Sell-off similar to Black Monday in 1987, but it should pass: Yardeni

Stocks (^DJI, ^IXIC, ^GSPC) are taking a beating Monday morning as tech sell-offs drag down the major market indexes and volatility (^VIX) spikes higher. Is July's disappointing employment data mainly to blame?
Yardeni Research President Ed Yardeni joins The Morning Brief to discuss how the unwinding in equity markets, especially overseas like in Japan's Nikkei 225 (^N225), is reminiscent of 1987's Black Monday, but not entirely indicative of a recession.
"And I don't think this, what we're seeing here is attributable to an imminent recession or that we're in a recession now. I think this too shall pass and I think the economy is going to prove to be surprisingly resilient," Yardeni says, commenting on whether this may incentivize the Federal Reserve to push through an early interest rate cut or wait until September.
#youtube #stockmarket #stocks

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[Angelavaldess]

I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $46, 000 outside funds in my IRA to invest. Pls how do I take advantage of this?

[Dantursi]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?

[tonmaria]

💖 Big thanks for the insights into FET and NVDA84Y. Both seem like solid picks for the future 💖

[wandellanaila]

Bought NVDA84Y after watching your video, super excited! 💰

[olllloollllo]

The people that never predict downturns now all of a sudden know what’s going on.

[FrankBoso]

nothing like 1987....the market was down 20% in one day!

[firstlast]

When I found out Buffett was selling everything I sold everything this morning got out completely

[mahernajjar]

Is this guy blaming the weather for unemployment?! Am I misunderstanding

[nickvin]

Smart, put the guy on who just said 3 days ago the market would stay hot all year.

[ScottAllenFinance]

This guy is a zombie. It's nothing like 1987...except if you consider that WALL STREET TRICKERY is responsible for both. I hate this system and these braindead grifters spinning these ignorant narratives.

YOU GUYS DID THIS. PERIOD.

[Kkkjjjjjiiii]

Yahoo, nothing to see here, don't worry, economy's great. Make sure to vote the first black woman into office in November who has accomplished nothing.

[LWRC]

This should be a great time to BUY strong stocks ! ! !

[KayFabe]

The market didn't just start tanking today (Aug 5). It did a sudden reversal once the cackling one was elevated to nominee status despite not receiving a single vote in any primary.

[michael-qpxd]

This guy here very mixed. First saying this too shall pass by end of week and not a recession coming. Then later says fed to cut maybe by 50 basis points. So then fed cutting by 50 points - this is very dire and fed sees a recession coming and trying to turn or brake so not to crash but this with cut no guarantee to stop recession. So this guy pretty much clueless.

[prolific]

Yardeni trying his hardest to prop up the market 🤣

[JWLuke]

If they cut in September, Christmas will be ruined

[samushunter]

Job market not gonna get better overnight so this may last for a while. Last time I checked companies are still laying off people by the thousands.

[jessicathinkscreative]

Speculation with the Yen ( Japan) by investors and purchases of stocks in Brazil 🇧🇷 lead to the market tanking.

[stevemelton]

Didn’t the BLS say the employment report was not effected by the weather

[harveypost]

Everything passes i just passed a stool..