Time to buy stocks again, market mavens say

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BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central ...

BlackRock and Credit Suisse reckon it is time to get back into equities after markets rallied this week following massive government and central bank stimulus packages to fight fallout from the coronavirus crisis.

The US$2 trillion U.S. fiscal stimulus has triggered big gains in global stocks, sending investors rushing to dust-off models from the 2008 crisis to gauge the right time to buy.World stocks have risen nearly 8per cent so far this week and were on track for their best weekly gain since December 2011. They have recouped more than US$5 trillion in the past two days.

"The unprecedented actions represent the type of decisive policy response we have been calling for – and set the scene for an eventual economic recovery," Jean Boivin, head of BlackRock Investment Institute, said on Thursday.

 

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