US money institution Asset Management Group CIO Eric Freedman joins sector Domination to discuss his outlook on equity markets (^DJI, ^IXIC, ^GSPC) as inflation is anticipated to remain high.
“It’s really that broadening out effect that we think is gonna take hold as we get deeper into this quarter,” Freedman explains. He points to current robust corporate revenue and widespread gains from earnings as good indicators for the sector.
Despite inflationary pressures anticipated to accelerate, Freedman isn’t particularly worried. He says he expects inflation to increase at levels that will not cause a significant impact on corporate revenue. “With a lot of inflation data coming in next week, there’s a potential for some downward pressure in the very near term,” he adds.
“We think that owning commodities makes some sense and still owning shares alongside commodities is a way for customers to be participating in both phenomena,” Freedman tells Yahoo money management’s Josh Lipton and Julie Hyman.
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