This investment 'could do a lot of damage to your portfolio,' $9 billion money manager warns

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This investment 'could do a lot of damage to your portfolio,' $9 billion money manager warns (via TradingNation)

across the board Tuesday as optimism around U.S.-China trade and a better-than-expected start to earnings season kept them afloat.

With the market's fundamentals "still attractive" and many investors sitting out the rally so far, "the stock market makes a smart alternative [to bonds] for a good portion of the population," Morgan added."There's a lot of cash on the sidelines which I think will be coming into the market continuously, and that's probably why this October, which is usually hurricane season, has done so well," he said.

that "plummeting" corporate buybacks could throw a wrench in the market's future gains, Morgan sees much more controlling the narrative than share repurchase programs alone.

 

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TradingNation All in all, 'we're staying the course,' he added, and 'you're better off staying the course as long as you have quality names.'

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