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Investors should brace for a 15%-20% downdraft due to escalating risks, BTIG’s Julian Emanuel warns

(CNBC) The risk has clearly risen,’ BTIG’s Julian Emanuel warns.BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise.

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