Ed Yardeni has suggested that the stock market may be nearing a bottom, supported by improving economic indicators. The Chicago Fed national activity index's three-month moving average is in growth territory and above expectations, while the US Composite PMI is also in expansion, exceeding estimates. Additionally, the Citi US Economic Surprise Index is showing signs of recovery, climbing back into positive territory, which has led strategists from firms like JPMorgan and Evercore ISI to express increased optimism regarding US equities. Tom Lee of Fundstrat noted that a close above 5,703 for the S&P 500 could confirm a rally, attributing this potential upturn to geopolitical relief, particularly as tariff fears have eased following hints from former President Trump.