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This Wall Street strategist saw the stock-market chaos coming. He says investors should wait to buy shares again.

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  When Wall Street strategists were cheering on President Trump's electoral victory and projecting another rosy year for U.S. stocks, J.P. Morgan's Michael Cembalest was taking a decidedly different tack.

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The article from MarketWatch discusses insights from Wall Street strategist Michael Kantrowitz, who accurately predicted the recent stock market turmoil. Kantrowitz, the chief investment strategist at Piper Sandler, has advised investors to hold off on buying stocks until there's a clear sign of market stabilization. He points out that the current market volatility is driven by a combination of factors including high inflation, rising interest rates, and geopolitical tensions. Kantrowitz suggests that investors should look for a sustained market recovery, possibly indicated by a reduction in the VIX (a measure of market volatility), before re-entering the market. He also warns that the economic environment might deteriorate further before improving, advocating for a cautious approach to investment during this period of uncertainty.

Read the Full MarketWatch Article at:
[ 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 ]