‘Every Market Is Oversold’: Wall Street Bulls on Ukraine Crisis
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Wall Street strategists, bullish before Russia’s military buildup near Ukraine’s border, are mostly sticking to their view that stock markets can weather Europe’s brewing security crisis. For now at least.
After a week of volatility, they say loose financial conditions and growing corporate profits will anchor large-cap indexes amid deteriorating relations between Moscow and Western powers. Corporate balance sheets, meanwhile, will prove broadly resilient to higher energy prices and disrupted supplies.