The spike in market volatility risks turning one of this year’s biggest stock buyers into a seller, according to Wall Street’s top equity bull.

Volatility is here and set to spread.

The global carnage spurred by the trade war is far from over.

Investors slammed the eject button without a clear and immediate catalyst on Wednesday morning, turning what was poised to be a positive open into a sea of red.

Investors should buy stocks because the recent sell-off has prompted a surge in corporate repurchases and the risk of computer-driven selling is dissipating, according to JPMorgan Chase & Co. strategist Marko Kolanovic.

The explosion in volatility from the escalated U.S.-China trade war has made hedging more expensive than it was just a few days ago but strategists still see relative opportunities in downside bets on the Nasdaq 100.