“My gut instinct is that we may not have seen the end of this,” David Joy, the Boston-based chief market strategist at Ameriprise Financial Inc., said in a phone interview. His firm oversees about $811 billion. “I’m not convinced the downside volatility is over.”
Among the most optimistic strategists is Jonathan Golub of RBC Capital Markets LLC. “When the market turns, it’s going to happen much more aggressively than people think,” he said in an Aug. 26 interview on Bloomberg Television. Within the next three months, “we should’ve made up all of the loss that we’ve had.”