Yardeni believes the recent "pausing tantrum" in financial markets, sparked by a hawkish rate cut, marks the start of the expected market correction. He points out that overly optimistic rate cut expectations for 2025 could be driving excessive bullish sentiment. This correction may last into January, with concerns over a government shutdown, a longshoremen's strike, tariffs under a potential Trump 2.0, and delayed tax-related profit taking. Despite these short-term challenges, Yardeni maintains a 7000 target for the S&P 500 by the end of next year.