Reported 2 months ago
In a recent analysis, Ed Yardeni, President of Yardeni Research, draws parallels between the current market sell-off and the infamous Black Monday of 1987, attributing parts of the decline to disappointing employment data. Despite the turmoil, he reassures viewers that this situation is not indicative of an imminent recession and expects the economy to demonstrate resilience, suggesting that the volatility will pass and potentially affect Federal Reserve interest rate decisions.
Source: YAHOO