Investment strategists are starting to consider a new bearish scenario: the economy has already hit its speed limit. In Europe, the main stock benchmark sank more than 2% with the most severe losses in energy, banks and travel companies. “I am firmly in the buy the dip camp," said Marija Veitmane, senior multi-asset strategist at State Street Global Markets. “Stocks had a very strong first half supported by the earnings recovery and we expect corporate earnings to remain strong." It shows the global economy has a very low speed limit."

Source: Mint July 19, 2021 12:00 UTC