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This Wall Street pro saw the stock-market chaos coming. He says investors should wait to buy again. – Vested Daily

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

https://images.mktw.net/im-23776073

Published:

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.

While others insisted that Trump’s tariff threats were likely a negotiating tactic and that investors should focus on the more pro-growth elements of the president’s agenda, Cembalest, the chairman of market and investment strategy for J.P. Morgan’s asset- and wealth-management business

JPM, advised that it would be prudent to take Trump at his word.

This post was originally published on Market Watch

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