Yardeni Research
- The stock market may have just bottomed, according to market veteran Ed Yardeni.
- Yardeni highlighted that the S&P 500 found support at its rising trend line that dates back to the March 2020 low.
- "Santa may be early this year," Yardeni said, alluding to the stock market's strong year-end seasonals.
Our chart of the day is from market veteran Ed Yardeni, which plots the S&P 500 since 2018 and highlights a key rising trend line that could be acting as support for the stock market.
Yardeni pointed to this chart in a Wednesday note to clients and argued that the stock market may have just bottomed.