Market bull lists inflation as top risk, warns investors may get a ‘wake-up call’ this summer – CNBC
There’s an overwhelming risk that’s concerning long-time bull Phil Orlando right now.
Inflation, according to the Federated Hermes chief market strategist, could be stickier than the Federal Reserve anticipates. He warns it could spook Wall Street and put investors in the crosshairs of a turbulent summer.
“Inflation levels are going to keep rising,” he told CNBC’s “Trading Nation” on Friday. “That’s going to raise some questions. Is the Fed going to make a policy adjustment at an FOMC meeting or…
