Following the worst week for stocks since the financial crisis, UBS‘s Jason Katz said Friday investors should “take a deep breath” and have a moment of introspection over the weekend.
“Reflect on the fact that the markets had a made meaningful move up last year and up until recently, and that corrections are par for the course,” the senior portfolio manager said on CNBC’s “Closing Bell.”
“Obviously, this week didn’t feel normal by any means, but on balance markets correct 10% a year since the early 1900s,” added Katz, who Forbes ranks as the No. 1 high-net worth wealth advisor in New York City.
Katz’s appearance came on the heels of a tumultuous week for financial markets as investors…
Source cnbc.com