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Yardeni Says US Stock Swoon Offers 'Great Buying Opportunity'

investing ideas :: 2025-04-04 :: source - bloomberg

By Abhishek Vishnoi

Source image: Pixabay

(Bloomberg) -- Investors should buy the dip in US stocks as the market is rebuffing President Donald Trump’s tariff policy amid fears of a recession, according to Wall Street veteran Edward Yardeni.

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A “great buying opportunity is being created here,” the strategist who coined the terms “Fed Model” and “bond vigilante” said in a Bloomberg TV interview, after US equities suffered their worst day in five years on Thursday following the tariff announcement. “The market is giving a big thumbs down to this tariff policy.”

The steepest increase in US tariffs in a century is fueling concerns economic growth will get hammered. The panic has spread to global markets with Asian shares falling to the lowest level in two months on Friday.

The president of Yardeni Research Inc. said Trump’s move will face a big political backlash, with a growth slowdown that may even factor into the midterm elections in 2026. Trump is going to “back off in a way that he can declare” a victory with some concessions from US trading partners in the next three to six months, he said.

Yardeni maintained his target of 6,000 for the S&P 500 Index, implying an 11% return from Thursday’s close. He continues to favor the so-called Magnificent Seven tech stocks, which include the likes of Apple Inc. and Nvidia Corp., and powered a rally in US equities before recently losing steam.

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