Position for longer-term inflation, investor says as stocks brush off higher consumer prices

That's because investors now know what to expect when it comes to inflation, Joule Financial's chief investment officer, Quint Tatro, told CNBC's"They are starting to understand that a lot of that is transitory" rather than permanent, Tatro said. "When ... you really understand the variables in play, ultimately, it's not all that concerning."

He noted that rising used car and truck prices contributed to May's uptick, a trend tied to manufacturing constraints caused by theBut while short-term inflation concerns seem overblown to Tatro, there are longer-term catalysts at play, he said. "We are seeing core inflationary concerns across the board, particularly in the wage inflation environment, so, we are already positioning more into the cyclicals, industrial-type names, value-type names," he said. "Longer term, the inflationary concerns are real and ultimately portfolios should be positioned accordingly."

The technicals appeared to support that thesis, Matt Maley, chief market strategist at Miller Tabak, said in the same "Trading Nation" interview.from last August to this spring, it is now the most overbought it has been on an intermediate basis since the mid-1990s, Maley said.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

European stocks and U.S. equity futures in holding pattern, as investors wait for ECB and U.S. inflationInvestors are unwilling to budge ahead of Thursday's U.S. consumer-price inflation data. gamblers not investors
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

UBS says buy these cheap stocks with pricing power amid higher inflationNew for subscribers: UBS says buy these cheap stocks with pricing power amid higher inflation. Check out CNBCPro today.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »