We are seeing a decrease in negative news, and the markets are in pretty good shape, said Art Hogan, managing director at Jeffries.
“This has been a record May for secondary offerings and IPOs,” Hogan told CNBC. “So the markets backing up 4 percent is probably a healthy thing.”
Hogan told investors to prepare for an inflation “sooner rather than later” — and said to focus on companies that will benefit in an inflationary environment.
No immediate information was available for Hogan or his firm.
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