Markets fall but analysts remain optimistic

Markets were mostly lower on Tuesday.

The S&P 500 fell 0.5 percent and the STOXX Europe 600 fell 0.5 percent but the Shanghai Composite rose 0.2 percent.

Despite the decline on Tuesday, many analysts remain optimistic on stocks.

“Our stance on equities is still constructive in the medium-term, even if it’s bumpy ride due to risks including Brexit, U.S.-China trade friction and uncertainty around the U.S. election,” said Michele Morganti, equity strategist at Generali Insurance Asset Management.

WealthWise Financial CEO Loreen Gilbert said that the US stock market will return to all-time highs this year. “We are in a bull market run,” she said.

JPMorgan Private Bank’s head of equities strategy Grace Peters said she sees “around a 10% upside over a 12-month view”.

Canaccord Genuity strategist Tony Dwyer said that “excess liquidity” and “a synchronized global recovery” have created an environment “that really sets the stage for intermediate-term opportunity”.