Quad Capital chief strategist Peter Borish said on Bloomberg Thursday that CBS's upcoming "60 Minutes" interview with Stormy Daniels, who is expected to talk about her alleged sexual relationship with Donald Trump, is a potential cause for unrest in the stock market.
Borish's reference to the Daniels' story arose while discussing investment strategy in the current volatile market.
"There's no harm in saying, 'hey you know what, I don't know what's happening, I'm going to go to the sidelines for a little while,' Borish said. "That's just proven risk management."
He was then asked if that sort of attitude explains cooling tech stock numbers.
"Well, you're approaching the end of the quarter, you have a holiday next week ... I'm not so sure people are going to want to take long risk," Borish said.
He concluded by offering another potential factor, one he described as a "total outlier."
"I'm just going to throw a total outlier out there. We do have something coming on on '60 Minutes' on Sunday evening that's gonna add to the uncertainty. Why do you want to be long going home over the weekend?" he said.
A second Bloomberg anchor then changed the subject, asking an unrelated question.