A top investor expects volatility to dominate Wall Street for months.
Amanda Agati, PNC Financial’s chief investment officer, lists stretched market valuations, Federal Reserve taper chatter and the end of stimulus checks as troubling forces.
“You have to pick and choose your exposures very, very carefully,” Agati said on CNBC’s “Trading Nation” on Thursday. “This is not a scenario where we think there’s a rising tide that lifts all boats — certainly not at such elevated valuation levels for both equities and fixed income.”
A major portion of her forecast includes an “unusual” volatility dynamic affecting both stocks and bonds right now.
According to Agati, the CBOE Volatility Index, or…