Record rally putting stocks at risk for 20% meltdown, Ed Yardeni warns

Record rally putting stocks at risk for 20% meltdown, Ed Yardeni warns

Edward Yardeni is questioning the market’s win streak. The long-time bull believes the record rally will take a breather because valuation multiples are getting back to nosebleed altitudes. “I’m concerned about a possible melt-up here,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. “I’ve been shooting for 3,500 for the S&P 500 by … Read more…

Battle against Brexit has not ended and Johnson’s plans could still ‘implode’, says Ed Davey

Battle against Brexit has not ended and Johnson’s plans could still ‘implode’, says Ed Davey

The battle against Brexit has not ended with Boris Johnson’s emphatic general election victory, Liberal Democrat interim co-leader Sir Ed Davey has said. While accepting that the prime minister now has the votes in the Commons to get his withdrawal agreement through by 31 January, Sir Ed insisted that this will not mean Brexit is “done”. … Read more…