David Lebovitz, international market strategist at JPMorgan Asset Administration, says predictions for a steep decline in US company earnings are discounting the affect of inflation on margins. “Folks could also be overly pessimistic, not recognizing what inflation does for revenues,” he says on “Bloomberg Surveillance.”
Observe Bloomberg for enterprise information & evaluation, up-to-the-minute market knowledge, options, profiles and extra:
Join with us on…
Twitter:
Fb:
Instagram:
Credit score: YouTube/Bloomberg Markets and Finance