"rip your face off-type rally". Raymond James strategist Jeffrey Saut said Tuesday stock investors should get ready for a "rip your face off-type rally."
"You've got massively oversold conditions in the equity markets," the firm's chief investment strategist told CNBC's "Squawk Box." He said stocks could reach new highs by year-end: "The setup is pretty good for a rally to the upside that's going to surprise a lot of people