close
close

Dow, S&P 500 Soar, Nasdaq rebounds best day since November to pop the volatile week

In a new hint for customers published on Friday, the BMO boss investment strategist Brian Belski -one of the fixed bulls of the street, which quickly described the market for the turnaround in 2022, that the uncertainty and fear of this moment of market are no reason to apply their view of the markets and the economy.

“In view of the increased negative joke and many macroprognosis, we were not only overflowed by our opinion, but also more direct by customers – why we didn't change our view,” wrote Belski.

Belski not only argued the process of other companies and the argumented that company -specific trends on the broad market were extrapolated, Belski added: “Unfortunately, uncertainty creates emotions, which comes out of fear.

On Thursday, the S&P 500 (^GSPC) joined the correction areas defined at the latest heights.

“We know that corrections do not necessarily equate the bear markets,” added Belski.

In a broader sense, Belski sees the way the market has acted in the past two years – essentially unabated in the middle of AI enthusiasm and the wave of a strong economy – when we have prepared for the current moment of instability.

Here is Belski, with the money quotation about where things are in the thoughts of his team while we go for the markets towards the end of a hard week: