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Dan Niles, creator as well as senior profile supervisor for the Satori Fund, claims markets will 'potentially get to a new high' in the short-term driven by all the brand-new stimulation, yet 'rising cost of living increasing is going to come to be a huge trouble' by mid-2021.
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New stimulus could drive markets to ‘new high’ in short term: Portfolio manager Dan Niles
Dan Niles, founder and senior portfolio manager for the Satori Fund, says markets will 'potentially get to a new high' in the short term driven by all the new stimulus, but 'inflation going up is going to become a big problem' by mid-2021.
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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