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‘This is going to be one of the best Christmas seasons ever,' market bull Ed Yardeni says
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cnbc.comLong-time market bull Ed Yardeni is delivering a dose of optimism into year-end.
Yardeni, who's known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory.
«This is going to be one of the best Christmas seasons ever,» the president of Yardeni Research told CNBC's "Trading Nation" on Friday. «People are coming out of this pandemic still mentally, and they need to spend. And, I think they realize they have to spend now because if you get too close to Christmas, a lot of the merchandise may be out of stock.»
He expects a willingness to spend despite the inflation spike.
«Consumer confidence has been weak, and inflation has been eating into the wage gains,» said
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