Why coronavirus isn’t scaring Federated’s Phil Orlando out of the stock market
Federated Hermes’ Phil Orlando is putting money to work in coronavirus battered stocks.
The firm’s chief equity market strategist started buying large-cap domestic growth names on Monday night, hours after the Dow fell 1,031 points.
“This is an area that we took profits in at the end of last year. With the broad market down 8%, a lot of the stocks in this category have been down 15% or 20%,”…