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In this podcast, economist Ed Yardeni provides an optimistic outlook for the financial markets heading into 2026, framing the current decade as the "Roaring 2020s." He discusses the resilience of the S&P 500, the shifting landscape of AI competition, and a bold long-term forecast for gold.

Market Performance and the "Santa Claus Rally"

• Current Trends: Yardeni notes that the S&P 500 is currently up 16.5% for the year, significantly outperforming its 10-year average of 12% [01:51].
• The Year-End Rally: Historically, November and December add about 4 percentage points to the S&P 500. He believes the "Santa Claus Rally" is well underway and unlikely to "melt away" before year-end [01:27].
• Successive Gains: He highlights that we are seeing a rare streak of double-digit annual increases: two years above 20% followed by a strong 2025. He expects a 10% increase in 2026, marking four consecutive years of double-digit gains [24:27].