A U.S. recession expected for three years didn’t happen, he noted. If monetary policy tightening and geopolitical crises didn’t lead to a recession, he asked, what’s left?
Tariffs that may be imposed under President-elect Donald Trump are cause for concern but probably won’t cause a recession, Yardeni said.
Earnings depend on the economic outlook, “which looks great,” he added.
Yardeni considers the United States the world’s most investable market, citing, among other strong points, resilient U.S. consumers and capital spending that hasn’t been interest-rate sensitive.
