Dow, S&P 500 SAAR, Nasdak returns to the best day of November to cover the unstable week

In a new client note released on Friday, BMO chief investment strategist Brian Bellski – one of the most stringent bulls on the street, which quickly called on a 2022 market turnaround – argues that uncertainty and fear of this moment on the market is not a reason to increase your views and economics.

“Given the growing negative banter and many macro predictions are revised to deficiency, we are flooded by clients not only to our opinion, but also directly – why we do not change our view,” Belski wrote.

Despite not knowing the process of other companies and claiming that company -specific trends are extrapolated to the broad market, Bellski added: “Unfortunately, uncertainty creates emotion, which comes from fear.

On Thursday, S&P 500 (^GSPC) entered the correction territory, defined as a drop of 10% of recent elevations.

“We know that corrections do not have to be equal to the new markets,” Belski added.

Wider, white has been looking at the way the market has acted in the last two years – essentially climbing AI’s enthusiasm and driving the wave of strong economy – as it set us for the present moment of instability.

Here’s the white, offering money on where things stand in his team’s mind as we refer to the end of a rough week for the markets: