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Deutsche Bank: We expect the stock market to go 'up and soon'

From businessinsider.com

"We expect the next 5%+ S&P price move to be up and soon." That's the gutsy call Deutsche Bank's chief US equity strategist, David Bianco, made in a note to clients on Monday. It follows what's been the worst-ever start to the year for the stock market, which has seen the S&P 500 plunge 8% in just two weeks. "We are not panicked by this correction because we understand it," he said. "It's driven by a profit recession centered at certain industries caused by factors that we've long flagged as risks with detailed research and quantified sensitivities." Bianco's no stranger to making contrarian buy calls when stock ... (full story)

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