'Too much complacency' could make the next market downturn feel worse than it really is (via TradingNation)
BTIG's Julian Emanuel believes the market is vulnerable to a pullback, but his outlook isn't all doom and gloom.
According to Emanuel, there's "too much complacency" among investors right now, and that could make the next retreat feel worse than it really is. That appeared to be evident when the major indexes sold off early Monday on renewed jitters that a resolution to the U.S.-China trade war was in jeopardy. However, the market staged a strong comeback and were well off the lows by the market close.
"We do think that cutting will be part of the calculus that moves stocks higher in the second half of the year," he said.
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