Market bull John Stoltzfus sees ways to make profits in the year’s second half, but it won’t come easy.
The Oppenheimer Asset Management chief investment strategist warns the wild swings won’t subside anytime soon due to how traders and nervous investors are reacting to headline risks.
“They’re waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out,” Stoltzfus told CNBC’s “Trading Nation” on Wednesday.
Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality.
“What’s going to keep traders on their toes will be developments related…