“Surprisingly, right now cash is king. It's very powerful. You’re getting paid for your cash.'
Rallies within the current bear market are a good time to reallocate holdings — and staying in cash isn’t a bad idea, says one strategist.
“Surprisingly, right now cash is king. It's very powerful. You’re getting paid for your cash," she added.amid the Federal Reserve's current monetary tightening policy.The strategist highlighted, “The equity portion is a little tough right now, we’re being very cautious and careful and just legging in when we have more downdrafts in the market versus ups in the market.”
“We still like health care,” said Krosby. “Once capital markets come back to life, you’re going to see quite a number of deals in the healthcare space, biotech and larger pharma.”“I know oil prices have come down, [but] we actually like the energy complex,” she added.
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