Thursday, 27 May 2021

Markets eke out gains, “keep buying the dips”

Markets mostly eked out small gains on Wednesday.

The S&P 500 rose 0.2 percent, the Nikkei 225 rose 0.3 percent and the STOXX Europe 600 was flat.

Analysts remain optimistic.

Scott Wren, senior global market strategist at Wells Fargo, said that a strong economic recovery and low interest rates “should favor most equity markets globally, and especially those markets and sectors most closely correlated with economic growth”.

CNBC’s Jim Cramer said on Tuesday that “you need to keep buying the dips”.

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