Potential Republican Sweep Sparks Optimism for Wall Street's Future
Market veteran Ed Yardeni predicts a potential extension of a "Roaring 20s" era on Wall Street into the 2030s following a Republican sweep in U.S. elections, with expectations of lower taxes and deregulation boosting economic growth. Despite a strong start to the decade, Yardeni warns of possible inflationary pressures and geopolitical risks. While some analysts share his optimism, others, like PIMCO's Dan Ivascyn, caution against potential economic overheating under a second Trump administration.
