This is a unique period for financial markets, buffeted not just by a wall of worry but a trifecta of inflection points that could feed off one another in the coming months and is sure to deliver turbulence for investors.
That is the summary of the outlook for Wall Street offered by BTIG researchers in a report featuring chief equity and derivatives strategist Julian Emanuel and equity strategy associate Michael Chu.
“We’re living through three transitions which, in a period of elevated volatility, are reminders that the path to the long term is a series of short terms — often gut-wrenching, both down and up,” the BTIG strategists wrote. Read more…..
Chart of the Day
Marillyn A. Hewson, Chairman, President and CEO, Lockheed Martin Corporation, speaks with Economic Club president David M. Rubenstein on Wednesday March 7, 2018.