Market Wrap - Stock pick — cash
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Nick Kunze from Sanlam Private Wealth chose cash as his stock pick of the day.
"We've got the volatility in America the VIX (Volatility Index) is up almost 18% on the day to almost 40 % and we are less than a week to elections. We have Germany shutting down all the rest and I'll leave you with a saying that "Sometimes there's a time to be long, a time to be short and a time to do nothing" so, that is my stock call I'm afraid. I'm electing to sit on cash until this this noise and all this wild volatility subside."
"We've got the volatility in America the VIX (Volatility Index) is up almost 18% on the day to almost 40 % and we are less than a week to elections. We have Germany shutting down all the rest and I'll leave you with a saying that "Sometimes there's a time to be long, a time to be short and a time to do nothing" so, that is my stock call I'm afraid. I'm electing to sit on cash until this this noise and all this wild volatility subside."
