Quadratic’s Davis Sees Covid Bringing on Stagflation
- Portfolio manager cited ‘atrocious’ consumer sentiment data
- Her IVOL ETF profits from increased inflation expectations
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Quadratic Capital Management’s Nancy Davis is warning that higher prices and slower growth could result in a return of stagflation.
The “atrocious” University of Michigan consumer sentiment numbers on Friday were “a sign that the U.S. consumer is not as strong as people think,” Davis said in a Bloomberg Television interview.