El-Erian Says Cut Stock Holdings as Stagflation Concern Grows

‘Take some money off the table’ as economy not priced in
His baseline is for lower global growth, higher inflation

Mohamed El-Erian, a Bloomberg Opinion contributor, says the Federal Reserve is being forced into a choice between risking recession or prolonging inflation. He speaks during an interview with Bloomberg’s Jonathan Ferro on “Bloomberg The Open.” El-Erian’s opinions are his own.Source: Bloomberg

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By John McCorry and Jonathan Ferro

March 22, 2022 at 9:03 PM UTC

This article is for subscribers only.

Given Mohamed El-Erian’s prescience on inflation, investors may want to hear what he says about the stock market.

“If I’m investing over the next 12-month horizon, I would reduce equities at this point. I would take some money off the table,” the bond market veteran told Bloomberg TV’s The Open on Tuesday. “The market is giving you a wonderful opportunity to come out.”