‘Make or Break’ Call on Inflation Stumps Global Investors
- First-quarter boost for value versus growth stocks dissipates
- Inflation call is the “make-or-break” for this year: Loomis
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Bond veteran Greg Wilensky has seen hype about a surge in inflation crushed too many times to get carried away with this year’s great reflation trade.
“I’ve been managing bond portfolios for 25 years, through very large monetary programs, big deficits, and the Fed trying to raise inflation expectations,” the Janus Henderson money manager said in an interview. “As much as I can see legitimate reasons why it might happen this time -- I could have said that very often over the last 12 years too.”