CIO Galvin on CNBC: This is a Buying Opportunity
City National Rochdale Chief Investment Officer Tom Galvin was a guest on CNBC's “Squawk on the Street” program, where he discussed optimism for a multi-year economic expansion and opportunities in this market with companies that will benefit from the return to normalcy as the pandemic hopefully winds down. He also touched on today's market dip due to the Federal Reserve's announcement it will not extend its pandemic-era rule that had allowed banks to relax capital levels.
"Stocks have been on fire," said Galvin. "They were due to pull back. I think it's going to be a buying opportunity."