Markets may face a wild ride, but there will be strong investing opportunities, according to one leading economist.
Mohamed El-Erian, Allianz’s chief economic advisor, spoke with CNBC’s “Squawk on the Street” on Monday morning.
“We have a bumpy road ahead of us, but I keep on stressing, it will create a lot of attractive opportunities,” he said, adding that investors may want to key in on a fundamental shift in economic conditions—rather than Federal Reserve policy decisions.
All eyes are on the Fed, which some predict could announce a rate increase when the Federal Open Market Committee meets later this week.
If the central bank opts to raise short-term interest rates, the effects would likely be broadly felt across many markets, but El-Erian said it’s not obvious if the Fed will make that move.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.