
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%.