Stifel's Barry Bannister fears sticky inflation and higher rates will hurt stocks, as Wells Fargo's Wren ponders if we should "sell in May and go away."
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Low inflation had spoiled U.S. investors for so long that last year’s sudden surge came as a shock. As those who lived through the late 1970s and early 1980s can attest, inflation can be a “portfolio killer” because it erodes purchasing power. Inflation revved up to 7% in December compared to the year prior, the .