Be careful going into to cash, because you could miss the timing when it's actually better to be in stocks. He doesn't advocate raising cash.
The January rally was due to multiple expansion and add FOMO. The brunt of Fed activity (rate hikes) has yet to be felt. The market now is a good reset. There is an insatiable appetite to buy stocks, but it's better to be in cash, because the second half of 2023 will be miserable when we see the impact of these hikes. The risk now is to the downside.
It is an uncertain market and there is a risk of a hard landing so he has a substantial amount in cash. You can deploy it when it makes sense. It also gives flexibility. He holds some energy and defense contractors and is overweight in utilities and consumer staples.
CASH is a OTC stock, trading under the symbol CASH on the (). It is usually referred to as or CASH
In the last year, 2 stock analysts published opinions about CASH. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for CASH.
CASH was recommended as a Top Pick by on . Read the latest stock experts ratings for CASH.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered CASH In the last year. It is a trending stock that is worth watching.
On , CASH (CASH) stock closed at a price of $.
This is the start of a broader decline. If you must be in the market, maybe go into big tech, which lacks balance sheet and lending concerns, but there will be growth concerns. He isn't buying anything at all, but is preserving capital. Cash.