A chief market strategist said that investors should expect stock market volatility to continue well into the future after the S&P 500 once again posted losses. With markets closing 2.1% down on Monday, Gareth Soloway has suggested this is a sign of things to come. He does not expect a notable recovery in the next five to ten years, making the case to hold gold.
He said, “The stock market has made its highs in 2021. We will not take those highs out for five to ten years. You’re going to have this Genie that’s out of the bottle named inflation, it’s not going to go back to 2% or under for a long, long time. That’s going to mean that the Federal Reserve is not going to be able to print us out of the future recessions that are going to come, especially this next one.”