A research house that saw March's coronavirus-driven market correction coming as early as February is recommending investors"buy the dip" if stocks fall 5-10% from current levels,BCA Research analysts led by Peter Berezin, acknowledged a"nervous" atmosphere in global markets, but said in the firm's third quarter outlook report that they recommend investors"'buy the dip' if global equities were to fall 5% to 10% from current levels.
"The US Congress will ultimately extend fiscal support for households and firms. Around the world, both fiscal and monetary policy will remain highly accommodative, which should provide a supportive backdrop for stocks," Berezin added. GOLDMAN SACHS: Buy these 13 stocks that are poised to crush the market within the next 2 weeks as earnings season gets underway
"We are unlikely to see the sort of broad-based economic dislocations experienced in March," the analysts wrote given masks and other preventive measures are likely to still be in place.