Fox Business – Michael Landsberg on ‘The Claman Countdown’: Navigating Persistent Inflation and Strategic Investment Approaches

May 9, 2024

Michael Landsberg, CIO of Landsberg Bennett Private Wealth Management, joined Liz Claman on Fox Business’ “The Claman Countdown” to discuss the current state of inflation and its future trajectory. The discussion centered around the upcoming release of economic data, including the Federal Reserve’s key inflation measure, the core Consumer Price Index (CPI).

The latest CPI report indicated a 3.5% annual increase in prices, which is a slight decrease from the peak of 9.1% observed in June 2022. Despite the decline, Landsberg expressed concerns that inflation is not only persisting but could potentially reaccelerate.

He noted significant price increases in various services, including auto insurance, veterinary, and legal services.

To navigate this environment, he advised investors to consider adjusting their portfolios to include assets that typically perform well during periods of rising inflation, such as commodities, insurance stocks, and materials stocks.

Takeaways:

  • Inflation Resilience: Despite a downward trend from last year’s high, inflation remains resilient. This suggests that investors and consumers alike should remain vigilant and not assume a rapid easing of price pressures.
  • Investment Strategy Adaptation: Given the expectation of continued inflation or potential increases, it might be prudent to reassess investment portfolios. Incorporating commodities and sectors like insurance and materials, which may benefit from inflationary pressures, could be a wise move.
  • Economic Indicators Monitoring: The upcoming CPI data release is crucial for understanding the inflation trajectory. Investors should closely monitor such economic indicators to make informed decisions.
  • Global Impact Considerations: The global economic recovery, including China’s resurgence and Europe’s exit from recession, could influence demand and subsequently prices. This underscores the importance of considering international economic trends in investment strategies.
  • Long-Term Planning: Given the uncertain economic outlook, it’s essential for both individuals and financial professionals to plan for various scenarios, adjusting financial strategies to accommodate both potential inflation increases and other economic shifts.

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