The stock market is in the midst of one of the hottest bull run’s ever, but General Electric is being left out in the cold.
The Dow’s oldest component has had a rough go at it. On Wednesday, it suffered its worst three-day decline since mid-November.
For one market watcher, the reason for the sell-off is clear: GE’s opaque finances across its portfolio of businesses.
“I would not be rushing to go buy it simply because of the black hole of the financials side,” Boris Schlossberg of BK Asset Management told CNBC’s “Trading Nation” on Wednesday. To Schlossberg, the uncertainty of what liabilities hide on its balance sheet is worrisome.
