by Tyler Durden
Friday, Apr 30, 2021 - 02:55 PM
During an appearance on CNBC Friday morning, hedge fund titan Leon Cooperman insisted that he believes staying long is the only option for equity investors so long as the Fed keeps interest rates on hold.but that once the market has a reason to sell, traders can expect a tumultuous wave of selling on par with the declines seen in March 2020.
Cooperman, who started speaking just as the latest personal income data revealed that one-third of income during the period came from the government, declared that I don t see the condition for a big market decline presently - however, and this is the big however - we should recognize that we re pulling demand forward and the long term outlook isn t particularly favorable in my view.
U.S. companies are worried about inflation, equity investors less so
A growing chorus of U.S. companies are raising concerns about the rising costs of everything from labor to components, yet stock investors appear unfazed by the prospects of higher inflation as the economy bounces back from the coronavirus pandemic.
Amid the economic rebound, companies ranging from Boston Beer Company Inc to toymaker Mattel Inc to appliance maker Whirlpool Corp have told investors that they expect the impact of higher costs on their businesses to be significant in the months ahead.
Overall, the number of companies which have mentioned inflation on their recent earnings calls is up compared with the year before for the first time since 2018, according to Bank of America Merrill Lynch.
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Analysis: U.S. companies are worried about inflation, equity investors less so
By David Randall
Reuters
NEW YORK (Reuters) - A growing chorus of U.S. companies are raising concerns about the rising costs of everything from labor to components, yet stock investors appear unfazed by the prospects of higher inflation as the economy bounces back from the coronavirus pandemic.
Amid the economic rebound, companies ranging from Boston Beer Company Inc to toymaker Mattel Inc to appliance maker Whirlpool Corp have told investors that they expect the impact of higher costs on their businesses to be significant in the months ahead.