Mark Newton, an analyst at a fund run by Tom Lee, said in an interview that global equities may consolidate in the near term before moving into a stronger advance. He said the period from November through April should be strong for global stock markets, and added that a weaker U.S. dollar would be supportive for emerging markets. Newton also said this is not the time to panic. In his view, any pullback from the middle to late part of October into November could create the best buying opportunity in the current cycle. The remarks focused on the near-term path for global equities, the seasonal window he expects to be favorable, and the potential benefit of dollar weakness for emerging-market assets.
Mark Newton, an analyst at a fund run by Tom Lee, said in an interview that global stock markets are likely to consolidate in the near term before a stronger rally resumes.
He said global equities should perform strongly from November through April. Newton also said a weaker U.S. dollar would be positive for emerging markets.
Newton added that this is not the time to panic. He said a pullback from mid-to-late October into November could create the best buying opportunity of the current cycle.
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