Rob Arnott & Campbell Harvey on Why They Believe Inflation Hasn’t Peaked | #438
The Meb Faber Show - Better Investing
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Investing in Inflation
In times of inflation, what works? What should people be thinking about? That's exactly what my research looks like. And looking at different inflation surges. So thit's kind of obvious, lyke rob gave a a list of why an inflation surges bad for equities. It's also the case that different categories of equities are differentially impacted. If you look historically, the category that gets walloped is consumer durables. Whereas it may be intuitive that some other categories, like utilities or anything medical, is less vulnerable to inflation. Even within the equity category, there could be some sector rotation to dull the blow of inflation. As for fixed income, obviously it's almost mechanical
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