CNBC: “Why Dow, S&P don’t seem as worried about inflation as everyone else”
By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "For Nick Colas, co-founder of DataTrek Research, all the comparisons between current inflation numbers and records from the past are interesting for market historians, but less relevant to the stock market outlook. Stock futures were muted ahead of the Fed on Wednesday....
....The bond market is not signaling an inflationary environment that is here to stay and Colas is willing to bet that the bond market is a better bettor right now than Jamie Dimon.
“Treasury yields are not wrong,” he said. “If you think [inflation] will come roaring back don’t be in bonds, don’t be in stocks"....
Read the full article here on CNBC!
