Market bear reveals his top pick for 2023
अर्थव्यवस्था मार्केट बियर ने 2023 के लिए अपने टॉप पिक का खुलासा किया बिटकॉइन एथेरियम समाचार S & P 500 has lost over 2.0% in recent days and the downside will continue to unfold moving forward, says Dan Niles – the Senior Portfolio Manager of the Satori Fund. U.S. job market continues to be strong Last week, the U.S. Bureau of Labour Statistics said nonfarm payrolls nearly doubled in January versus the previous month as Invezz reported यहाँ. That created more room for the Fed to keep rates higher for longer, which, in turn, paints a rather dingy picture for the इक्विटी बाजार. To that end, Niles named “cash” as his top pick for 2023. When thinking about my top picks, first thought that came to mind was how volatile this year could be. Particularly for those who cant trade daily, cash is king. Sitting on cash allows flexibility to reinvest if the S&P 500 goes lower. Year-to-date, the benchmark index is still up roughly 7.0%. Fed is not going to cut rates this year Specifically, Niles recommends that investors put their money in the 3-month Treasury Bills that currently yield about 4.5%. Just days ago, influential investor रे Dalio also picked cash over stocks. Hes convinced that the U.S. stocks