Yardeni- US economy is faring remarkably well

“A lot of forecasters were anticipating an economy-wide recession by now. They were expecting that earnings would tank in the second-quarter. Earnings season has gone fairly well”

Yardeni also notes the market likely bottomed in October, as pessimism was at a level not seen since 2009.

Spending has slowed in the good sector, while picking up in services. We would agree- airports, restaurants, golf courses and hotels seem to be busy as ever…