Dear Hedgeye Nation,
We just hosted nine of the sharpest investing minds on HedgeyeTV for a 3-day bonanza of world-class interviews. During the first day of our semiannual Hedgeye Investing Summit, Hedgeye CEO Keith McCullough was joined by Chief Investment Strategist at Charles Schwab, Liz Ann Sonders.
Below is a brief excerpt and transcript from the interview. You can access the entire hour-long interview, as well as the 8 other financial market webcasts, by registering here.
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In this clip above from the first day of Hedgeye’s Investing Summit, Hedgeye CEO Keith McCullough takes a deep dive into market correction management and the current outlook for stagflation and deflation, with your favorite strategist Liz Ann Sonders (Chief Investment Strategist at Charles Schwab).
“I think that #Quad4 by the middle of next year against those base effects is a mathematical certainty. It’s just whether or not the markets interpret it as much,” notes McCullough.
Transcript
McCullough: You see that the most likely outcome for 2022 being stagflation Quad 3 or deflation Quad 4? Pick a quad. I mean, what do you think it's going to be?
Sonders: I you know, it could even be an environment where it's both. Where if some of these supply chain bottlenecks maintain that that sort of upward pressure on traditional inflation metrics and still wide spread between measures like PPI and CPI that could carry into 2022.
I think whether it's the the number of container ships sitting off the ports, the fact that even though there are plants that are starting to come online, new plants in terms of semiconductors, a lot of the estimates for when that problem starts to unclog continue to get pushed out into the second part of 2022. So I think I think the next year could be a year that has both of those stories.
