Dow, S&P 500 soar, Nasdaq rebounds in best day since November to cap volatile week

In a new note for customers who published on Friday, the largest investment strategies in BMO Brian Bilsky – one of the most powerful bulls in the street who rushed to summon the market in 2022 – argue that the uncertainty and fear of this moment in the market is not a reason to increase your view of the markets and the economy.

“Given the increased negative joke and many overall predictions that are revised to the negative side, the clients were immersed not only in our opinion, but directly – why we do not change our view,” Bilsky wrote.

In addition to not knowing the process of other companies and the argument that the trends of the company are extracted to the broad market, Bilsky added: “Unfortunately, he generates uncertainty, which comes from fear … to be frank, we believe that it is inappropriate to change expectations for uncertainty and fear.”

On Thursday, the S&P 500 (^Gspc) entered a correction area, defined as a 10 % decrease from the last highlands.

“We know that corrections are not necessarily equal to bear markets,” Bilsky added.

On a wider scale, Belski sees the way the market has spent over the past two years – it is mainly rising amid the enthusiasm of artificial intelligence and riding the wave of strong economy – as we have explained for the current moment of instability.

Here is Belski, with the quotation of money about the place where things stand in the mind of his team and we are heading towards an approximate weekend of the markets: