Need to Know: This fund manager has long warned of money leaving the financial system as interest rates rise. Here’s his advice for investors right now.

by | Mar 14, 2023 | Stock Market

A sigh of relief is billowing around Wall Street, for now, with stocks higher after CPI data showed some ease in inflationary pressures. A too-hot number may have been too much for investors to handle as they watch for further fallout from SVB and Signature Bank collapses and ensuing stress on the financial sector. And some are indeed warning of that. JPMorgan’s Marko…

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