Wall Street's major bull Ed Yardeni: Even with bonds falling, it's time to buy stocks, and the S&P 500 is expected to hit 6500!

Led Yardeni, a well-known economist and mostly leader, is optimistic about the market, believing that even as bond yields climb, the resilience of the US economy and certain factors are expected to support the stock market to challenge new highs. (Summary: Trump suspends the extension of "50% tariffs on the EU" to 7/9, and U.S. stocks and bitcoin rebound 109,000 magnesium) (Background supplement: rich dad warns of "the end of the world is coming": no one buys U.S. bond auctions, bitcoin will rush $1 million) The U.S. financial market has recently made waves due to the recovery of bond yields, especially the long-term treasury bond yields have broken through the key level, causing widespread concern among investors, and the stock market has also fluctuated. However, Ed Yardeni, president of Yardeni Research and a well-known economist, was optimistic in an exclusive interview with CNBC at a time of turbulent market sentiment. He stressed that despite bond market pressures, the strong fundamentals of the U.S. economy and specific bullish factors are expected to support the stock market to extend its rally and even challenge higher targets, which may be a good time to buy stocks. Bond yield volatility market anxiety Rising bond yields are undoubtedly the core issue of the current market. Ed Yardeni pointed out that the anxiety in the market is mainly due to the key psychological level of the 30-year US Treasury yield breaking through 5%. In contrast, he described the trend of 10-year yields as relatively "calm", with the market having previously priced in a 25 basis point range of 4.5% fluctuations he expected. However, the sharp rise in the yield on 30-year Treasury bonds has caused more concern. According to Yardeni, this phenomenon may be partly related to the potential risk of U.S. overseas markets, especially Japanese sovereign debt. At the same time, the results of the auction of 20-year Treasury bonds are not very satisfactory, which also reflects that there is indeed pressure in the bond market, adding uncertainty to the stock market. Economic Resilience: Consumption and Investment Despite the challenges posed by the bond market, Ed Yardeni remains confident about the outlook for the U.S. economy and equities. He said the U.S. economy, consumer spending and corporate earnings will show resilience that exceeds market expectations to offset other negative factors. He elaborated that there are two key factors underpinning economic resilience, the first being huge consumer spending. In particular, Yardeni mentioned that the retired baby boomers, who have a net worth of up to $80 trillion and about 17 million people, are the most affluent group in history, and their active consumption has injected a strong impetus into the economy. The second is ongoing capital expenditure. He pointed out that after the current President Trump's policies successfully attracted a large amount of capital back to the United States for investment, corporate capital spending was particularly strong, with investment in the technology sector accounting for more than half of the overall capital expenditure. S&P 500 price target raised Ed Yardeni believes that as long as the resilience of the US economy continues, the stock market should be able to hold on to its current gains and absorb some of the impact of rising yields. He repeatedly adjusted his year-end target for the S&P 500 based on market dynamics. At the time of writing, the S&P 500 was around 5802 points. Yardeni set a target of 7,000 points earlier this year, but later revised it down to 6,000 points due to potential tariff issues. However, considering Trump's policy shift of announcing a 90-day moratorium on tariffs on most Chinese imports, he once again raised the year-end target of the S&P 500 index to 6500 points. At the same time, he lowered his forecast for a U.S. recession to 25 percent from 35 percent, underscoring his growing confidence in the economic outlook. Related Stories Japanese Bond Crash? The 40-year yield "broke through 3.6%" to hit an 18-year high, experts warn: the perfect storm is coming, Buffett is also panicking? Berkshire Hathaway's 90 billion yen bond "hit the smallest record in history", and the Japanese stock index fell by 1,000 points [Wall Street majority Ed Yardeni: Bonds fall should also buy stocks, S&P 500 is expected to hit 6500! This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".