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Careful What You Wish for with Liz Young, Guy, Danny & Dan

RiskReversal Pod

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Is There a Stagflationary Environment?

I think people will once again find relative safety in Big Cap Pharma. If these CPI readings remain hot, I mean, one of the things that we're definitely going to see is kind of downward pressure on wage growth. We're looking at an S&P that's 3850 and it's still trading like 17, 18 times. And God forbid these inflation numbers come in anywhere close to being deemed hot. The problem that I know we face will be magnified tenfold.

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