On CNBC’s “Halftime Report Final Trades,” Liz Young of BNY Mellon Investment Management chose cash. Young said, “I would sit on the sidelines, wait this out, especially past the Fed meeting.” She added that this was “not a time to chase it around.”
Young further mentioned that the second half of the year could be better, relative to the first half. “But it’s not going to happen early in the second half. We might need to get through July,” she warned.
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Joseph Terranova of Virtus Investment Partners chose Visa Inc (NYSE:V) as his final trade.
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Pete Najarian said that there had been some call buying in iShares Silver Trust (NYSE:SLV). Traders haven’t bet on silver rising in a long time, Najarian mentioned. They are now “buying huge calls out there in the August 20 strikes,” he added.
