El-Erian: Resist the inclination to buy the coronavirus-driven dip!
In February, Mohamed El-Erian, chief economic advisor at Allianz, said that he would advise resisting the temptation to buy the initial coronavirus dip. He joins "Squawk Box" by phone to discuss his position following Monday's market sell-off.
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change