A party like 1999? The strategist warns that the “blue wave” should keep the “bull market in everything” alive for some time, but that may change quickly.

As for the timeline in which it could turn out for the worse, Yardeni, a longtime Wall Street strategist, said the rise of the wider market should have some legs for some time.

“In the first half of this year, it is likely that the blue wave will continue to the upside,” he said. We’ll get more government spending. We’ll have the Fed at the forefront of much of that government spending through quantitative easing. I think interest rates will remain very low. ”

But this may change rapidly as the US economy begins to recover from the epidemic. “In the second half of the year, we may be in anticipation of some consumer price inflation that will not be good for assets with an overvalued value,” Yardeni said.

Watch the interview:

There are no signs of melting Sunday night, with futures on the Dow Jones Industrial Average YM00,
-0.56%And the
S&P 500 ES00,
-0.58%
NASDAQ Composite NQ00 High Tech,
-0.53%
All this indicates a slow start to the week.