Long-time market bull Edward Yardeni is downplaying recession jitters.
The Yardeni Research president suggests investors who fear an economic downturn will miss out on a fresh run to record highs.
“The outlook for the economy remains positive,” he told CNBC’s “Trading Nation ” on Friday. “That should keep the stock market moving higher.”
Yardeni, who spent decades on Wall Street running investment strategy for firms including Prudential and Deutsche Bank, believes the stock market volatility over the past week was overdone. He’s confident stocks will ultimately withstand headwinds from abroad.
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