Singapore
MARKET strategists are mostly unfazed by the recent market correction, and say that the recent downdraft is a "buy" opportunity.
Global stock markets lost some US$5 trillion in value in early February, as markets entered into correction territory. They have since retraced some of the losses. MSCI all-country indices show that February returns are negative, but year-to-date returns remain in the black.
BlackRock's global chief investment strategist Richard Turnill has, for instance, upgraded US equities to "overweight" from "neutral", citing strong earnings momentum. In a note this week, he said that impending US fiscal stimulus is "supercharging" US earnings growth expectations.
"Our US...
Keyword added to your list