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All The Reasons To Be Bullish - This Week on WEALTHTRACKRemember the discussions about the shape of the economic recovery? Would it be a \\u201cV\\u201d, a \\u201cW\\u201d, or maybe even a hockey stick?
\\nThe jury might still be out about the economy, but as far as the markets are concerned there is no question. V\\u2019s abound.
\\nThe top five S&P 500 companies by market capitalization - Apple, Amazon, Microsoft, Google\\u2019s parent Alphabet, and Facebook - all but the last topping a trillion in market value, are sharply higher.
\\nIt is no surprise to this week\\u2019s guest. Ed Yardeni turned bullish nearly to the day of the market turnaround. He and his team are now calling this a Fed-led meltup. They say it could turn into the Mother of All Meltups, what they jokingly refer to as MAMU if it continues. They would feel a lot better about its sustainability if the market had some sort of correction or consolidation. So far it hasn\\u2019t complied.
\\nYardeni is a Ph.D. economist, long time Fed watcher, and investment strategist who is widely followed by institutional investors. He founded his own global investment strategy and asset allocation firm Yardeni Research in 2007, having held top investment positions at several major firms.
\\nHe is also the author of a new book, Fed Watching for Fun and Profit: A Primer for Investors, which will be the focus of another WEALTHTRACK.
\\nThis week, we\\u2019ll discover how bullish he still is and gets his advice for investors.
\\nWEALTHTRACK #1710 broadcast on September 04, 2020
\\nMore info here: https://wealthtrack.com/all-the-reasons-to-be-bullish-with-veteran-strategist-and-fed-watcher-ed-yardeni/
\\nFed Watching for Fun and Profit: A Primer for Investors: https://amzn.to/31YHWh8
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