Finance

Investors haven’t grasped inflation is dead ahead, Mark Zandi warns

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Investors may want to hold on even tighter.

Moody’s Analytics Mark Zandi believes Wall Street is significantly underestimating the seriousness of an inflation comeback, and he warns it will affect every corner of the market — from big tech to cyclical trades.

“Inflationary pressures will develop very quickly,” the firm’s chief economist told CNBC’s “Trading Nation” on Friday. “I don’t think there’s any shelter here.”

Yet, recent inflation jitters on the Street got a reprieve on Friday with the major indexes ending the week on a positive note. The bullish activity came as Treasury yields eased.

The S&P 500 is now just 3% from its record high while the tech-heavy Nasdaq gained 1.55% for its…



Source cnbc.com

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