Despite tariffs and geopolitical uncertainties, investors should not be tempted to book early losses on U.S. equity markets, says market‑theorist Ed Yardeni. He told “Handelsblatt” that the U.S. markets have repeatedly proven their resilience in recent years, and that this trend is expected to continue.
Yardeni sees the current environment as a new “roaring twenties” for U.S. equities, echoing the rapid rally of the 1920s. He expects the S&P 500 to rise by roughly 10 % this year and projects the index could reach 10 000 points by 2029. He ranks among the most bullish economists on Wall Street. Geopolitical crises that push prices lower, he argues, should be viewed as buying opportunities rather than threats.
The drivers of the rally, according to Yardeni, could differ from last decade’s tech‑heavy dominance; other sectors may gain prominence this year.
Gold remains a positive for the analyst as well. He’s considering raising his price target, currently set at $6 000 per ounce through the end of the year. He believes the metal could climb to $10 000 per ounce by the decade’s end.