"Do not follow global panic and do not sell your stock yet!"
The call came from UBS, expecting global growth from the bank, and profits in emerging markets will overwhelm worries, and the bullish trend will continue.
"We do not believe that now is the time to reduce your stock exposure," notes Mark Haefele, Wealth Manager at UBS.
"While the recent rise in bond yields is moderate, we are confident that market conditions will remain good," he added.
"If bond yields continue to grow at these rates, inflation data will accelerate further, or if central banks start sending more bold signals, we may need to review this perspective," said Haefele.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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