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Yankee legend Yogi Berra famously said, \u201cIt\u2019s deja vu all over again,\u201d one of his many memorable expressions. That\u2019s the way I feel this week.  

The \u201cdeja vu all over again\u201d is the theme of \u201cDon\u2019t fight the Fed.\u201d The Federal Reserve's recent pivot from inflation promoter to inflation fighter puts that adage front and center in the current debate between the bulls and the bears.

This week\u2019s guest has been following that dictum during his 40-year investment career. He has been bullish since the Fed opened the monetary spigots in 2009. He is Ed Yardeni, a Ph.D. economist, long-time Fed watcher, and investment strategist who is widely followed by institutional investors. 

He is also the author of several books.  The latest, In Praise of Profits! is dedicated to progressives to help them understand that \u201cprofits isn\u2019t a four-letter word.\u201d 

Another Yardeni book is Fed Watching for Fun and Profit: a Primer for Investors, which we discussed in-depth in an earlier interview. In that book, he wrote: \u201cTo do this job well, I've learned that nothing is more important than to anticipate the actions of the Federal Reserve system\u2019s Federal Open Market Committee (FOMC) which sets the course for monetary policy in the United States.\u201d  

Given the Fed\u2019s change of policy from easing to tightening I asked Yardeni if he was becoming less bullish. 

WEALTHTRACK Episode #1833 broadcast on February 11, 2022

More Info:https://wealthtrack.com/despite-higher-inflation-and-interest-rates-ed-yardeni-makes-the-bullish-case/

Bookshelf:

Fed Watching for Fun & Profit: A Primer for Investors

https://amzn.to/3BhlQ9i

In Praise of Profits!

https://amzn.to/3uKvDng

Martin Zweig\u2019s Winning on Wall Street

https://amzn.to/3uJJvOr