Steve Eisman of "The Big Short" fame said Thursday that the stock market rally can carry on as long as the economy stays healthy. "This is the most anticipated recession that so far has never happened, so people are chasing it," Eisman, senior portfolio manager at Neuberger Berman, said on CNBC's " Fast Money ." "It's starting to feel a little manic.
The latest inflation reading could give the Federal Reserve some breathing room as it looks to bring down inflation that hit around 9% on an annualized basis in June 2022, the highest since the early 1980s. "The data is still very, very strong. The Fed keeps raising rates; it hasn't had an impact. Until it has an impact, we'll keep chugging along," Eisman said.
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