Ed Yardeni

Trump Wins and the Bond Market Suffers

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Donald Trump’s promises to unleash massive infrastructure spending and gigantic tax cuts seem to be spooking the bond market. Lost in the post-election stock market euphoria is the fact that the bond market has suffered a dramatic wave of selling that is rare in recent history. It’s sent interest rates on U. S. bonds spiking, … Read more

Wall Street Welcomes Trump With A Bang

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That didn’t take long. An overnight panic in global markets evaporated as Wall Street gave an emphatic welcome to President-elect Donald Trump. The Dow soared 257 points and brushed up against lifetime highs on Wednesday, in defiance of those who predicted Trump’s election would bring about a plunge in the stock market. The S&P 500 … Read more