Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021 (via TradingNation)
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming.will soar 17% from current levels." on Friday. "We'll get there on higher earnings with maybe somewhat higher valuation as the perception continues to be that interest rates aren't going up much, if at all."
He gives the drone attack on Saudi Arabia's infrastructure last weekend as an example of what could have been easily viewed as a strong catalyst for a deep sell-off. Yardeni, who spent decades on the Street running investment strategy for firms that include Prudential and Deutsche Bank, builds his bullish case on the notion that Washington and Beijing agree to a trade war deal, a strong U.S. jobs market that'll keep consumers spending and a global economy on the mend due to easy central bank policies.
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