Trump's 'Humongous' Tax Refunds Could Spook Markets, Risk Rattling Bond Yields, Warns Ed Yardeni - SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-12-30 09:16

Ed Yardeni predicts the “Roaring 2020s” stock market rally will persist through 2026, but he warns that aggressive fiscal stimulus from the Donald Trump administration poses a significant risk to the economic outlook.Waking Bond VigilantesIn a recent interview, Yardeni highlighted a potential collision between government spending and the bond market. He noted that Trump and the Treasury Secretary Scott Bessent have promised “humongous refunds” for taxpayers, potentially retroactive to the beginning of the y ...