The risk of a sharp downside following a rally in markets has prompted OCM Wealth Management chief executive Jason Stather-Lodge to seek safety in cash.
Towards the end of last week, we witnessed further market turbulence in global stock markets and Thursday saw markets rise 3% in Europe on optimism of the further QE bazooka that Mario Draghi fired. It then fell significantly into the close of the day as a result of fear that earnings are going to collapse. As a result, we believe the risk-off period we have seen and are forecasting is not going to come in a few weeks or months, it is happening now. 'Buy signal' as manager raise cash to highest level in 14 years In its simplest terms we were looking at 1%-2% upside and potentially a...
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