*EXCLUSIVE: SATORI FUND FOUNDER DAN NILES WARNS S&P 500 COULD TEST 3000 BY MID-YEAR - $SPY $SPX $ES_F
Dan Niles, the Founder and Senior Portfolio Manager for the Satori Fund, told Investing.com and Street Insider on Monday that he expects to see theIn a Twitter Spaces, Niles said the 3,000 target is for mid-year as he believes inflation will keep coming down but remain"sticky" due to the China re-opening, while U.S.
He believes that the China re-opening will result in commodity prices remaining elevated due to the increased demand, while services inflation will be an ongoing problem. As a result, the Satori Fund founder sees the Fed raising interest rates closer to 6%, adding that he doesn't see a rate cut this year.
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