Wall Street veteran Edward Yardeni says this time the Federal Reserve is unlikely to give the market any more liquidity should financial assets take a deep dive. But that won’t stop stocks from heading higher.
“We’ve had four taper tantrums since 2013,” Yardeni, president and founder of Yardeni Research, said on Bloomberg TV’s Surveillance Tuesday, referring to market turmoil when the central bank tries to tighten monetary policy. “We had one in May of 2013, another one in early 2016, one right before Christmas in 2018, then this one. This one is a work in progress.”