Market bounce back could be a ‘bull trap,’ trader warns after cutting equity exposure

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The market's latest comeback may be a "bull trap," one investor warns.The major averages erased their losses for the week on Thursday as concerns around China Evergrande's debt crisis cooled and investors cheered the Federal Reserve's choice to keep stimulus in place for now.But investors shouldn't get too comfortable yet, Joule Financial chief investment officer Quint Tatro told CNBC's "Trading Nation" on Thursday."We're starting to become concerned with the complacency that we see out there among traders," said Tatro. He said his firm recently reduced its equity exposure "for the first time in a long time.""We're ... getting concerned with this perpetual idea that we're always going to be bailed out," he said. "We do think we could see some further downward momentum here, and we're not getting all excited in this latest snapback rally. We think it could be a little bit of a bull trap, and we're going to stay a little bit more on the sidelines than we have in the past."Though
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