Marcelli: Great Time to Invest Amid Lower Valuations

The video discusses current market conditions, emphasizing that while the market has seen some gains, it remains volatile. The Fed is not expected to pivot soon, and the market's perception of a dovish Fed is incorrect. Despite recession talks, consumer resilience is noted, with strong credit card spending and demand in travel and leisure. The speaker advises against holding excessive cash, highlighting the opportunity cost of being out of the market. A diversified portfolio is recommended for long-term investors, with historical data supporting this strategy.

What is the speaker's perspective on holding cash as an investment strategy?

What does the speaker suggest is a good long-term investment strategy?