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 expects global stock markets to perform well from November through April next year, and said a weaker U.S. dollar would also support emerging markets. Newton added that "now is not the time to panic," arguing that any pullback from the second half of October into November could create one of the best buying opportunities of the current cycle. The remarks were reported by BlockBeats on Oct. 14.
BlockBeats reported on Oct. 14 that Mark Newton, an analyst at a fund run by Tom Lee, said in an interview that global equities are likely to consolidate in the short term before entering a stronger upswing.
Newton said he expects global stock markets to post strong performance from November through April next year. He also said a weaker U.S. dollar would be supportive for emerging markets.
He added that "now is not the time to panic," and said a pullback from the second half of October into November could create the best buying opportunity of the current cycle.
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