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Investors should question buying U.S. stocks right now, strategist says
Investors should question buying U.S. stocks right now, strategist says
https://www.cnbc.com/2020/05/20/inv...ying-us-stocks-right-now-strategist-says.htmlInvestors should think carefully about whether buying U.S. equities is the right thing to do in the current environment, a strategist has warned.
Speaking to CNBC’s “Squawk Box Europe” on Wednesday, Peter Toogood, CIO of financial services business The Embark Group, noted that many fund managers were not excited about the possibilities in U.S. stocks, despite markets showing some signs of recovery from drastic declines in March.
“The U.S., the big daddy, has been expensive and remains expensive,” he said.