Stock Market Crash: Expert Says S&P 500 Due for 10% Drop, Weak Returns
Inflation is top-of-mind for investors after the CPI rose more than expected in April. But according to Marko Papic, investors are misreading how the Fed will react. He said the S&P 500 faces weak returns in the near-term partly because of this. Members of the Federal Reserve's Federal Open Market Committee have been drilling their message into investors for several months now: They won't respond to a spike in inflation this year. And yet, investors still don't believe them, according to Marko Papic, the chief strategist at Clocktower Group, which manages $1.5 billion in assets. In an intervi...