El-Erian: ‘Pockets of value’ emerging in market but only for investors with high risk tolerance PUBLISHED MON, MAR 23 20209:12 AM EDT Kevin Stankiewicz @KEVIN_STANK KEY POINTS The stock market’s steep decline over the last month has now created opportunities for investors who can stomach risk, economist Mohamed El-Erian told CNBC. “Those people who entered this defensively and have a massive appetite for volatility, there is starting to be real pockets of value,” El-Erian said. “For most investors, I think you still want to be cautious out there,” the Allianz chief economic advisor said.
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