Devon Drew, CEO and chief investment officer at DFD Partners, joined Cheddar News to discuss the state of the economy as the major indexes continue their positive trends. He also had a few suggestions for investors who are weighing risks. "On that same note with the banking crisis, you've seen money flow out of the banks and into money market mutual funds," Drew said. "From a sector perspective, looking at financials and looking at all the mid and smaller tier banks that could potentially be under similar stresses as we've seen from Credit Suisse and SVB and First Republic."

Share:
More In Business
Turning Unused PTO Into Cold, Hard Cash
Veetahl Eilat-Raichel, Founder and CEO of Sorbet, shares how employees can harness the value of their time off – and how companies can use PTO to employees’ benefit.
Fed Interest Rate Decision Coming Next Week
Brooke May, Managing Partner at Evans May Wealth, weighs in on how the market is expected to perform through the rest of 2024, plus why she’s still bullish on tech but cautious when it comes to financials.
Load More