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Among those who saw trouble brewing for stocks last year was strategist Warren Pies, who warned clients in December that the S&P 500 faced a 10% correction in the first half of 2025.
“We saw weakening in the economic data, and we saw a Fed that was going to be hesitant to cut rates because of these policies out of the White House,” the founder and portfolio manager at
3Fourteen Research told MarketWatch in a Wednesday interview. He also expected turbulence from the transition into the Trump administration, which he sees playing out through tariffs.
This post was originally published on Market Watch
