El-Erian says get out of these distorted markets that have created a lot of damage<p>Mohamed El-Erian is chief economic advisor at Allianz SE. Speaking of both stock and bond markets:</p><ul><li>"We need to get out of these distorted markets that have created a lot of damage," </li><li>El-Erian notes that when these market corrections happen simultaneously, investors should move to "risk-off" assets</li><li>"What we have again learned since the middle of August, is that (stocks and bonds) can both go down at the same time," he says. "In a world like that, you have to look at short-dated fixed income, and you have to look at cash as an alternative."</li><li></li></ul><p>He does favour cash, says stick it under the mattress (tongue in cheek, but not that far!).</p><p><a href="https://finance.yahoo.com/news/distorted-markets-mohamed-el-erian-134000279.html" target="_blank" rel="nofollow">Link here for more </a></p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: El-Erian says get out of these distorted markets that have created a lot of damage (https://forexlive.com/news/el-erian-says-get-out-of-these-distorted-markets-that-have-created-a-lot-of-damage-20220908/https://forexlive.com/news/el-erian-says-get-out-of-these-distorted-markets-that-have-created-a-lot-of-damage-20220908/)
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