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Ed Yardeni says economies are recovering ‘pretty well’ from coronavirus

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A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City.

Noam Galai | Getty Images

The worst of the hit from the coronavirus pandemic appears to be over and markets could see a rebound in revenues from here, market veteran Ed Yardeni told CNBC on Tuesday.

“We do have weekly indicators that are pointing in the direction of a rebound in revenues,” he told CNBC’s “Street Signs Asia.” “We think that the second quarter was the bottom for both revenue and earnings.”

The president of Yardeni Research pointed to indicators like retail sales as well as new and existing home sales which have been “very strong.”

Last week, retail…



Source cnbc.com

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