“(Reuters) – Investors fretting about the possibility of a big reversal in global stock markets may just want to borrow a slogan from the British – and just keep calm and carry on.
It won’t be easy given the background noise. Fears of a Russian invasion of Ukraine on top of deepening chaos in the Middle East, and the bailout of a Portuguese bank, are all fueling the pessimism. Add in expectations the U.S. Federal Reserve will raise interest rates next year for the first time since 2006, and concerns that the U.S. stock market has gone too long without a correction, and it isn’t surprising to see the glass half-empty crowd emerging from a long hibernation.
But some top investors and strategists in the U.S. and Europe say that there is little reason for alarm given the U.S. economy is picking up steam, rates are widely seen staying at low levels for several more years, and second-quarter earnings growth in both the U.S. and Europe is looking healthy…..”
The case for a 70% uptick in the S&P
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