A hedge fund manager beating the S&P 500 through April warns stocks could 'easily' drop 20-30% as inflation and interest rates stay elevated — and shares 5 economically resilient picks he's betting on

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A hedge fund manager beating the S&P 500 through April warns stocks could 'easily' drop 20-30% as inflation and interest rates stay elevated — and shares 5 economically resilient picks he's betting on

Traders on the floor of the New York Stock Exchange work frantically as panic selling swept Wall Street in this Oct. 19, 1987 file photo.AP/Peter MorganHedge-fund manager Lukasz Tomicki warns inflation risks are not being taken seriously enough.Despite high inflation and interest rates, stocks have rallied significantly this year.Tomicki is investing in defensive stocks like Chemed and RLI to mitigate economic swings.Hedge fund manager Lukasz To…