Reported about 11 hours ago
Ed Yardeni, a prominent Wall Street bull, expresses concern that excessive bullish sentiment among investors signals a potential pullback in the stock market, predicting a possible decline of up to 5% in the S&P 500 by year-end. Despite a 37% surge in the index since April and nearing historical highs, Yardeni advises caution, noting that the current market may be overextended and could react negatively to unexpected events, even as confidence remains high among traders.
Source: YAHOO