US's S&P 500 might correct as much as 15 percent this year

The S&P 500 could see a 10-15 percent correction sometime this year if the Donald Trump administration adopts policies including tax cuts, deportation of illegal immigrants, tariff hikes and regulation relaxation, said JPMorgan strategist Michael Cembalest.
The S&P 500 has risen over 20 percent for two consecutive years, which has only happened 10 times since 1871, said Cembalest.
He called on investors to plan accordingly, noting that US stocks should end the year at a higher level than at the beginning of the year, but investors should hold enough liquidity to cope with potential volatility.
(Cici Cao)