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.
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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.