The rise of ChatGPT could jump start the Roaring 20s for stocks and solidify a new bull market

• The rise of ChatGPT could spark the Roaring 20’s for the stock market, according to market veteran Ed Yardeni.
• Yardeni highlighted that artificial intelligence is capable of boosting productivity and living standards. 
• “If so, then we can spend a lot less time obsessing about what the Fed will do next,” Yardeni said.

The rise of ChatGPT could usher in the Roaring 20’s for the stock market and solidify the recent rally as a new bull regime, according to market veteran Ed Yardeni.

Yardeni said in a Thursday note that he views the rally in stocks since the mid-October low as a new bull market rather than a bear market rally, highlighting that the S&P 500 recently tested the all-important 4,200 resistance level and took out the February 2 closing high of 4,179.