Market expert Ed Yardeni says this decade will be the "Roaring 2020s"-and he's very bullish on one of the following sectors

The early 2020s were characterized by economic turmoil and a pandemic that triggered a recession. However, the economy recovered quickly afterwards and continues to grow today.

Market veteran Ed Yardeni, president of Yardeni Research, argues that the last decade was on the verge of a major economic victory.

Don't miss it.

• Commercial real estate has been beating the stock market for 25 years - but only the super-rich can buy it. Ordinary investors can become owners of Wal-Mart, Whole Foods or Kronos.

• The Cost of Living in the U.S. Is Still Out of Control - No Matter What the Federal Reserve Board Does or Says, Protect Your Wealth Today with These Three "Real Assets"

• These 5 amazing ways to make money will put you on the 2024 U.S. Net Worth ladder - and you can do each step in minutes. Here's how it works

"I've been looking for analogies to previous decades, and I still think it's going to be the Roaring 2020s, kind of like the 1920s, which was a time of great productivity growth and great prosperity," Yardeni said in a recent interview with CNBC.

Whereas the aftermath of the last Roaring Twenties was far from prosperous, the stock market crash of 1929 marked the onset of the "Great Depression," a severe economic downturn characterized by massive unemployment and widespread poverty.

Yardeni acknowledged the historic outcome, saying, "Obviously, it didn't end well, but it was a good time in those good times."

Possibility of 60%

During the interview, host Becky Quick mentioned that we're "five years away," � using the analogy of the Roaring Twenties�, to which the market strategist responded affirmatively: The market strategist responded affirmatively, "Yes, absolutely."

Adeni thinks "there is still room for growth". However, he has two major concerns.

His first concern is a possible return to the 1970s, characterized by soaring oil prices and persistent "wage-price shifts" that led the U.S. Federal Reserve to raise interest rates. He sees this as a geopolitical risk.

The second worry is the possibility of a return to the "irrational exuberance" of the 1990s, which, according to Adani, "looks to be the case" in recent weeks.

More informationBaby Boomers Breaking the Bank Robert Kiyosaki Warns Older Americans Will Be Crushed in the 'Biggest Bubble in History' - 3 Shock-Proof Assets to Insure Immediately

Despite these concerns, Adeney remains optimistic about the outlook, and he has even calculated the changes that are likely to occur in the rest of the 2020s.

"If you asked me to calculate the probability, I would say there is a 60% chance of a boom in the 2020s, followed by 20% each in the 1970s and 1990s," he said.

Overweight this industry?

While Koon is cautious about the possibility of a return to the energy crisis of the 1970s, the changing dynamics of the energy market may present opportunities for investors.

In particular, he pointed out that "if the situation in the Middle East continues to deteriorate, the price of oil is likely to rise to US$100 per barrel".

He elaborated that oil prices could rise to the $100 mark "very quickly" if "there is a direct confrontation between Israel and Iran."

Given his analysis, it's no surprise that Yardeni emphasized energy as a key sector for investors.

"I would overweight energy at ......," he said." I've been recommending the energy sector for quite some time now. It's been a crap sector, but it's working well. I think there will be some profit-taking.

Next Page

• Auto insurance premiums in the U.S. are sky-high - and they're only getting worse. But for five minutes, you'll pay just $29 a month.

• Jeff Bezos and Oprah Winfrey invested in this asset to keep their wealth safe - and you might want to do the same in 2024!

• You don't have to invest like Warren Buffett to get rich - it's a simple technique that requires no more risk than Warren Buffett to get a higher return than he did.

This article is for informational purposes only and should not be construed as advice. No warranty of any kind is provided herein.