After reaching all-time record highs last week, sector indexes are in a tug-of-war to stay above these benchmarks; the S&P 500 (^GSPC) is holding above 5,300 while the Dow Jones Industrial Average (^DJI) rolls further back below 40,000. Yardeni Research President Ed Yardeni forecasts the Dow shooting up as high as 60,000 by 2030.
Yardeni sits down with sector Domination to discuss the multitude of factors that could either accelerate or derail sector development, including the higher borrowing charge rate environment sustained by the Federal Reserve.
“Usually recessions are caused by borrowing crunches and at this point, I don’t see something like that. But a spike in oil prices (CL=F, BZ=F) is something that from a geopolitical perspective, is still not out of the realm of possibilities here,” Yardeni notes to Yahoo money management. “Fortunately, the price of oil has actually moderated quite a bit ever since Israel and Iran launched missiles at each other and then kind of backed off. So I think there’s enough oil so we don’t get a kind of big spike the way we had in the 1970s.”
#youtube #shares #news
About Yahoo money management:
Yahoo money management provides free stock ticker data, up-to-date news, investment mix management resources, comprehensive sector data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at money management.yahoo.com
– Download the Yahoo money management app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo money management on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/firm/yahoo-money management
Disclaimer:
If you own the YouTube channel related to this video and do not want it to be featured here, you can contact us through our contact page. We will gladly remove it without questioning your reason