Michael Pento: Deflation is coming and it will hit the stock market hard

Despite concerns of inflation in the wake of COVID-19 stimulus spending, the Federal Reserve is issuing assurance as criticisms continue to mount. Octavio Marenzi and Michel Pento of Pento Portfolio Strategies offer their insight into the comments and give their forecast for what to expect.

Michael Pento is a specialist in Austrian economics and is the President of Pento Portfolio Strategies. Prior to starting Pento Portfolio Strategies he served as a senior economist and VP of the managed products division of another well known financial firm. Michael has also created ETFs and UITs that were sold throughout Wall Street. Earlier in his career, he worked on the floor of the NYSE. He is the author of The Coming Bond Market Collapse: How to Survive the Demise of the U.S. Debt Market.