Capitalize Financial
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
Capitalize Financial
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Real Estate
  • Cryptocurrency
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Markets

Credit Suisse says there may be opportunity ahead as stocks globally appear poised for a ‘deeper correction’

by capitalizefinancial
May 20, 2021
in Markets
0

The data is becoming “much choppier” as global growth momentum approaches a peak, Farris, the firm’s South Asia CIO, told CNBC’s “Squawk Box Asia” on Wednesday.

“We’re probably going into a deeper correction in equity markets globally,” Farris said.

He said, however, that a correction may present investors with a “great opportunity” after stocks globally kicked off the year with a strong start.

By the end of the first quarter, the S&P 500 stateside jumped nearly 6% from its final close of 2020. In that same period, the pan-European Stoxx 600 surged around 7.66% while the Nikkei 225 in Japan gained 6.32% and Hong Kong’s Hang Seng index jumped 4.21%.

“Our focus has been to not chase the market higher over the last couple of months,” Farris said. “We’ve been very careful to be stuck at strategic weights for equities in portfolios because we want to have the resources to take advantage of a correction.”

He explained that in the 30 years up to 2019, “the average correction was about 14% but the average gains from that trough of that correction were 39%.” Farris said in 2020 the S&P 500 saw an average correction of about 9%, while the subsequent gains were about 29%.

Continues..

Previous Post

Nord Stream 2: Biden waives US sanctions on Russian pipeline

Next Post

US says it opposes UN resolution calling for Gaza cease-fire

Next Post
US says it opposes UN resolution calling for Gaza cease-fire

US says it opposes UN resolution calling for Gaza cease-fire

Search…

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial’s ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.

Recent News

Most say nation on wrong track, including Dems: AP-NORC poll

Peaky Blinders: The True Story Behind Alfie’s Uncle Charles Solomons

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • Georgia
  • health
  • Markets
  • Music
  • Politics
  • Real Estate
  • receipe
  • Science
  • science
  • Sports
  • Sports
  • Tech
  • Travel
  • World

Site Navigation

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

Capitalize Financial, a news portal which provides the financial news global wide.

  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Unsubscribe

© 2021 Capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Markets
  • Real Estate

© 2021 Capitalize Financial All Rights Reserved