Is the Market Still Climbing the Wall of Worry? (With Dr. Ed Yardeni)

In this conversation, Liz Ann Sonders interviews Dr. Ed Yardeni, president of Yardeni Research. They discuss this unique economic cycle and the concept of rolling recessions. Ed explains his optimism in the face of widespread pessimism about an impending recession. Yardeni also introduces the idea of "Postmodern Monetary Theory" and its impact on the economy. He emphasizes the importance of the labor market, employment numbers, and consumer spending in preventing recessions. Yardeni discusses the role of productivity and artificial intelligence in shaping the future economy and he highlights concerns about market sentiment and potential risks, such as geopolitical crises and inflation.

Finally, Kathy and Liz Ann offer their outlook on the coming week's economic data.

You can learn more about Dr. Ed Yardeni on his website, Yardeni.com

On Investing is an original podcast from Charles Schwab. For more on the show, visit schwab.com/OnInvesting.

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