BlockBeats reported that Mark Newton, a fund analyst under Tom Lee, expects global stock markets to strengthen after a short-term consolidation and said that the pullback from October mid-to-late through November could present a good opportunity.
Goldman Sachs strategists upgraded their rating on equities for the next 3 months from neutral to overweight, saying that the corporate earnings outlook is solid and that the recent decline in valuations has improved the risk-reward profile ahead of earnings season.
U.S. Treasury yields and EUR zone industrial inflation rose, while Russia expanded its foreign-exchange and gold purchases; European and U.S. equities, commodities, and crypto-related assets showed divergent performance.