Stay defensive despite Wall Street’s steepest equity sell-off: analysts
As global equities tumble and uncertainty reigns, analysts advise against rushing in
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[SINGAPORE] Amid one of the steepest equity sell-offs in years on Wall Street, the more adventurous investors may be tempted to buy the dip, but equity analysts are advocating a risk-off strategy and a shift towards defensive plays instead.
“For now, we continue to caution against prematurely buying into market weakness, especially in the US,” said Philipp Lienhardt, head of equity research at Julius Baer.
In fact, he recommends that any short-term strength in US equities could be an opportunity to sell, and further diversify into other markets.
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