Deutsche Bank strategist Henry Allen said for the fourth straight year, markets are complacent over inflation, but tariffs are making that a dangerous viewpoint right now.
“We have no long-term-care insurance. When I become debilitated, I plan to end my life at Dignitas.”
The veteran CNBC reporter recalled the ups and downs of his first trade.
Wholesale prices were unchanged in June and showed only a mild effect from U.S. tariffs, adding to the growing view that trade wars won’t lead to a big increase in inflation.
Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.
Trading desks across Wall Street have benefited as President Donald Trump's tariff policies have roiled markets for bonds, currencies, commodities and stocks.