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05.01 - 14:23
'Cash could be your friend': Wilmington Trust sees a deeper pullback providing better opportunities for investors
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cnbc.comThe stock market's volatility jump may be in its early stages.
Despite a bullish 2022 outlook, Wilmington Trust's Meghan Shue expects the wild swings to ramp up as investors digest a less accommodative Federal Reserve and assess new risks tied to the Covid omicron variant.
«While we're overweight to equities, we're holding elevated cash because we think there are probably going to be more opportunities presenting themselves,» the firm's head of investment strategy told CNBC's "Trading Nation" on Friday. «Cash could be your friend over the coming months.»
The major indexes are on a losing streak. The Dow dropped 532 points on Friday and posted its worst day of the month. It fell 1.9% last week while the S&P 500 lost 1%.
Meanwhile, the
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