The war in Iran may be showing few signs of easing, but Wall Street strategists are encouraging investors to start buying stocks again.
This month’s pullbacks in the S&P 500 and Nasdaq 100 indexes have sapped investor sentiment as hostilities in the Middle East push oil prices higher and raise inflation fears. Still, stock market strategists at Barclays Plc, CIBC Capital Markets and Truist Advisory Services Inc. are advising clients to look past the near-term risks, citing attractive valuations, solid profit estimates, optimism over artificial intelligence technology and a history of market rebounds after geopolitical shocks.
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