Don't underestimate the resilience of economy and the consumer, says Ed Yardeni
Speakers
Ed Yardeni
— President, Yardeni Research
Summary
Ed Yardeni discusses his bullish outlook on the S&P 500, raising his target to 8250. He cites phenomenal earnings, resilient economy and consumer, and productivity gains from AI. He also covers labor market dynamics and the impact of Washington policies.
- Yardeni raises S&P 500 target to 8250 for 2026.
- He highlights Q1 earnings as 'gangbusters' and analysts raising estimates.
- He emphasizes resilience of the economy and consumer as key drivers.
- He attributes strength to productivity gains from AI and technology.
- He notes corporate cash flow and profits at all-time highs.
- He sees the Big Beautiful Bill as stimulative for businesses and consumers.
- He argues the labor market is in equilibrium with no wage-price spiral.
- He believes AI will create jobs on net, not destroy them.
Trade Ideas
S&P 500 to 8250 on earnings strength
He is bullish on the S&P 500, raising his year-end 2026 target to 8250. His rationale: earnings estimates are phenomenal, Q1 earnings gangbusters, analysts raising estimates for 2nd/3rd/4th quarters, forecast 23% earnings growth, economy and consumer resilient, productivity gains from AI and technology (Roaring 2020s), and corporate cash flow/profits at record highs. He also cites deregulation, the Big Beautiful Bill stimulus, and supply chain reshoring.
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This CNBC video, published May 11, 2026, features Ed Yardeni discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Ed Yardeni · Tickers: SPY