Surveillance: Bull Market with Yardeni
Bloomberg Surveillance
XUS, Is This a Cyclic Story?
If you look at earnings this year, it looks kind of similar to last year with energy leading and technology at the bottom. I think short term you're going to get a rebound in a lot of these areas because of China reopening. The amount of demand for areas such as copper and cobalt nickel is also being driven as we shift to using more and more renewable energy. And if you look at the supply of copper, even in the US, we've been cutting supply for the last 25 years. But XUS, this market right now is not screaming recession.
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