“The next step depends on governments and central banks,” Cucchiaro predicts.
He said it makes sense for investors to stay diversified and hold ETFs for both recession and inflation. In particular, he likes sectors that can leverage the low cost of capital such as international real estate.
Finally, on the fiscal cliff, he expects Washington to kick the debt can down the road with a budget compromise. However, “all bets are off” if we go over the fiscal cliff, he said.
Watch the video to see the full interview.