The president of Yardeni Research believes that recent international conflicts are unlikely to disrupt the stock market.
In a new interview with CNBC, Ed Yardeni he says the market has already settled down and expressed confidence that the upcoming events will strengthen the economy.
“Yet on March 30th low, I think that’s the reason for the return. It hasn’t been a correction for the Nasdaq but not for the S&P 500. But you know that earnings season is ahead here.
Yardeni says the markets have already shown the ability to deal with the country’s problems, often turning uncertain times into opportunities for investors.
“Well, I think we have some experience, even the most recent one with this type of situation. Political crises tend to buy opportunities. And we, we saw that last year when we had the whole price crisis, we had a bear market in 2022. No, there is no recession, but it only lasted nine months and it was a good opportunity to buy.”
In addition, Yardeni says the US economy and financial markets have shown resilience despite recent weak data and rising tensions in the Middle East, including concerns about potential disruptions to Iranian ports and international energy.
He believes that the market’s volatility in these developments ensures that investors are confident that global events will not cause permanent economic damage.
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