An earlier headline implied that Saut is out of the market completely. He remains positive on stocks over the long term but is cautious near term.
This story has been updated to reflect President Xi Jinping's proper title.
This story was revised to correct the price that Snap insiders sold their shares as part of the IPO allocation. It was $17 per share.
An earlier version of this article misstated the date that the Federal Reserve's two-day policy setting meeting begins. It begins on March 14.
The Dow first closed above 20,000 on Jan. 25. An earlier version misstated the date.
This story was revised to correct that it was Buffett's Berkshire Hathaway that purchased 76 million shares of Apple in January.
This story was revised to correct the release date of the Labor Department's jobs report for February. It's March 10.
This story has been updated to reflect that EY's survey found that U.S companies believe the tax environment has become more challenging the past year.
This story was updated to reflect that Workday reported earnings per share of 7 cents for the fourth quarter.
This story was updated to correct the spelling of Procter & Gamble.