Investors have become "too complacent" in the calm before a potential storm for stock markets, according to Deutsche Bank's Maximilian Uleer.
Stock market volatility is usually indicated through the VIX index and is often considered a barometer of fear and uncertainty in the market.
Downside protection for investors Uleer also highlighted a number of opportunities for investors to lock in their gains for this year.
In the illustrated example above, the portfolio would suffer a maximum loss of 3.41% even if the stock market declined further, not accounting for trading costs, by mid-December.
Potential upside Despite the near-term risks, the market strategist pointed to the travel and leisure sector for upside potential.
Persons:
Deutsche Bank's Maximilian Uleer, It's, I'm, Uleer, CNBC's
Organizations:
Deutsche Bank's, Stock, PMI, Deutsche Bank, Uleer, Downside, Airlines
Locations:
China, Europe, Refinitiv