To say that the market has been choppy lately would be a ridiculous understatement. Ever since the identification of the Omicron variant, stocks have been a hot mess of a rollercoaster.
But per usual, that doesn’t mean you shouldn’t invest in them — just don’t look at your accounts on the rockier days, one expert says.
“When you invest in equities, you invest for the long haul. You’ve got to keep that mindset,” said Tony DeSpirito, chief investment officer of BlackRock’s US fundamental equities and the portfolio manager of the BlackRock Equity Dividend Fund.
“Don’t try to time the market, but just try to stay in the market.”
At the end of the day, stocks are still a great place to be in this higher inflation environment, DeSpirito said on the CNN Business’ digital live show Markets Now.
“I’ve been recommending balance, more cyclical, more stable sectors,” he said, pointing at energy and financials, though he’s also bullish on the non-cyclical healthcare sector.
Source: https://www.cnn.com/business/live-news/stock-market-news-120121/index.html
