Part 2/7:
Yardeni reflects on how the U.S. economy has proven its resilience over the past three years, despite significant tightening in monetary policy. The Federal Reserve had raised rates dramatically, moving from virtually 0% to around 5 to 5.5%. Rather than leading to an anticipated recession, the economy has continued to display strength. This resilience is vital for Market performance, leading Yardeni to confidently project that market heights could be reached as early as this year.