Reported about 23 hours ago
Keith Lerner, co-chief investment officer and chief market strategist at Truist, advises investors not to overreact to July's unexpected rise in Producer Price Index (PPI) data, suggesting it does not fundamentally alter expectations for upcoming rate cuts. He notes that while the PPI indicates potential inflation, markets still show a high probability for rate cuts in September and emphasizes that new market highs are typically followed by positive returns, recommending that investors remain calm and focused on fundamentals.
Source: YAHOO