Don't Sell Your Stocks | Ed Yardeni

The bull case for why the bears are wrong

When today's guest expert was last on this channel, he predicted that the financial markets would have a "sloppy" start to 2025, but then find their footing and rise to new highs -- possibly as high as 7000 on the S&P -- by the end of the year.

Of course, that was before the new Administration took office and all that has happened since then.

So, is he still as bullish with his year-end outlook for stocks?

Or have recent developments like the Trump tariffs required a downshifting of expectations?

To find out, we're fortunate to be joined by Dr. Ed Yardeni, President of Yardeni Research.

To hear why he advises not to sell now, click here or on the video below:

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Adam’s Notes: Ed Yardeni (recorded 5.1.25)

EXECUTIVE SUMMARY:

• Trump Tariffs Disrupt 2025 Outlook: Ed Yardeni lowered his S&P 500 target from 7,000 to 6,000 due to Trump’s aggressive tariff policies, which introduced significant uncertainty, but he remains optimistic for a flat 2025 with gains in 2026.

• Economic Resilience Expected: Despite a 45% recession probability, Yardeni believes the U.S. economy will avoid a deep downturn, driven by consumer spending (especially retiring baby boomers), strong capital expenditure in technology, and productivity gains.

• No Bear Market, Correction Bottomed: Ed argues the April 8th market low marked a correction, not a bear market, with the S&P down less than 10% from its February 19th peak, supported by resilient sectors like IT and industrials.