Saturday, February 11, 2023
HomeLife InsuranceWaning Inflation Might Result in Market Rally: Invesco Director

Waning Inflation Might Result in Market Rally: Invesco Director

Moderating inflation and its seemingly impact on the bond market bode properly for U.S. shares, Ben Gutteridge, director of Invesco’s Mannequin Portfolio Service, instructed Friday.

The present U.S. inventory market valuation is “fairly properly supported right here on the again of what’s occurring on the lengthy finish of the bond market,” he stated on CNBC’s Squawk Field Europe.

“The inflationary challenges do appear to be receding,” Gutteridge stated. “It might be tempered by some hawkish commentary right here and there from central banks, from the Federal Reserve, however in the end I believe the inflationary challenges are moderating, and really are development challenges as properly, and that ought to permit bond yields to be capped in and round the place they’re, might even drift just a little decrease from right here, and that will be excellent news and helps the U.S. inventory market valuation.”



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments