David Wright, lead portfolio manager at Sierra, says that the market is currently so overvalued that it has a lot more downside room to run than upside. While Wright remains fully invested right now — and isn’t calling for a major reversal in the immediate future — he cautioned that investors should be looking to protect gains from heightened market volatility ahead by using stop-loss orders on their biggest and most risky positions.
Past performance does not guarantee future results. This content should not be construed as direct investment advice or a solicitation to buy or sell any security. The content is provided for educational and/or informational purposes only. Viewers/listeners should consult with their own financial and/or tax advisers to determine the potential suitability as it relates to any of the investment strategies or securities discussed. All investing involves the risk of loss, including the complete loss of principal. The information communicated herein reflects the views and opinions of the speakers on the day recorded, which are subject to change at any time without notice, and do not necessarily reflect the views of Sierra Investments.
