Yardeni Says September Stock Weakness May Offer Buying Opportunity Ahead of Year-End Rally

Yardeni Research said the stock market’s seasonal weakness in September could offer a buying opportunity ahead of a year-end rally.

Citing Walter Bloomberg on September 2, the firm said rising bond yields, elevated oil prices and the possibility of another interest-rate increase are weighing on equities. Still, it said yields are normalizing rather than surging to dangerous levels.

Yardeni also pointed to the resilience of the U.S. economy as a positive factor. Major indicators, including consumer spending and manufacturing activity, continue to show solid momentum.

The firm maintained its bullish view on stocks, citing the Atlanta Fed’s GDPNow model, which forecasts U.S. third-quarter growth of 4.8%.