Bloomberg Surveillance Single Best Idea with Tom Keene: Ed Yardeni & Constance Hunter
May 12, 2026
Constance Hunter, chief economist who analyzes inflation and its political fallout. Ed Yardeni, seasoned economist and market strategist from Yardeni Research. They debate rising inflation readings, market resilience amid a wall of worry, and how option dynamics, earnings and geopolitics shape investment risks and policy choices.
AI Snips
Chapters
Transcript
Episode notes
Bull Market Riding A Wall Of Worry
- Markets climb a 'wall of worry' which is the healthiest form of a bull market right now.
- Ed Yardeni points to persistent bearishness, geopolitical concerns, and bond fears coexisting with strong earnings that thrust stocks higher.
Earnings Powering The Market Rally
- Earnings are the primary engine driving the recent sharp market rally despite many macro worries.
- Ed Yardeni describes the market as a 'rocket ship' propelled by strong corporate results even as sentiment remains cautious.
Simon White's Gamma Thread Highlighted
- Tom Keene gives a shout-out to Simon White for a viral piece on option gamma and market hedging behavior.
- He highlights gamma, delta, dispersion and correlation as key option-market mechanics that stood out.