Tuesday, May 7, 2024 | 10:10 AM - 10:40 AM PDT

A Replay of the 1990s?

Investors are less concerned about an imminent recession so far this year than they were over the past two years. They are also less worried about inflation. Might this set of circumstances unleash a bout of irrational exuberance in the stock market, similar to what happened in the 1990s? That was a tech-led meltup that was followed by a tech-wreck meltdown during the early 2000s. There are similarities and differences between now and then. 

Edward Yardeni
President
Yardeni Research, Inc.

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