BCA Research Strategist Reverses Market Call After U.S.-Iran Tensions Escalate, Post 1.1% Loss in 24 Hours

According to Bloomberg, on Tuesday, BCA Research chief investment strategist Marko Papic recommended clients short U.S. equities and buy European and Japanese stocks, citing easing Middle East tensions. However, less than 24 hours later, President Donald Trump announced the U.S.-Iran ceasefire had ended, forcing Papic to reverse the recommendation, which resulted in a 1.1% cumulative loss.
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