Persistent Oil Prices Threaten Inflation Outlook

AI Summary

Seaport Research Partners strategist Jonathan Golub says persistent oil prices could keep inflation elevated, especially if conflict in the Middle East continues, and may eventually prompt a Federal Reserve response. He also argues that strong earnings and lower valuations suggest stocks are not in an AI bubble, while warning that credit markets could face growing strains.

Seaport Research Partners Chief Equity Strategist Jonathan Golub tells Bloomberg This Weekend that stocks are not in an AI bubble, arguing that strong earnings and lower valuations show investors remain skeptical even as AI drives much of the market. Speaking with hosts David Gura and Christina Ruffini, Golub says a prolonged Middle East conflict could keep oil and inflation elevated, eventually forcing the Federal Reserve to respond as strains emerge in credit markets. (Source: Bloomberg)