Birinyi Is Building Cash as Stocks Get Harder to Analyze
- U.S.-China trade tensions ratchet up, pummeling global markets
- Birinyi’s seeing opportunities in individual stocks like Deere
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Laszlo Birinyi, a steadfast bull who has mostly been right in navigating a decade-long rally in equities, says he is having a tougher time making sense of the market right now.
Stocks continued their harrowing May Wednesday, sliding to a 12-week low as a key part of the Treasury yield curve fell further into inversion. The reasons for the tumult -- rising trade tensions and geopolitical issues-- are clouding Birinyi’s outlook, the one-time Salomon Brothers strategist who founded Birinyi Associates in 1989, said.