Jim welcomes back legendary technician Ralph Acampora, Director Tactical Investments at Altaira Wealth Management. Ralph is concerned about a number of technical indicators, including the narrowness of the market, as well as serious geopolitical factors that could have negative effects on the markets. “The stock market doesn’t like uncertainty” notes Ralph, “and we now have a long list of uncertainties.” He also sees too much complacency in the market. Ralph says you can park some of your assets in traditional safe havens like consumer staples and utilities, but it could still be a little bumpy. Ralph sees this as a wait-and-see period, and believes raising cash and waiting it out would be a wise choice, at least for now. Also in this segment, Ryan Puplava has this week’s Market Wrap-up of a very volatile week in the markets and Marc Chandler from Brown Brothers Harriman discusses currencies and oil with Cris Sheridan.
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