Santa rally for stocks? Get out while the getting is good, says this strategist -Marketwatch
"After some brutal selling in October, the last quarter of the year is already stacking up to be the worst since September 2015. Investment advisers are sounding some end-year caution. Our latest and call of the day, from Seema Shah, global investment strategist at Principal Global Investors, says 'take cover, worse has yet to come,' when it comes to equities.
Shah says 'rather than a signal of renewed equity market strength - any year-end rally should be considered an opportunity to exit U.S. equities.' Shah's concerns are based on some familiar themes - Fed tightening, a negative economic hit from a strong dollar, POTUS stimulus that is slowly fading, a rout for tech stocks and the U. S-China trade spat. But one of these stands out bigly. 'I should emphasize again that my negative outlook for U.S. equities rests heavily not on assumptions about the trade war, but on the reversal of easy monetary conditions,' Shah says."