Investors should get used to the market volatility, according to Strategas. The firm believes that the volatility marks 'a return to normal.' The relatively calm market in the last 13 years amid a long stretch of uninterrupted quantitative easing was an exception, chief investment strategist Jason De Sena Trennert wrote in a Thursday not.
'As we believe that inflation and inflationary expectations are reverting to the mean and that the pace of globalization is in the process of slowing markedly, it seems reasonable to assume that the 'great moderation' that started in the early 1980s is over,' Trennert said. 'Thus far in 2024, the market has traded in a 17% range, suggesting further market gyrations are to be expected even in the best of times.
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