Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predicts

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Market will return to all-time highs with help from a group hit by the trade war, Wall Street bull Ed Yardeni predicts
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This group hit by the trade war could help stocks grab new all-time highs via (TradingNation)

Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year.

"I think it moves higher partly because there's a recognition that even companies that do business with China are going to find ways to deal with this escalating trade tension like moving some of their supply chains to other countries," said the Yardeni Research president Friday on CNBC's "Market volatility resumed Friday on reports of a stalemate between the U.S. and China on a resolution, and the major indexes ended the week in the red.

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