Market forecaster Jim Bianco, President and Macro Strategist at Bianco Research, reportedly said Wednesday’s Federal Open Market Committee (FOMC) minutes were hyped and asserted that cash is no longer trash given the current interest rate regime where it could suck away money from the stock market.
“I think investors are going to have to start thinking about the idea that we have a 5% or 6% world and they’re going to have to start thinking about the idea that for the stock market, cash is no longer trash. That was a two-decade-old meme that doesn’t apply,” he told CNBC.
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Bianco further explained how an investor would get …
