What should investors do in this volatile market? Managing directors Charles Crane at Douglass Winthrop Advisors and Lawrence Glazer at Mayflower Advisors shared their market outlooks.
“I see a very slow recovery in a tepid economic recovery in a potentially a jobless or anemic recovery,” Glazer told CNBC. “Liquidity is clearly what’s been driving this market, not valuation.”
Glazer said although ETFs have been largely criticized, they can be used as a proxy for individual securities.
“It’s a tax-efficient way for investors to invest and a cost-effective way,” he said. “Investors want fixed income alternatives. ETFs present an alternative to that, but not the only place to put money.”