Investors should 'reassess risk/reward' in the market for Q4: Strategist

Business News News

The 2023 fiscal year has brought many surprises upon investors — some more welcome than others, such as August's PCE report pointing to cooling inflation. Some investors are concerned with all the recent headwinds and volatility in the market, wondering where they should park their money. Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance to break down recent market developments and offer insights to investors as to where they should be paying attention. 'If the market is reassessing the risk/reward, you should be doing the same,' Sonick says on short-term investing. Commenting on the direction of interest rates in 2023, Sosnick is looking to keep investments in cash, since 'you're getting some yield. Actually if inflation is quiet, we get real yield. You're not even losing money vis-a-vis inflation'. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.