A U.S.-based hedge fund is predicting a hard landing scenario for stock markets despite a steady decline in inflation, with the S & P 500 falling into a bear market. David Neuhauser, chief investment officer at Livermore Partners, said that while the gradual decline in the inflation rate over the past year is a positive sign for the economy, he expects prices to remain stubbornly high for an extended period.
As inflation rises, companies serving the wealthy have outperformed as their customers are not as sensitive to price rises. The trend is also evident in the automotive sector. For example, Ferrari, which makes about 14,000 cars annually, is currently valued at 53 billion euros , compared to mass-market car maker Stellantis, which produces 6 million vehicles every year and is valued around 48 billion euros.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to invest, 4 stocks to buy now: top hedge fund managerAlex Roepers has nearly doubled the S&P 500's returns over 30 years by holding only a few stocks at a time. He told us how he nails the right picks — and detailed 4 bets he's making now.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »