This morning on The Call @ Hedgeye Financials analyst Josh Steiner and CEO Keith McCullough dug into our call on inflation remaining higher for longer, and the outlook this gives investors on rate cut expectations for 2024.
In an annual shareholder letter, JPMorgan Chase CEO Jamie Dimon laid out his reasoning behind inflation remaining high in the coming years.
“I don’t find flaws in the inflationary impact of any of those points. That does largely corroborate with our higher for longer framework,” explained Steiner.
Rate cut expectations have taken a beating, and inflationary asset classes are gaining steam.
“Investors that are in our seats need to really figure this out, because if they haven’t so far this year, they’ve been absolutely smoked,” said McCullough.
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