Yardeni Warns ‘Too Many Bulls’ Put Stocks on Cusp of a Pullback

Investors’ seemingly unshakeable faith that stocks can only go higher has one of Wall Street’s biggest optimists growing concerned that all the good vibes are waving a contrarian red flag. “There are too many bulls,” says perma-bull Ed Yardeni of eponymous firm Yardeni Research, after a torrid six-month advance that defied virtually every warning. With investors largely shrugging off Federal Reserve Chair Jerome Powell’s cautious stance on the odds of another rate cut in December, Yardeni’s now questionin ...