Reported about 19 hours ago
Megan Horneman, chief investment officer at Verdence Capital Advisors, expresses concerns about the potential for increased inflation despite recent positive data from the Producer Price Index (PPI). While noting moderation in services and food inflation, she highlights the importance of the upcoming Consumer Price Index (CPI) report, warning that renewed economic growth from interest rate cuts could reignite inflation pressures. Horneman believes the market is overly optimistic, particularly regarding large-cap growth and technology stocks, as it may not be considering the risks of inflation this year.
Source: YAHOO