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The Tell: ‘Sell the inauguration’ speculation is stock-market ‘nonsense,’ says Wall Street bull

Expectations for at least a near-term stock-market correction once Donald Trump takes the presidential oath of office on Jan. 20 are running high. But one well-known Wall Street analyst argues that investors should shut out the speculation.

In a Friday note, Brian Belski, chief investment strategist at BMO Capital Markets, observed that, based on client conversations, a number of investors are convinced stocks are set for a “meaningful correction.”

Read:Investors are bracing for a massive stock-market selloff

At the same time, he said, those clients aren’t looking for a prolonged bear market, but are instead cooling their heels in hopes that a pullback will offer better buying opportunities, particularly once the odds of Trump’s proposals becoming enacted is more clear.

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