There could be “a little squall” in equity markets if the Federal Reserve cuts interest rates by a quarter percentage point next week because of lingering hopes of a larger move, according to Cambiar Investors LLC.
The Denver-based firm with about $10.5 billion assets under management is holding an elevated amount of cash given current uncertainties, Chief Investment Officer Brian Barish said in an interview. Cambiar continues to have exposure to cyclical shares given the recent upturn in economic data, he added.
