El-Erian says he’s waiting to put cash to work until the market finds another reason to go higher
Mohamed El-Erian told CNBC on Thursday he’s waiting to put cash to work as the stock market faces more uncertainty due to the coronavirus pandemic.
“I have money on the sidelines, and I missed the last rally of the last three weeks. I’m not putting it to work here,” the chief economic advisor at Allianz said on “Squawk Box.”
El-Erian’s comments came after Wall Street on Wednesday suffered its
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