Shortsighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'
Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, now thinks traders need to reconsider the economic fears they had in March. Investors should be worried about both higher inflation and the impact higher gas prices may have on consumers, he said. Samana added the reignited conflict is a reason to prepare for a larger drawdown in equities.
- ▪Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, now thinks traders need to reconsider the economic fears they had in March.
- ▪Investors should be worried about both higher inflation and the impact higher gas prices may have on consumers, he said.
- ▪Samana added the reignited conflict is a reason to prepare for a larger drawdown in equities.
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Sameer Samana, head of global equities and real assets at Wells Fargo Investment Institute, now thinks traders need to reconsider the economic fears they had in March. Investors should be worried about both higher inflation and the impact higher gas prices may have on consumers, he said. Samana added the reignited conflict is a reason to prepare for a larger drawdown in equities. Sosnick said that stocks on Thursday were also likely pricing in a tighter borrowing environment for companies. Chances for a rate hike by the Federal Reserve next week according to CME'S FedWatch tool are up to almost 38%, while odds for a hike at the central bank's September meeting are at more than 80%.
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