Investors / stance tracking
What Ed Yardeni is saying
FollowFollowingUnfollowPresident, Yardeni Research
112 dated public stances tracked since 2022-02-12, most recently 2026-10-30. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Ed Yardeni's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Ed Yardeni is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
112
tracked stances
72
themes
4
side flips
2026-10-30
last heard
Returns 90d -0.9% 50% correct · 40 calls · 180d +3.2% 65% correct · 34 calls · 1y +6.7% 67% correct · 15 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-07-24 | Big Tech | bullish | +3.1% | — | — |
| 2026-07-01 | BITCOIN | bearish | -39.5% | — | — |
| 2026-06-18 | SPX | bullish | +1.0% | — | — |
| 2026-06-18 | GOLD | bullish | +1.2% | — | — |
| 2026-06-18 | EMXC | bullish | -8.1% | — | — |
| 2026-06-18 | China Equities | bearish | -1.9% | — | — |
| 2026-04-02 | ENERGY | bullish | -10.2% | +5.2% | — |
| 2026-03-06 | SPX | bullish | +12.9% | +14.4% | — |
| 2026-02-06 | NVDA | bullish | +14.1% | +18.4% | — |
| 2026-02-06 | AMZN | bullish | +28.9% | +29.6% | — |
| 2026-01-13 | ENERGY | bearish | -22.3% | -22.4% | — |
| 2026-01-02 | GOOGL | owns | -6.1% | +14.8% | — |
| 2026-01-02 | GOLD | bullish | +7.8% | -6.9% | — |
| 2026-01-02 | Big Tech | bearish | +4.5% | -18.6% | — |
| 2025-12-18 | USD | bullish | +2.9% | +3.2% | — |
| 2025-12-08 | XLV | bullish | +2.3% | +1.7% | — |
| 2025-12-08 | XLK | bearish | +5.2% | -25.1% | — |
| 2025-12-08 | Long Dur Treasuries | bearish | -2.7% | +1.5% | — |
| 2025-12-08 | International Dev | bullish | +6.9% | +13.5% | — |
| 2025-12-08 | INDUSTRIALS | bullish | +11.1% | +13.2% | — |
| 2025-12-08 | India Equities | bullish | -5.8% | -11.1% | — |
| 2025-12-08 | China Equities | bullish | -6.6% | -11.2% | — |
| 2025-12-08 | BANKS | bullish | -1.0% | +7.6% | — |
| 2025-11-10 | SPX | bullish | +2.1% | +9.1% | — |
| 2025-11-10 | Big Tech | bullish | -1.3% | +14.7% | — |
| 2025-04-16 | GOLD | bullish | -0.2% | +23.0% | +43.1% |
| 2024-12-03 | SPX | bullish | -3.0% | -1.2% | +14.6% |
| 2024-12-03 | INDUSTRIALS | bullish | -4.9% | +1.2% | +10.2% |
| 2024-08-07 | USD | bullish | +1.9% | +8.5% | +0.2% |
| 2024-08-07 | SPX | bullish | +11.5% | +16.0% | +23.4% |
| 2024-03-25 | SPX | bullish | +4.8% | +10.3% | +12.1% |
| 2023-12-22 | HOUSING | bullish | +16.3% | +8.1% | +11.3% |
| 2023-12-19 | USD | bullish | +3.0% | +6.3% | +12.4% |
| 2023-10-02 | SPX | bullish | +11.1% | +23.1% | +34.9% |
| 2023-10-02 | Commercial Real Estate | bearish | -21.5% | -16.9% | -35.9% |
| 2023-06-30 | SPX | bullish | -3.0% | +8.3% | +24.7% |
| 2023-04-14 | USTS | bullish | -1.2% | -6.1% | -4.3% |
| 2022-02-12 | SPX | bullish | -8.2% | -3.6% | -4.4% |
| 2022-02-12 | SEMIS | bullish | -12.4% | -10.0% | -5.5% |
| 2022-02-12 | AMZN | bullish | -27.1% | -9.4% | -35.9% |
View flips
Where the tracked view on a theme reversed between appearances — bullish to bearish or back. Dates are the episodes on each side of the turn.
Big Tech — bearish2026-01-02 → bullish2026-07-24
China Equities — bullish2025-12-08 → bearish2026-06-18
Big Tech — bullish2025-11-10 → bearish2026-01-02
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| SPX | 11 | 10 bullish / 1 neutral | 2026-09-17 | |
| USTS | 5 | 2 bullish / 3 neutral | 2026-10-12 | |
| Big Tech | 4 | 3 bullish / 1 bearish | 2026-10-26 | |
| USD | 4 | 3 bullish / 1 neutral | 2025-12-18 | |
| China Equities | 3 | 1 bullish / 2 bearish | 2026-10-13 | |
| FINANCIALS SECTOR | 3 | 3 bullish | 2026-08-12 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-10-30
long AMZN / short Ai Infra
pair
Fox Business (uncut) · uncut_tv
Hyperscalers can sustain negative free cash flow and still deliver stock appreciation the way Amazon did historically, while overindebted neo-cloud and peripheral AI infrastructure players face punishment if the AI spending cycle moderates
“neo clouds and peripheral players that are going to be pretty much punished for already having a lot of debt”
Fox Business uncut 2026-10-30 14:02 ET (5 min)
2026-10-26
Big Tech
bullish
CNBC (uncut) · uncut_tv
The entire economy is being 'tech-nolugified' as AI tools remake every remaining non-tech business, making the NASDAQ 100 the primary vehicle for capturing that secular upside
“the economy is being tech-nolugified...it's like it's taking over and remaking everything”
CNBC uncut 2026-10-26 14:07 ET (5 min)
2026-10-22
SPECULATIVE AI BUILDOUT
bearish
CNBC (uncut) · uncut_tv
Tighter credit is making capital more expensive and should deflate and slow the AI boom, though the pullback is unlikely to burst the bubble or damage the broader economy.
“It's definitely gonna slow down the AI boom, but I think taking some air out of the AI bubble is a good thing.”
CNBC uncut 2026-10-22 15:12 ET (5 min)
2026-10-13
China Equities
bearish
Ed Yardeni (newest) · video
China is experiencing deflation, zero nominal retail sales growth, still-falling home prices, and an unresolved bad-loan problem in a ~$40T credit system that the recent rural-bank consolidation does not fix, signaling ongoing economic deterioration
“it looks pretty bad which is consistent with the view I have”
We're Back to Normal Rates, Says Ed Yardeni
At roughly 5.25% yield, 10-year Treasuries are starting to look attractive and yields may be near a cyclical peak, though oil-driven inflation stickiness keeps the outlook cautious rather than outright bullish
“5 and 1/4% looks like a pretty good return on a 10-year bond”
The S&P Hit a Record. 73% of Stocks Are Below Their 50-Day. What Is Your Index Fund Betting On?
Said again: 2026-10-13 (Ed Yardeni (newest)), 2026-10-13 (Ed Yardeni (newest))
Semiconductor and memory chip prices are rising, lifting S&P 500 profit margins through both productivity gains and pricing power, making them a core driver of continued margin expansion
“semi connectors and memory chips have seen their prices go up”
'WHY SHOULDN'T THIS CONTINUE?': Expert makes BOLD BULLISH forecast for 2028
2026-10-10
CRUISE LINES
bullish
Ed Yardeni (newest) · video
Wealthy retiring baby boomers are dramatically increasing cruise frequency (once every 3 years → 3 times per year) and trading up to premium-class cabins, structurally lifting per-passenger revenue and volume
“they go three times a year on these cruises...we're paying for a premium class”
The G-Shaped Economy | Ed Yardeni on the Hidden Fuel Holding Off a Recession
Baby boomer retirement wave — the largest and wealthiest retiring cohort ever — is directly driving a structural boom in healthcare demand
“healthcare is absolutely booming obviously”
The G-Shaped Economy | Ed Yardeni on the Hidden Fuel Holding Off a Recession
2026-10-10
ELECTRIC POWER GRID / UTILITIES INFRASTRUCTURE
bullish
Ed Yardeni (newest) · video
AI-driven capex is forcing long-overdue upgrades to a woefully obsolete US power grid, creating sustained infrastructure investment demand beyond just semiconductor/data-center spending
“our electric power grid is woefully obsolete and we're improving that very very rapidly”
The G-Shaped Economy | Ed Yardeni on the Hidden Fuel Holding Off a Recession
Fabulous earnings momentum (FIMO) and strong economy support equities despite geopolitical/oil headwinds; cut year-end target to 7,900 from 8,400 but still above current levels — just expects it takes until mid-2027 rather than year-end to reach higher targets
“I remain fundamentally bullish”
Bloomberg Surveillance 9/17/2026
Said again: 2026-10-04 (Excess Returns), 2026-10-07 (Ed Yardeni (newest)), 2026-10-08 (Ed Yardeni (newest)), 2026-10-10 (Ed Yardeni (newest)), 2026-10-11 (Ed Yardeni (newest)), 2026-10-12 (Chris Davis), 2026-10-13 (Ed Yardeni (newest)), 2026-10-13 (Ed Yardeni (newest)), 2026-10-13 (Ed Yardeni (newest)), 2026-10-19 (CNBC (uncut)), 2026-10-19 (Ed Yardeni), 2026-10-30 (Fox Business (uncut)), 2026-11-02 (Bloomberg TV (uncut))
At current yields around 4.5%, bonds offer attractive fixed income compensation relative to recent history
“bonds yielding around 4.5% are pretty good”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
HEALTHCARE — AI APPLICATIONS AND DEMOGRAPHICS
bullish
Wealthion · video
AI has transformative potential in diagnostics and patient record management while the baby boomer retirement wave structurally sustains healthcare spending
“AI has the potential for doing marvelous things when it comes to diagnosis”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
DIVIDEND-YIELDING STOCKS
bullish
Wealthion · video
Long-term buy-and-hold of dividend payers compounds wealth over a multi-decade horizon without the need to time the market
“put everything in dividend yielding stocks and never look at them again until you're ready to retire”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
FINANCIALS / FINTECH
bullish
Wealthion · video
Major banks are investing billions in AI-driven financial technology, positioning the sector for significant productivity-driven margin expansion
“the big banks are spending billions of dollars”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
AI ADOPTERS — COMPANIES USING AI TO DRIVE PRODUCTIVITY
bullish
Wealthion · video
Companies applying AI to reduce costs and boost productivity will capture durable earnings upside; Yardeni prefers AI users over AI infrastructure builders
“you bet on the people and the companies that benefit from AI”
The Recession Never Came. Is This Bull Market Just Getting Started?
Municipal bonds provide tax-advantaged income on top of solid yields, making them particularly attractive for investors in higher tax brackets
“Municipal bonds are very good for a lot of people”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
CYBERSECURITY STOCKS
bullish
Wealthion · video
More sophisticated AI directly multiplies cybersecurity attack surface, creating sustained demand growth for cybersecurity vendors
“the more sophisticated it gets, the more it can create havoc in terms of cyber security issues”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-17
EMERGING MARKETS EQUITIES
bullish
Wealthion · video
Expanding middle classes in emerging economies are enlarging consumer bases, providing a structural long-term demand tailwind
“these emerging markets are emerging. They're getting bigger middle classes and more consumers”
The Recession Never Came. Is This Bull Market Just Getting Started?
2026-08-12
HEALTHCARE SECTOR
bullish
Ed Yardeni · video
Healthcare is uniquely positioned to benefit from AI because the sector badly needs better information management, and Yardeni already raised it to market overweight at end of 2024
“if any sector badly needs to manage information better, needs AI, it's got to be healthcare”
Yardeni Raises S&P 500 Target on 'Fabulous Earnings Momentum'
Industrials are a direct beneficiary of the ongoing AI capex boom, which Yardeni views as 'the real deal,' and the sector is already confirming this with all-time record highs
Yardeni Raises S&P 500 Target on 'Fabulous Earnings Momentum'
Said again: 2026-10-30 (Fox Business (uncut))
2026-08-12
FINANCIALS SECTOR
bullish
Ed Yardeni · video
Banks and financial firms are investing billions in fintech and AI-driven productivity gains that the market understands and is pricing in, with the sector already at record highs
“financials are spending billions of dollars on fintech”
Yardeni Raises S&P 500 Target on 'Fabulous Earnings Momentum'
2026-08-11
JAPANESE YEN / JPY
bearish
Wealthion · video
Japan's short-term rates remain far below global peers (~1% vs ~4.5-5% in the US) and unless Japan raises rates substantially the yen currency crisis may resume, potentially forcing Japanese holders of US Treasuries to repatriate capital
“unless they actually raise interest rates and significantly then this currency crisis may not be over”
The Fed’s Credibility Is on the Line, Ed Yardeni Warns
2026-08-11
Long Dur Treasuries
bearish
Wealthion · video
If the Fed fails to raise rates and restore credibility on inflation, bond vigilantes will push long-end yields sharply higher even as the Fed tries to hold short rates, creating a revolt on the long end that the Treasury cannot fully contain
“Even if the Fed were trying to lower interest rates on the short end, you could have a revolt on the long end”
The Fed’s Credibility Is on the Line, Ed Yardeni Warns
Said again: 2026-10-30 (Fox Business (uncut))
2026-08-07
long FINANCIALS / long INDUSTRIALS / long HEALTHCARE
basket
The Compound · video
Financials, industrials, and healthcare are the broadening-bull catchup trade as AI drives productivity gains into these sectors and the impressive 493 non-Mag7 stocks outperform
“we reiterate our stance on overweighting financials, industrials, and we added healthcare”
The Man Who Called the Roaring 2020s | TCAF 254
2026-08-07
RUSSELL 2000 SMALL CAPS
bullish
The Compound · video
Small caps were held back by recession fears and high interest rates, not weak fundamentals; as recession fears fade it is a catchup trade not large-caps catching down, and the index sniffs recessions first so its continued strength confirms no downturn coming
“I'm a catchup person versus a catchdown person”
The Man Who Called the Roaring 2020s | TCAF 254
2026-07-24
Big Tech
bullish
Ed Yardeni · video
Technology is the leading sector of the US economy and the Nasdaq 100 has outperformed even the S&P 500 as a result, a trend he expects to continue given AI momentum
“even better has been the Nasdaq 100. Technology has been a leading sector in our economy”
90d +3.1%
Yardeni Research President Ed Yardeni Talks Market Outlooks, Personal Investment Strategy |...
Said again: 2026-07-24 (Ed Yardeni), 2026-10-04 (Excess Returns), 2026-10-07 (Ed Yardeni (newest))
2026-07-01
US INFORMATION TECHNOLOGY AND COMMUNICATION SERVICES SECTORS
neutral
Ed Yardeni · video
AI disruption will produce sharp winners and losers within tech and communication services, making sector-level outperformance uncertain and warranting only market-weight exposure rather than an overweight bet.
“I'd be market weight information technology and communication services because there's going to be some areas that win and some areas that lose”
Wall Street's Biggest Bull Would BUY THE GOLD DIP | Ed Yardeni
Stablecoins have stripped Bitcoin's medium-of-exchange use case by applying blockchain technology to a dollar-backed stable unit, leaving Bitcoin only a 'store of value' claim that it is currently failing to execute, undermining its fundamental investment…
“that really leaves Bitcoin with only one claim to fame as a store of value. It's not doing a very very good job of that”
90d -39.5%
Wall Street's Biggest Bull Would BUY THE GOLD DIP | Ed Yardeni
Earnings momentum (FIMO — fabulous earnings momentum) continues to accelerate, driving the index toward a year-end target of 8,250
“the earnings numbers just continue to get stronger and stronger”
90d +1.0%
Ed Yardeni: New Fed Chair Kevin Warsh is a HAWK acting like a DOVE
Said again: 2026-06-18 (Ed Yardeni), 2026-07-01 (Ed Yardeni), 2026-07-24 (Ed Yardeni), 2026-07-24 (Ed Yardeni), 2026-08-07 (The Compound), 2026-08-11 (Wealthion), 2026-08-12 (Ed Yardeni), 2026-08-17 (Wealthion)
Gold broke below its 200-day moving average, then found technical support at $4,000, which Yardeni reads as a confirmed bottom with upside to $5,500 by year-end
“it found support at 4,000 … I think it's going to gradually move still higher”
90d +1.2%
Ed Yardeni: New Fed Chair Kevin Warsh is a HAWK acting like a DOVE
Said again: 2026-07-01 (Ed Yardeni), 2026-08-07 (The Compound)
2026-06-18
EMXC
bullish
Ed Yardeni · video
Emerging markets ex-China trade at cheaper valuations on a PE basis than the US and include AI-driven economies like Korea and Taiwan
“I like EMXC which is the emerging markets excluding China”
90d -8.1%
Ed Yardeni: New Fed Chair Kevin Warsh is a HAWK acting like a DOVE
2026-06-18
China Equities
bearish
Ed Yardeni · video
China has been a persistent underperformer and is explicitly excluded from Yardeni's preferred EM exposure
“China has not been a good place to invest”
90d -1.9%
Ed Yardeni: New Fed Chair Kevin Warsh is a HAWK acting like a DOVE
2026-06-18
AI CAPITAL SPENDING / AI INFRASTRUCTURE
bullish
Ed Yardeni · video
AI is not a speculative bubble but an evolution in a decades-long digital revolution (mainframe → PC → cloud → AI), and the current capex cycle will pay off as data becomes a true fourth factor of production
“AI is not a revolution, it's an evolution in the digital revolution”
Yardeni Research President Ed Yardeni Talks State of the Market | Bloomberg Talks
2026-05-11
AI PRODUCTIVITY THEME (BROAD)
bullish
Ed Yardeni · video
AI is driving a 'Roaring 2020s' productivity surge analogous to 1920s technological innovation, which simultaneously boosts growth, lowers inflation, and lifts corporate profit margins without triggering a wage-price spiral
“Productivity makes everything better — growth better, inflation lower, great for corporate profits”
Don't underestimate the resilience of economy and the consumer, says Ed Yardeni
2026-05-11
US SEMICONDUCTOR / DOMESTIC SUPPLY CHAIN BUILDOUT
bullish
Ed Yardeni · video
Both the Biden infrastructure bill and the current administration are pushing semiconductor and supply chain reshoring for national security reasons, creating sustained multi-administration capex stimulus for domestic chip and manufacturing capacity
“Under the current administration we're seeing the same kind of push for national security reasons to bring supply chains back”
Don't underestimate the resilience of economy and the consumer, says Ed Yardeni
Elevated oil prices provide a net positive to the US economy and specifically the US oil and gas export industry, even if they weigh on foreign economies
“there's a positive impact on the US oil industry because we are exporters of oil and gas”
90d -10.2% · 180d +5.2%
Top market researcher Ed Yardeni says the market bottom is in
2026-04-02
MAGNIFICENT SEVEN
owns
Ed Yardeni · video
P/E compression from ~31 to ~22 during the selloff made the Magnificent Seven cheap enough to upgrade back to market weight from an underweight established in December
“This PE has gone down from like 31 down to 25 — I went back to a market weight on the Magnificent Seven”
Top market researcher Ed Yardeni says the market bottom is in
Geopolitical crises in the Middle East historically are buying opportunities, and strong productivity, falling unit labor costs, and robust PMI data support market resilience and a quick rebound from any selloff
“geopolitical crises tend to be buying opportunities in the stock market”
90d +12.9% · 180d +14.4%
Yardeni Research president does not suggest ‘selling’ into this environment
Said again: 2026-03-10 (Ed Yardeni), 2026-03-10 (Ed Yardeni), 2026-04-02 (Ed Yardeni), 2026-04-27 (Ed Yardeni), 2026-05-11 (Ed Yardeni), 2026-05-27 (Ed Yardeni)
2026-03-06
US INFLATION / CPI TRAJECTORY
bearish
Ed Yardeni · video
Unit labor cost growth at 1.3% signals underlying inflation is decelerating, and Yardeni expects CPI to reach 2% by year-end or sooner
“inflation is going down. I think by the end of the year it'll get down to 2%”
Yardeni Research president does not suggest ‘selling’ into this environment
With the economy performing well and the Fed unlikely to cut rates, a 4–4.5% 10-year yield is a fair, healthy level that properly allocates capital, suggesting no material move in either direction
“bond yields around four, four and a half percent — that's normal, that's actually a healthy sign”
Yardeni Research president does not suggest ‘selling’ into this environment
Hyperscalers planning $650 billion in AI infrastructure spending in 2024 will be highly stimulative to the broader economy and drive future cash flow growth, making the capex profitable over time
“Nobody's talking about a recession and the only question is how big a boom are we going to have”
90d +28.9% · 180d +29.6%
Market bounce back has to do with spending hyperscalers are planning: Yardeni Research's Ed Yardeni
Nvidia benefits directly from massive hyperscaler AI infrastructure spending which creates sustained demand across the entire AI value chain
“Nvidia is up 7%. Everything in the AI value chain is like great. We're thrilled.”
90d +14.1% · 180d +18.4%
Market bounce back has to do with spending hyperscalers are planning: Yardeni Research's Ed Yardeni
2026-02-06
MAG SEVEN TECHNOLOGY STOCKS (RELATIVE CORRECTION)
bearish
Ed Yardeni · video
Increased competition among hyperscalers and LLM providers is a near-term headwind for Mag Seven stocks, warranting a relative correction versus the broader market, though long-term thesis remains intact
“this is just a near-term issue”
Market bounce back has to do with spending hyperscalers are planning: Yardeni Research's Ed Yardeni
2026-01-22
GEOPOLITICAL CRISIS DIPS (BROAD EQUITIES)
bullish
Ed Yardeni · video
Geopolitical crises have historically proven to be buying opportunities as markets quickly price in moderation, making sell-offs short-lived and recoveries sharp
“Geopolitical crises are very often buying opportunities and it looks like everybody else knows that.”
Earnings melt up in stock market will bring equities higher, says Yardeni Research's Ed Yardeni
2026-01-13
MAGNIFICENT 7 / MEGA-CAP TECH
bearish
Ed Yardeni · video
Underweight Mag 7 because AI competition is forcing massive capital spending with uncertain returns, margin pressure from rivals (including custom chips from Google/AMD/Chinese firms), and the stocks represent 30-35% of S&P 500 concentration that has largely…
“I'm underweighting the Magnificent 7... there's a lot of uncertainty about how much is too much capital spending”
Pro Picks: Ed Yardeni’s Highest-Conviction Ideas for 2026
2026-01-13
HEALTHCARE SECTOR
bullish
Ed Yardeni · video
Overweight healthcare because big pharma's drying pipelines are driving an early-stage M&A boom into biotech, and once acquired innovations are leveraged the sector re-rates on improved earnings with low current valuations and dividend support
“we're in the early stages of a great M&A boom in the healthcare industry”
Pro Picks: Ed Yardeni’s Highest-Conviction Ideas for 2026
2026-01-13
BIOTECH SECTOR
bullish
Ed Yardeni · video
Biotech startups are acquisition targets for large pharma desperate to replenish pipelines, making the subsector a near-term beneficiary of the healthcare M&A wave
“right now it's benefiting the biotechs”
Pro Picks: Ed Yardeni’s Highest-Conviction Ideas for 2026
Ample global oil supply keeps downside risk alive despite geopolitical disruptions in Iran and Venezuela, warranting only a market-weight position
“I still think there's a lot of oil out there and I'm not convinced that the downside is over for oil”
90d -22.3% · 180d -22.4%
Pro Picks: Ed Yardeni’s Highest-Conviction Ideas for 2026
Big pharma pipelines are drying up forcing aggressive M&A of biotech startups, creating an early-stage M&A boom that first benefits biotechs then lifts large pharma as innovations are leveraged at scale
“we're in the early stages of a great M&A boom in the healthcare industry”
Pro Picks: Ed Yardeni’s Highest-Conviction Ideas for 2026
Precious metals and materials should continue to perform well given a highly stimulative combination of easing monetary policy and expansionary fiscal policy acting as a tag team
“monetary and fiscal policies are going to be a very stimulative tag team”
90d +7.8% · 180d -6.9%
Why Ed Yardeni is still bullish on stocks overall in 2026
Said again: 2026-01-13 (Ed Yardeni), 2026-03-10 (Ed Yardeni)
Google currently merits its valuation multiple among AI names, making it a relatively more defensible position within the AI trade
“Maybe Google does right now. I happen to own some personally”
90d -6.1% · 180d +14.8%
Why Ed Yardeni is still bullish on stocks overall in 2026
2026-01-02
Big Tech
bearish
Ed Yardeni · video
Valuation multiples on AI-related mega-cap stocks are likely to compress as investor fatigue grows and uncertainty about capital spending payoffs increases
“I'm not sure that these stocks merit this kind of valuation multiple”
90d +4.5% · 180d -18.6%
Why Ed Yardeni is still bullish on stocks overall in 2026
2026-01-02
BIOTECH / HEALTHCARE SECTOR
bullish
Ed Yardeni · video
Healthcare and especially biotech are underappreciated sectors that should perform well in 2026 as investors rotate away from crowded AI trades
“healthcare... we think that might be a sector that does reasonably well this year, especially biotech”
Why Ed Yardeni is still bullish on stocks overall in 2026
Consensus dollar-bear thesis is wrong because net capital inflows into the US remain near all-time records at $1.5T over the past 12 months, with equity inflows hitting a record $650B, indicating sustained foreign demand for US assets
“I'm not joining the dollar woebegones who are telling us it's going to go into a death dive”
90d +2.9% · 180d +3.2%
Why Ed Yardeni’s “Roaring 2020s” Economy & Markets Are Alive and Well
2025-12-16
AI / PRODUCTIVITY THEME
bullish
Ed Yardeni · video
Companies are deploying AI to boost workforce productivity rather than hiring, which should sustainably lift productivity growth above 2% and support corporate earnings
“companies are looking at artificial intelligence and trying to figure out whether that might increase the productivity of their current workforce”
Ed Yardeni finds the labor market ‘funky’
2025-12-16
FED RATE CUTS / SHORT-DURATION RATES
bearish
Ed Yardeni · video
The Fed will not cut rates next year because demand is strong and rate cuts would not address the structural skill-mismatch issues weighing on the labor market
“I don't think lower interest rates are really the solution for what's ailing the labor market”
Ed Yardeni finds the labor market ‘funky’
2025-12-12
FINANCIALS SECTOR
bullish
Ed Yardeni · video
As money rotates out of the Magnificent 7, financials are a preferred destination and have already been performing well, supporting continued overweight positioning
“more money goes into financials, industrials. Financials have done well”
'Mag 7' stocks starting to compete against each other, says Ed Yardeni
Said again: 2026-01-02 (Ed Yardeni), 2026-01-13 (Ed Yardeni)
2025-12-12
RUSSELL 2000 / SMALL-CAP STOCKS
bullish
Ed Yardeni · video
Investors rotating away from mega-cap tech toward smaller-cap stocks, evidenced by Russell 2000 hitting a record high, suggesting broadening market participation
“small cap stocks doing quite well with the Russell 2000 at a record high”
'Mag 7' stocks starting to compete against each other, says Ed Yardeni
2025-12-12
MAGNIFICENT 7
bearish
Ed Yardeni · video
AI is causing the Magnificent 7 to compete aggressively against each other, which compresses margins and reduces the earnings growth premium that justified elevated valuations
“they're starting to compete against each other pretty aggressively and so as a result I said maybe move into some other areas”
'Mag 7' stocks starting to compete against each other, says Ed Yardeni
2025-12-08
short MAGNIFICENT 7 / MEGA-CAP TECH AND COMMUNICATION SERVICES / long Big Tech
pair
Ed Yardeni · video
Rotating from Magnificent 7 (now 45% of S&P market cap with profit margins under attack from accelerating AI competition including DeepSeek and Google Gemini's TPU-based model) into the S&P 493, which will use the same technologies to expand margins without…
“broadening out a portfolio from magnificent 7 to the 493 makes sense to me”
Ed Yardeni, Ray Dalio Share 2026 Outlook on AI, Debt | Insight with Haslinda Amin 12/8/2025
Showing the 60 most recent of 112 tracked stances.
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