The market is back in a 'meltup' with the forward P/E at 21-22x, but the speaker hopes earnings beats in Q2 will give it more substance rather than leaving valuation 'full of air.'

factualpending

Speaker

Ed Yardeni

Evidence Quote

starting to feel a little bit like uh maybe a lot like we're in a meltup situation again.

Source

Trump & Bessent Versus Powell & The Bond VigilantesEd Yardeni
Created: 6/18/2026, 2:32:16 PM

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