Inflation returns to 13-year high, stocks overdue for ‘fairly significant drawdown’ - Ted Oakley

Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday.

Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is required to properly hedge against higher consumer prices.

0:00 - Inflation level
5:13 - Inflation hedge
9:03 - Asset allocation
12:13 - Real interest rates
15:10 - Capital gains tax increase
17:40 - Global growth
22:35 - Stocks

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