Ed Yardeni, President of Yardeni Research, states that the U.S. economy is showing noteworthy resilience despite the challenges posed by tighter monetary policy. He argues that many economists are overlooking this strength while assessing current economic conditions.
Positive
Investors may find opportunities in sectors that historically perform well during periods of economic resilience, such as consumer staples or utilities.
Positive
The strong economic indicators may lead to a positive outlook for financial sector stocks, particularly banks, which benefit from higher interest rates.
Oct 11, 2024, 1:58 PM
Prices in segments of the U.S. economy, like some imported goods, consumer electronics and gasoline, have deflated since September 2023.
Oct 11, 2024, 11:03 AM
Profits at JPMorgan and Wells Fargo both fell from the year-ago period, but those declines were less than what analysts expected.
Oct 11, 2024, 10:21 AM
JPMorgan and Wells Fargo get earnings season going in earnest while a wholesale inflation print is in focus after the CPI surprise.