You stated, "Reduce exposure". Yep that is exactly what they are doing right now. It's risk off for US investors. So going to cash the USD has grown stronger at the same time pushing the AUD lower to 70c USD. Same time commodities falling with Iron Ore falling along with Gold and other commodities.
Nick does get it wrong on occasion as he was toting there would not be a V shaped recovery, which is what did happen proving him incorrect. Now looks like the K recovery is in motion. Will be some bargains happening over the next few weeks with DOW, Nasdaq, XJO and other indicies falling.
