US MARKETS
The AI bull might have more room to run
If you’ve Googled “AI” and “stock market” this past year, you’ve seen the warnings: bubble bursting ahead.
But one strategist isn’t buying the panic.
Edward Yardeni, an economist from Yale who successfully called the 2020 market bottom, is betting that the bull market will keep climbing into the early 2030s.
His reasoning is surprisingly straightforward. The profits are rolling in. The US economy is resilient. And AI is a genuine productivity engine, proving to be a rising tide that lifts all ships.
By the numbers:
80%: The odds that this AI rally lasts into the early 2030s, according to Yardeni
10,000: The number of points the S&P 500 could reach by the end of this decade
138%: The S&P 500’s gain since the AI-era began on Dec 31, 2019
Roaring twenties: part 2
If you remember back to history class, the original Roaring Twenties didn’t end on a high note. And while Yardeni has more hope for the Roaring 2020s, it’s also not a guarantee.
Any number of factors like tariffs, war, inflation, or a geopolitical curveball could rattle Wall Street. Still, Yardeni thinks betting against the US is a losing game.
After all, the bull may buck. But this ain’t its first rodeo.
I like those odds! - TL