Mohamed El-Erian says he's steering clear of the market's rally as he doesn't know when the next 'anchor' for stocks will come

Business Insider

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· *Mohamed El-Erian, chief economic adviser at Allianz, told CNBC that he is waiting to put his cash to work to avoid the current unpredictability of the stock market.*
· *"The big question is, what is the next anchor for markets? And it's not clear to me where that's going to come from," El-Erian told CNBC's "Squawk Box" on...

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