Oaktree Capital: The current market strength is baffling. Still holding coins, waiting for the right moment to act.

Golden Finance reported that on May 5, Armen Panossian, co-CEO of Oak Tree Capital, said the market is overlooking a series of fundamental issues too quickly, and the firm has chosen to hold cash and wait to act when the market pulls back. Armen Panossian, speaking during an interview with Bloomberg Television at the Milken Institute Global Conference, said that abundant liquidity after the pandemic, investors’ desire to remain invested, and the strong performance of companies in the past have caused the market to ignore potential economic data issues. He added that investors generally believe U.S. President Trump will not take actions that would permanently damage the economy, which further supports market resilience. He said that given the Iran war and some pressures the software industry will face in the coming years, the current strength of the market is a bit hard to make sense of. (Dongxin News)

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