Squawk on the Street SOTS 10AM: Fed, Tech, and Trade: Separating the News from the Noise 10/30/25
Oct 30, 2025
Ed Yardeni, President of Yardeni Research, shares insights on the influence of Fed policy and tech earnings on market direction. He discusses expectations for a Santa Claus rally despite internal dissent from the Fed. Meanwhile, David Baszucki, co-founder of Roblox, reveals impressive user growth and 70% bookings increase despite temporary margin pressure. He underscores robust safety measures for younger users and a visionary approach to AI-driven content creation on the platform.
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Xi-Trump Meeting Was A De-Escalation, Not A Deal
- Eamon Javers frames the Trump-Xi meeting as de-escalation, not a comprehensive trade deal.
- He emphasizes many key items, like TikTok and chip exports, remain unresolved.
Bull Case Hinges On Earnings And Sentiment
- Ed Yardeni argues earnings strength and AI momentum support the bull case despite narrow leadership.
- He warns sentiment is too bullish and expects a short-term pullback before a year-end rally to 7,000 on the S&P 500.
Fed Showing Increasing Internal Divergence
- Yardeni highlights a split Fed where two members dissented in opposite directions at the recent meeting.
- He suggests the Fed may be entering a pause mode rather than committing to December cuts.