In a new remark for clients published on Friday, the main investment strategist Brian Belski BMO – one of the oldest bulls on the street who quickly called back in 2022 – claims that uncertainty and fear of this market moment is no reason to pull your view of markets and economics.
“Given the increased negative joke and many macrognoses, which were revised at the disadvantage, we were flooded not only from our opinion, but also directly – why we do not change our opinion,” Belski wrote.
In addition to not knowing the process of other companies and claiming that trends specific to society are extrapolated to the wide market, Belski added: “Unfortunately, uncertainty generates the emotions that come from fear. … To be dull, we believe it is inappropriate to change predictions for uncertainty and fear. ”
Thursday S&P 500 (^GSPC) entered the correction area, defined as a 10% decline from the recent maximum.
“We know that repairs do not necessarily level markets,” Belski added.
More generally, Belski sees the way the market has acted in the last two years – basically rising in the middle of the enthusiasm of AI and riding a wave of strong economies – because he prepared us for the current moment of instability.
Here's Belski, with a quote of money about where things stand in the mind of his team when we are heading for the end of the harsh week for the markets:
