The Crosscurrents of In/De-Flation – Part 2 Equity Analysis

The Crosscurrents of In/De-Flation – Part 2 Equity Analysis

Michael Lebowitz, CFA Michael Lebowitz, CFA

Michael Lebowitz, CFA

Portfolio Manager RIA Advisors, Author Real Investment Advice, Partner SimpleVisor

发布日期: 2020年5月27日
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The current environment is deflationary, but what matters for investors is what will happen to prices tomorrow. Because monetary stimulus and economic activity are dynamic, answering the question is akin to solving an enormous jigsaw puzzle. Adding to the complexity and frustration, the image of this puzzle is changing as we work through it.

Regardless of what our half-finished puzzle looks like today, we must plan and strategize for contingencies that are out of the realm of recent experiences. Many investors view inflation as a low-probability event because of the dramatic decline in global economic activity.

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