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Why Veteran Wall Street Investor Believes We're Still In A Bull Market

Veteran Wall Street investor Ed Yardeni confidently stated that we are still in a bull market, underpinned by several economic indicators and market behaviors that suggest continued growth potential. Yardeni’s bullish stance is primarily supported by the prospect of the Federal Reserve adopting a less aggressive approach, alongside a positive earnings season that has outpaced expectations. Crucially, he highlights the sharp drop in geopolitical risk premiums, evident in the significant decline in Brent crude oil prices, which fell from a recent peak of $91.17 to $82.96 on April 5. This price shift is a key indicator of reduced market volatility and investor anxiety. Adding depth to this analysis, Yardeni points out that stock market sentiment indicators, traditionally seen as predictors of market mood, have normalized. Recent data from Investors Intelligence and the American Association of Individual Investors (AAII) show bull/bear ratios ...