Ed Yardeni

Will Next Year Be Another Good Year To Go Global?

Oct 13, 2025 4 min read paid

Go Global has outperformed Stay Home so far this year. Based on FTSE data, the US stock market index (up 11.8% ytd) has underperformed the World index (13.4%) so far this year in local currency (chart). Its underperformance has been worse in US dollar terms since the greenback has been weak this year. Among the outperformers this year, in local currency, have been South Korea (56.0%), Spain

Ed Yardeni
David Yardeni

ECONOMIC WEEK AHEAD: October 13 - 17

Oct 12, 2025 3 min read

As the latest episode of the “Trump versus Xi” series airs this week, it's perhaps fitting that the shuttered US government won't be releasing most key data for September. What happened last month, after all, may matter little if the two biggest economies engage in a trade war. The impact of the 130% tariff that President Donald Trump threatens to impose on China, effective November 1,

William Pesek
Ed Yardeni

MARKET CALL: Pullback, Correction, Or Meltdown?

Oct 12, 2025 3 min read paid

Trump Trade Turmoil hit the stock market hard on Friday as President Donald Trump raised the US tariff on Chinese imports from 30% to 130% in retaliation for China’s imposing severe export controls on its exports of rare earth minerals. This all happened ahead of a summit meeting between Trump and Chinese President Xi scheduled for later this month. On Friday, Trump said he might not attend, then changed

Ed Yardeni

DISRUPTIVE TECHNOLOGIES: Banks Learn New Tricks

Oct 10, 2025 3 min read paid

Banks are applying blockchain technology to traditional banking services, aiming to make them faster, cheaper, smarter, and more resilient. JP Morgan (JPM) is among the leaders through its Kinexys division, and the Society for Worldwide Interbank Financial Telecommunication (Swift) announced this week that it’s jumping on the bandwagon. Here’s a look at what these financial giants are doing: (1) Moving swiftly into the future Swift is working to

Ed Yardeni
Jackie Doherty

DEEP DIVE: Is The US Economy Shock Proof?

Oct 9, 2025 5 min read paid

The following is an excerpt from our Morning Briefing (Oct. 6, 2025) for institutional investors. US Economy I: ‘Resilient’ Is Still the Right Word Since a very short, two-month recession in early 2020, the US economy has continued to grow despite numerous shocks (Fig. 3 below). The pandemic hit the US economy during February 2020 and quickly led to the March and April lockdowns that caused a recession during those

Ed Yardeni

Data Centers: Too Much of a Good Thing?

Oct 8, 2025 5 min read

The lure of riches and tight capacity today has money flooding into the construction of artificial intelligence (AI) data centers. Data center construction—just the cost of building the building—has increased to an annual rate of $43.0 billion, up 30% y/y and 322% higher than $10.2 billion four years ago (chart). Add in the costs of chips and servers, and you’re talking about real money.

Jackie Doherty
Ed Yardeni

WEEKLY WEBCAST: Still Roaring

Oct 8, 2025 1 min read paid

Sunshine during my tour of the West Coast and in the stock market last week. But everyone’s on the lookout for signs of an AI bubble. Jeff Bezos has a positive take on bubbles that makes sense to us: They accelerate funding and hasten AI’s tremendous benefits. Revisiting the BRAIN Revolution and our long-standing confidence in technology and its positive impact on the economy. … Also: Pandemics, tangled supply

Ed Yardeni

Sweet Spot For Financials

Oct 7, 2025 3 min read paid

Today, Oracle disclosed that its AI cloud business—particularly server rentals using Nvidia chips—is yielding very slim profit margins. That news weighed on the stock market, especially on technology stocks. Oracle's stock price fell 2.5%. The Magnificent-7 declined 1.1%. Financial stocks also dropped today. They tend to have more leverage and cyclical exposure, so when sentiment sours, they often fall harder than some defensive sectors.

Ed Yardeni

Another Day Of AI Fun In The Sun For Semis

Oct 6, 2025 3 min read paid

Semiconductor stocks have certainly benefited from the AI boom. All those data centers being built will be filled with chips (chart). All those autonomous-driving vehicles will also be stuffed with chips, and so will humanoid robots. And they will all generate more data that will need to be processed. Today's AI winner was AMD. Shares of the chipmaker soared after the company announced a multibillion-dollar deal with OpenAI,

Ed Yardeni

GOOD MARKET CALL: Gold

Oct 6, 2025 3 min read

From time to time, we will review and update some of our good market calls. We hope this provides a helpful perspective on our approach to market forecasting. Today, let's review and update our thoughts on the outlook for gold: (1) We first turned bullish on the price of gold on April 7, 2024. We noted that it was breaking out above $2000 per ounce to new record

Ed Yardeni

ECONOMIC WEEK AHEAD: October 6 - 10

Oct 5, 2025 3 min read

This is a quiet week for key economic data releases, but it is even quieter due to the ongoing government shutdown. For financial markets, this informational void is equivalent to flying blind. That also applies to Fed officials who are undecided about the need to vote for a rate cut at the October 28-29 FOMC meeting. This week will offer investors insights into the internal dynamics of the September 16-17

Ed Yardeni
William Pesek

A Bubble In Bubble Fears?