Banking

There’s a lot of pain ahead for markets, strategist warns, arguing the rally looks short-lived

Key Points

  • “I think the market rally is a breathing space rally,” Beat Wittmann, chairman of Switzerland’s Porta Advisors, told CNBC.
  • Central banks, led by the Fed, acted too late on inflation and will now “overtighten,” leading to “a lot of pain,” he added.

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