Yardeni Says He Wasn’t Bullish Enough on Stocks as Earnings Power Rally
Updated
Updated · Seeking Alpha · Jun 15
Yardeni Says He Wasn’t Bullish Enough on Stocks as Earnings Power Rally
2 articles · Updated · Seeking Alpha · Jun 15
Summary
Ed Yardeni said even as a longtime market bull, he underestimated the latest stock rally and now believes he "hasn't been bullish enough."
Strong corporate earnings are the main reason, he said, describing profit results as extraordinarily robust and better than his earlier bullish assumptions.
The remark signals that one of Wall Street's better-known optimists sees the market's advance as fundamentally earnings-driven rather than purely sentiment-led.