BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback.
Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise.
“It’s probably time for the market to reassess the uncertainties to the economy,” the firm’s chief equity and derivatives strategist told CNBC’s “Trading Nation” on Monday. “The social unrest of the last few days just adds to that sort of menu of uncertainties.”
In addition to protests erupting in cities across America, Emanuel lists the coronavirus pandemic and economic lockdowns, renewed