Tags: tardeni | recession | investors | record | stocks

Yardeni: Recession-Fearing Investors Will Miss Record Stock Surge

Sunday, 11 August 2019 11:11 PM

Investment guru Edward Yardeni warns savvy investors that worrying too much about a recession could cost you plenty.

The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs.

“The outlook for the economy remains positive,” he told CNBC.

“That should keep the stock market moving higher,” said Yardeni, also a Newsmax Finance Insider.

“This has probably been the most hated bull market of all-time because the next recession has been the most widely anticipated of all-time,” he said.

“Usually recessions are caused by credit crunches,” he noted. “I don’t see a credit crunch out there. So, I think the economy continues to grow, and so do earnings.”

However, Goldman Sachs Group said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world's two largest economies before the 2020 U.S. presidential election.

"We expect tariffs targeting the remaining $300bn of US imports from China to go into effect," the bank said in a note sent to clients, Reuters reported.

President Donald Trump announced on Aug. 1 that he would impose a 10% tariff on a final $300 billion worth of Chinese imports on Sept. 1, prompting China to halt purchases of U.S. agricultural products.

Related Stories

© 2019 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
StreetTalk
Investment guru Edward Yardeni warns savvy investors that worrying too much about a recession could cost you plenty.
tardeni, recession, investors, record, stocks
240
2019-11-11
Sunday, 11 August 2019 11:11 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved