January’s huge market correction was just the beginning of a lost decade in stocks, Stifel’s chief equity strategist says

Stocks experienced a brutal correction in January before bouncing to end the month down roughly 5%. That may be just the start of the pain for passive “buy-and-hold” investors, according to Barry Bannister, the chief equity strategist at Stifel, a St. Louis–based investment bank.

In fact, the strategist is predicting an entire decade of suffering ahead for markets as the Fed raises interest rates, with 0% returns for investors.

“Buy and hold is the ideal strategy in the bull phases…but…