Consumers May Face a Reverse Wealth Effect
b'March PPI numbers came out this morning higher than expected. I don\'t know how the American consumer is going to save as well this time around, says Massimo Paone, Founder & Chief Investment Officer, Populist Capital. Higher inflation and possible home price depreciation may be the kickoff of a "reverse wealth effect," he explains. He says to shift a portfolio to a more defensive type of outlook and is overweight materials, commodities, energy, and food chain sectors. He is looking for dividend growers. He also sees opportunities in high yield junk bonds. Tune in for the full discussion with Nicole.'