Barry Knapp warns the recent market pullback is likely only the beginning, arguing investors are mispricing a 'Trump put' and underestimating downside risk. He contends the Fed is not providing sufficient cushion to soften a shock to its dual mandate, implying greater downside pressure on markets if policy and political risks materialize.
Barry Knapp warns the recent market pullback is likely only the beginning, arguing investors are mispricing a 'Trump put' and underestimating downside risk. He contends the Fed is not providing sufficient cushion to soften a shock to its dual mandate, implying greater downside pressure on markets if policy and political risks materialize.
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moderately negative
Sentiment Score
-0.60