‘Cash is king’ right now, says strategist

Rallies within the current bear market are a good time to reallocate holdings — and staying in cash isn’t a bad idea, says one strategist.

“We’re recommending to take advantage of these times when the market is having a bull rally, during this bear market — to reallocate portfolios —to clean up some of the holdings that you don’t want any more and repositions to things that we like,” Kathy Entwistle, managing director at Morgan Stanley, told Yahoo Finance Live.

“Surprisingly,…


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