This is one of the toughest markets to trade Pete Najarian has seen in his nearly 30-year career




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The short-term outlook of many in the decisions market has veteran seller Pete Najarian holding the fewest amount of trades in his career, he instructed CNBC on Wednesday.

“I have the smallest amount of equity in the options world that I’ve ever had since I’ve been trading,” Najarian, co-founder of decisions shopping for and promoting hub Investitute, talked about on CNBC’s “Halftime Report.”

“It’s difficult right now to find out where is the best place to place your money,” Najarian added.

Najarian owns 11 decisions, all expiring in decrease than two weeks. He talked about he desires “to see the derivatives market deliver” sooner than he offers the relaxation. The lack of clear decisions shopping for and promoting, significantly as few have an outlook of better than a month, is holding Najarian largely on the sidelines.

He pointed to the 2019 steering from United Technologies in the agency’s latest earnings report as “interesting” in consequence of of the readability from executives. That kind of forward wanting readability has flip into unusual, he thinks.

“Everything’s short term,” Najarian talked about. “There’s been about three months worth of people saying ‘I can’t figure [the next] six months out’ … they seem to be very short term.”

The temporary time interval view traces once more to the “when October hit,” he talked about, as the market’s contracting outlook has occurred significantly “in the last two months.” He doesn’t think about in the “January run” up in shares, as Najarian talked about it has been “too much, too fast.”

Najarian has been shopping for and promoting decisions professionally since 1992.

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