Why did the Fed print so much money? Thomas Hayes on valuations, and best stock sectors

While the Federal Reserve may not let inflation to run hotter than 3% on a persistent basis, long-term, the economy will unlikely return to a disinflationary environment, said Thomas Hayes, managing member of Great Hill Capital.
“[The Fed] won’t let it get away from [3%], they’ll raise rates ahead to pre-empt it. Certainly, I don’t think we’re going to see a sub-2% [inflationary] environment like we’ve enjoyed for the last 20 years,” he said.
Hayes said that only certain equity market sectors will continue to outperform at this point. (show less)

While the Federal Reserve may not let inflation to run hotter than 3% on a persistent basis, long-term, the economy will unlikely return to a disinflationary environment, said Thomas Hayes, managing member of Great Hill Capital.
“[The Fed] won’t let it get away from [3%], they’ll raise rates ahead to pre-empt it. Certainly, I don’t think we’re going to see a sub-2% [inflationary] environment like we’ve enjoyed for the last 20 years,” he said.
Hayes said ... (read more)

Market Analysis

Market Analysis
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