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'The inflation genie is not going back in the bottle anytime soon.' Why this veteran trader likes oil and retail stocks now.

Michael Sincere’s Long-Term Trader Last Updated: April 23, 2023 at 2:13 p.m. ET First Published: April 20, 2023 at 4:02 p.m. ET By MarketWatch Contributor Network Jeffrey Bierman expects high inflation to continue and hit the market with stiff headwinds. Agence France-Presse/Getty Images Back in January, Jeffrey Bierman surveyed the U.S. stock market landscape and

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Michael Sincere’s Long-Term Trader

By

MarketWatch Contributor Network

Jeffrey Bierman expects high inflation to continue and hit the market with stiff headwinds.

Agence France-Presse/Getty Images

Back in January, Jeffrey Bierman surveyed the U.S. stock market landscape and called it a “slow-motion bear market,” forcing investors to face the fact that “the Fed-fueled fantasy bubble has popped.” 

U.S. stocks have since rebounded, but Bierman, a professional stock trader with more than three decades of experience, is convinced that stocks aren’t out of the woods yet.

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Bierman…

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