Buy into the fear in the markets driven by higher rates: Investment strategist Alec Young
Alec Young, chief investment strategist at MAPsignals, tells BNN Bloomberg why he is advising investors to ignore the rate scare and buy stocks now. 'Buying something is better than buying nothing at all,' he says, and suggests investors could buy an index ETF like Vanguard’s VOO or focus on sectors like energy and mega cap tech. He explains how MAPsignals’ Big Money Index shows when it’s time to buy stocks amidst panic selling.