17:I[66739,["/_next/static/chunks/0.3dg.jzl0xwf.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/05hx6kuf6-oy4.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/0~heydqc5smtk.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/0juapqyy99ga..js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/0mb4-6jpfhd0o.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/06dn~uer6.43l.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX"],"default"] 19:I[38632,["/_next/static/chunks/0qqtp3r0h7kah.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX","/_next/static/chunks/0iukvycbd42rl.js?dpl=dpl_HxkEdW1svcQjgbrN1tU7t1UmY5CX"],"IconMark"] 18:T4df,

SanJac Alpha CIO, Andrew Wells, says the market is overpricing a rate hike, arguing inflation is a supply shock, not demand-driven. He expects the Federal Reserve to stay patient under new leadership and points to strong economic resilience and healthy credit markets. He also cites similar views from Morgan Stanley’s Mike Wilson.

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Andrew Wells: Market Overpricing Rate Hikes, Inflation Is a Supply Shock

Schwab Network

Andrew Wells: Market Overpricing Rate Hikes, Inflation Is a Supply Shock