Financial Guru Josh Brown Explains Why Investors Should 'Get Out Of Cash' Right Now
Portfolio Pulse from Bibhu Pattnaik
Josh Brown, CEO of Ritholtz Wealth Management, advises investors to move their money out of cash if it is not needed in the near future. He suggests extending the duration of investments, possibly into treasuries, as he anticipates rate cuts and a softening in economic data. Brown also highlights significant inflows into ETFs, particularly equities and fixed income, in May.
June 15, 2024 | 3:50 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Josh Brown's advice to move out of cash and extend investment durations could impact GLW, especially if investors follow his guidance and shift towards equities and fixed income.
Brown's recommendation to move out of cash and into longer-duration investments, including equities, could lead to increased interest in stocks like GLW. This shift in investor behavior could positively impact GLW's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50