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Podcast: Money Life with Chuck Jaffe
Episode: Real Life Trading's Newsome on why his next move is to cash
Description: Jerremy Newsome, founder of Real Life Trading, says that with the election looming after the traditional summer-fall doldrums — and having already hit his profit targets for the year — he is about to move 100 percent into cash. "I think it's too easy right now," he says. "We're too high, it's too easy, everything is going straight up ... no reason not to be all up in cash up here for me." Newsome was clear that he's selling into strength and locking in profits, because he does think the market will be going higher once there is more certainty after the election; he e...