- Veteran strategist Ed Yardeni, who is usually known for his bullish predictions, thinks US stocks are overvalued right now, citing rising tensions with China, and spiking coronavirus cases.
- He told CNBC: "We've had a melt-up and that's very visible in valuation multiples. Stocks are not cheap."
- "Valuation is certainly a concern in the US. It's got me thinking whether it's time to go global during this bull market," he said.
- US-China tensions have risen in recent weeks over the future of Hong Kong, while coronavirus runs rampant across the country.
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Veteran strategist Ed Yardeni, who is usually known for his bullish market predictions, has a very different message this time.
Yardeni warned that US stocks are overvalued and could face a shock if COVID-19 cases continue to surge and ripple across the US, and tensions with China accelerate.
See the rest of the story at Business Insider
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