday.
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