8/8/2024, 12:04:03 pm

Ed Yardeni believes the worst may be behind for global markets

The worst may be over for the global equity markets, says Ed Yardeni, President of Yardeni Research. The unwinding of the yen carry trade affected the US market and had a ripple effect on other markets earlier this week. Carry trade is a transaction where an investor borrows in a low-interest-rate currency (like the yen) to invest in higher-yielding assets.