Ed Yardeni believes the worst may be behind for global markets
Thu, Aug 8, 2024 12:04 PM

Ed Yardeni believes the worst may be behind for global markets

A Flip by Shubhangi Gupta
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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.

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