Adam Grimes, chief investment officer at Waverly Advisors, said that despite recent troubles and increased volatility, investors are being given a good opportunity to buy U.S. large-cap stocks.
Appearing on “MoneyLife with Chuck Jaffe,” Grimes noted that the increased volatility has been “non-directional” — meaning that the stock market hasn’t had a downtrend so much as sharp volatile spikes and equally sharp reversals.