Known as a Wall Street prophet and one of the most famous bulls, Ed Yardeni, president of Yardeni Research Inc., has recently seen a subtle shift in views on US stocks. The firm bulls, who predicted that the S&P 500 would hit 7,000 points, now said, “We cannot rule out that the bear market may have quietly begun.” He further stated, “Trump's tariff 2.0 could trigger a rare flash crash similar to those in 1962 and 1987. This type of crash usually comes quickly, and reversals are just as fast, so this may provide investors with the opportunity to buy on dips, especially stocks that are overvalued but have recently declined.” Notably, Yardeni has raised the possibility of the US recession and the stock market entering a bear market from 20% in the past to 35%, and lowered the probability that the bull market will continue in 2025 to 65% from 80% previously anticipated.

Known as a Wall Street prophet and one of the most famous bulls, Ed Yardeni, president of Yardeni Research Inc., has recently seen a subtle shift in views on US stocks. The firm bulls, who predicted that the S&P 500 would hit 7,000 points, now said, “We cannot rule out that the bear market may have quietly begun.” He further stated, “Trump's tariff 2.0 could trigger a rare flash crash similar to those in 1962 and 1987. This type of crash usually comes quickly, and reversals are just as fast, so this may provide investors with the opportunity to buy on dips, especially stocks that are overvalued but have recently declined.” Notably, Yardeni has raised the possibility of the US recession and the stock market entering a bear market from 20% in the past to 35%, and lowered the probability that the bull market will continue in 2025 to 65% from 80% previously anticipated.