Wall Street strategist Michael Cembalest, chairman of market and investment strategy at J.P. Morgan, is advising investors to wait before buying stocks again amid the chaotic market conditions. His latest report echoes his earlier warning that even a presidential victory can’t guarantee the stock market’s stability.
In 2016, when President Trump won the election, Cembalest cautioned against optimism due to potential trade tensions and their impact on global markets. This time around, he believes investors should exercise caution as the market adjusts to new economic realities.
Cembalest’s warning comes as other strategists are focusing on more positive aspects of President Trump’s agenda, such as tax cuts and deregulation. However, Cembalest argues that these factors won’t be enough to offset the potential risks associated with trade policies and global uncertainty.
Source: https://www.marketwatch.com/story/this-wall-street-strategist-saw-the-stock-market-chaos-coming-he-says-investors-should-wait-to-buy-shares-again-4c472ef7