Yardeni US Economic Resilience Thesis
Ed Yardeni maintains a highly optimistic outlook for the U.S. economy and stock market, expecting continued economic resilience driven by a robust labor market and steady service sector growth.
Too little corroboration in the last 3 days to call a trend (8 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"The third reason to remain invested, according to Varadhan, is the underlying strength of the economy. Despite repeated external shocks, nominal economic growth has remained resilient."
"The US reported strong manufacturing data even as the economy continues to face uncertainties regarding the war. July's manufacturing PMI data came in at 55.6, which is the fastest pace of growth since May 2022."
"record stock prices, resilient consumer spending, rising productivity, and accelerating capital investment continue to support economic growth"
"record stock prices, resilient consumer spending, rising productivity, and accelerating capital investment continue to support economic growth"
"The S&P Global manufacturing PMI rose to 55.7 in June from 55.1 in May, topping market estimates of 54.8 and recording its highest reading since May 2022."
"The S&P 500 is up 0.5% week-to-date and is on track for an eighth consecutive weekly gain, while investors continue to be supported by strong corporate earnings, enthusiasm around artificial intelligence and a still-solid labor market backdrop."
"Stock indexes also found support today on signs of resiliency in the US labor market after April nonfarm payrolls rose more than expected and March nonfarm payrolls were revised upward."
"Yardeni expects continued economic resilience, driven by a robust labor market and steady service sector growth."