Investors should be looking to pick up stocks like Whirlpool and avoid assets like CryptoPunks NFTs, according to Jeff Henriksen, CEO and founder of Thorpe Abbotts Capital.
Workers assemble washing machines at the Whirlpool Corp. manufacturing facility in Clyde, Ohio, U.S.
Luke Sharrett | Bloomberg | Getty Images
Speaking to CNBC’s “Squawk Box Europe” on Monday, the Virginia-based hedge fund manager said despite the dominant market narratives around inflation, central bank tightening, supply chain problems and Covid-19, the U.S. economy remains robust and the improvement in labor force participation is a “very bullish” long-term signal.