Stocks turn sharply higher — Five market experts on why they stay optimistic

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Five market strategists and portfolio managers explain why they are bullish on the market long term despite the current volatility.

"We've got really strong momentum coming into the fourth quarter. And, I think a couple of things that are really good — one of them is the stimulus that has already been introduced here over the last year, and don't forget this is unprecedented and massive stimulus, takes about a year to start working really and maybe we'll start to see some of that start to work here in the fourth quarter a little bit as well.

Gabriela Santos, global market strategist at JPMorgan Asset Management, lays out her approach to portfolio management. "We have a positive view on the direction of risk assets in the medium-term. For equities, we still think we're in a structural bull market and at the beginning of a cyclical bull market. The data is moving in the right direction, and we expect to have plenty of policy support for the first few years of this recovery, but we would very much agree that volatility is still in the cards for the next few months.

Brian Belski, chief investment strategist at BMO Capital Markets, sees the Federal Reserve stepping in in the absence of federal stimulus. "I would not put it past Congress to get something done, number one, but more importantly, with respect to what the Fed has said, and if you read between the lines in terms of their language, they stand at the ready. It's more about what you do versus what you say, quite frankly, in life and in investing in general, and the Fed stepped up in March when the government was kind of being wishy-washy.

 

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Ummmmm....things change quickly

SPUS are unch

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