1 day ago
The broader benchmark S&P 500 (SNPINDEX:^GSPC) has seemingly hit a wall over the past month, down about 2.3%.
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
On the whole, the S&P 500 is still having a decent year, but considering the Iran war and high inflation expectations, among other concerns, it's not hard to see why investors and market strategists have grown concerned.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Recently, one of Wall Street's most bullish strategists trimmed his S&P 500 price target for the year.
Ed Yardeni of Yardeni Research recently slashed his forecast from 8,400 to 7,900, which suggests minimal upside in the final 3.5 months of the year, with the index already around 7,600. 8,400 had been the highest price target on the Street.
#yardeni #recently #price
15 days ago
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The U.S. economy may not be as divided as the popular "K-shaped" narrative suggests. Economist Ed Yardeni says a generational divide better explains why consumer spending has remained resilient.
Yardeni, a longtime Wall Street economist and founder of Yardeni Research, calls this the "G-shaped economy." In an Aug. 3 research note, he argued that older Americans have accumulated far more wealth than younger generations, while financial support from older households is helping younger Americans cope with affordability pressures.
The K-shaped economy describes a widening gap between higher- and lower-income Americans, with the two groups experiencing different trends in income, spending and wealth. Recent debate has focused on whether that divide is still widening or beginning to narrow.
Don't Miss:
#americans
The U.S. economy may not be as divided as the popular "K-shaped" narrative suggests. Economist Ed Yardeni says a generational divide better explains why consumer spending has remained resilient.
Yardeni, a longtime Wall Street economist and founder of Yardeni Research, calls this the "G-shaped economy." In an Aug. 3 research note, he argued that older Americans have accumulated far more wealth than younger generations, while financial support from older households is helping younger Americans cope with affordability pressures.
The K-shaped economy describes a widening gap between higher- and lower-income Americans, with the two groups experiencing different trends in income, spending and wealth. Recent debate has focused on whether that divide is still widening or beginning to narrow.
Don't Miss:
#americans
3 months ago
The Technology (XLK) sector is on pace to notch its strongest first half of the year since 2023, when the AI boom first drove equities significantly higher. The sector has rallied roughly 28% year to date as investors piled into the companies building the infrastructure behind the AI boom.
Much of those gains have come since the market bottomed on March 30 as the US-Iran conflict wreaked havoc on stocks. Tech stocks have soared 37% since then, with the Energy (XLE) and Industrials (XLI) sectors following. The V-shaped recovery over the past two months has put the broad-based S&P 500 (^GSPC) index on track for its best quarter in six years.
But while the "Magnificent Seven" megacap stocks were the drivers of the tech sector three years ago, their performance in 2026 has been anything but magnificent. If anything, Big Tech players that plan to spend more than $650 billion on AI this year have been punished, as the returns on those investments remain hazy.
"Investors seem to be experiencing AI Fatigue," veteran strategist Ed Yardeni wrote in a recent note. "They are questioning whether the hyperscalers' massive spending on AI infrastructure will ever pay off."
Read more: How to protect your portfolio from an AI bubble
Much of those gains have come since the market bottomed on March 30 as the US-Iran conflict wreaked havoc on stocks. Tech stocks have soared 37% since then, with the Energy (XLE) and Industrials (XLI) sectors following. The V-shaped recovery over the past two months has put the broad-based S&P 500 (^GSPC) index on track for its best quarter in six years.
But while the "Magnificent Seven" megacap stocks were the drivers of the tech sector three years ago, their performance in 2026 has been anything but magnificent. If anything, Big Tech players that plan to spend more than $650 billion on AI this year have been punished, as the returns on those investments remain hazy.
"Investors seem to be experiencing AI Fatigue," veteran strategist Ed Yardeni wrote in a recent note. "They are questioning whether the hyperscalers' massive spending on AI infrastructure will ever pay off."
Read more: How to protect your portfolio from an AI bubble
3 months ago
Shares of Google parent Alphabet (GOOGL) retreated again on Thursday, continuing a June swoon. While Google stock has gained 9% in 2026, shares have pulled back since mid-May amid investor worries over 2027 earnings estimates and a surge in capital spending, **** yst Ed Yardeni says in a report.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
