WATCH: Stock pick — cash
Nick Kunze from Sanlam Private Wealth talks to Business Day TV about his stock pick of the day
Nick Kunze from Sanlam Private Wealth chose cash as his stock pick of the day.
“We’ve got the volatility in America the VIX (Volatility Index) is up almost 18% on the day to almost 40 % and we are less than a week to elections. We have Germany shutting down all the rest and I’ll leave you with a saying: ‘Sometimes there’s a time to be long, a time to be short and a time to do nothing.’ So, that is my stock call I’m afraid, I’m electing to sit on cash until this noise and all this wild volatility subside.”
Nick Kunze from Sanlam Private Wealth chose cash as his stock pick of the day
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