Zero Hedge
by Tyler Durden
Thursday, May 01, 2025 – 06:55 AM
The key question facing equity markets now is whether the April 8 low marked a floor — or merely a trap door for bulls.
Veteran emerging-markets investor Mark Mobius joined Bloomberg TV earlier, warning, “Cash is king” as he waits for the trade war storm and mounting macroeconomic headwinds to blow over.
“At this stage, cash is king. So 95% of my money in the funds are in cash,” Mobius said in an interview, adding, “Right now, we’ve got to keep the cash and be ready to move when the time is right.”
Mobius continued: “If the market comes down further, of course we will put more money in.”