The professor who first warned of the K-shaped economy explains why he's avoiding US stocks right now

NYSE

• Peter Atwater, the economist who first warned of a K-shaped recovery, says he isn't buying stocks.
• He thinks markets are underpricing a scenario where foreign investors punish US companies for the Iran war.
• Inflation stemming from the war has become a global issue.

The professor who first warned the US about a K-shaped economy is raising another red flag: the stock market may be too optimistic about the Iran war.

As a result, Peter Atwater — the...