A famed permabear says investors need to brace for a market 'shock' from a new wave of inflation
Spencer Platt/Getty Images The famed bear Albert Edwards sees another market 'shock' in the cards. The SocGen strategist said he believed investors were too complacent about inflation risks. That leaves markets vulnerable should inflation see a second post-COVID surge, he said. Investors don't seem to be ready for what the future may hold for markets, according to one longtime permabear . Albert Edwards , a global strategist at Société Générale who rose to fame for calling the dot-com crash, said he sees the conditions for another potential "shock" to hit markets. In a note to clients on Thursday, he pointed to what he believed was investor complacency about the risks of higher inflation, with investors barely pricing in any lasting impact despite the recent surge in oil prices . Oil is retesting the $100-a-barrel mark as conflict in the Middle East drags on, but the 5-year 5-forward, a measure of five-year inflation expectations five years from now, ...
