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Benzinga
Benzinga
Business
Piero Cingari

Rate Cuts, Meltups, And Market Euphoria — Ed Yardeni Says It's 1999 All Over Again

wall street mid2

The Fed is set to lower interest rates again this year, but according to Ed Yardeni, the economy doesn't need the help—and the result could be a stock market meltup reminiscent of the late 90s tech frenzy.

In a note shared Monday, Yardeni said he's trimming the odds of a "Roaring 2020s" bull market scenario from 55% to 50%, while raising the probability of an even more bullish meltup from 25% to 30%.

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