Market bounce back has to do with spending hyperscalers are planning: Yardeni Research's Ed Yardeni

• Massive AI capital expenditure by hyperscalers (e.g., Meta, Amazon, Alphabet, Microsoft) is a significant stimulus for the economy and markets.
• The U.S. economy has shown remarkable resilience, booming despite past challenges like the pandemic, supply chain disruptions, and Fed rate hikes.
• Increased competition among the 'Magnificent 7' tech companies is seen as a healthy development, leading to broader market participation and sustained innovation.

Ed Yardeni expresses a bullish outlook on financial markets, attributing the broad rally and economic resilience to massive AI-related capital spending by hyperscalers. He highlights the economy's ability to thrive despite past challenges and views increased competition among tech giants as a healthy, long-term positive for the market.