The Restless Ones: How a Strong and Flexible Network Lays the Foundation for Positive Changes

Tracy McMillian is head of Global Asset Allocation Strategy at Wells Fargo Investment Institute. He says we are in a Fed tightening cycle and that global growth start to slow down. But there's also this mountain of cash that the average consumer has on their balance sheets, he adds. So far data that come in, earnings that come in,. they don't seem to be knocking the market off its skis. That does not mean selling out of equities, but it does mean repositioning the portfolios to be more cautious here.