Despite tariffs and geopolitical uncertainty, capital‑market expert Ed Yardeni warns that investors should not prematurely write off U.S. equity markets. He told Handelsblatt that the U.S. stock market has repeatedly proven its resilience in recent years, and that this trend is likely to continue.
Yardeni sees the current environment as a new “Roaring Twenties” – a period that mirrors the rapid rally of the 1920s. He predicts the S&P 500 will add roughly ten percent this year and could reach 10,000 points by 2029. He considers geopolitical crises that depress prices to be “buy‑in opportunities” and notes that the drivers of strong performance this year may differ from the tech‑heavy focus of past years.
On precious metals, Yardeni remains optimistic. He is contemplating raising his gold price target, which sits at $6,000 per ounce for the rest of the year. He projects that gold could climb to $10,000 per ounce by the end of the decade.
