Stocks are thankful for strong earnings season amid inflation

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 32 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 63%

Eric Freedman News

Inflation Data,Market Domination,Equity Markets

US Bank Asset Management Group CIO Eric Freedman joins Market Domination to discuss his outlook on equity markets (^DJI, ^IXIC, ^GSPC) as inflation is...

“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 currentanticipated 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 profits. “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.

So you want to be overweight domestic equities, Eric, maybe we'll start there, walk us through why you're constructive on, on, on the US stock market, Eric and, and where you want to be invested where you're seeing opportunity. So we think there's a difference between what's called tail risk hedging within commodities, which is when you have, you know, oil prices just rally massively where you see really out of control inflationary responses.We do think that again, with a lot of inflation data coming in next week, there's a potential for some downward pressure in the very near term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

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.

Brookfield Asset Management reports lower annual first-quarter profitBrookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Brookfield Asset Management reports Q1 profit down from year agoBrookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Brookfield Asset Management sees first-quarter profit drop, prepares to ramp up deal-makingCompany raised US$20-billion in the quarter and increased fee-related earnings
Source: globeandmail - 🏆 5. / 92 Read more »

Brookfield Asset Management reports Q1 profit down from year agoTORONTO — Brookfield Asset Management Ltd. says it earned US$102 million in its first quarter from its stake in the asset management business it owns with Brookfield Corp.
Source: SooToday - 🏆 8. / 85 Read more »

Brookfield Asset Management reports first-quarter profit down from year agoThe company says its net income in U.S. dollars amounted to 25 cents US per diluted share
Source: globeandmail - 🏆 5. / 92 Read more »