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Why I'm still bullish on equities despite the correction threat

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March 10, 2015 america, america jobs, american, american economy, asia, asia growth, asian, asian markets, emerging markets, employment, employment rate, equities, equities prices, equities trading, equity, equity market, equity markets, equity portfolio, equity portfolios, equity research, equity strategy, equity trading, eur, euro, euro area, euro zone, europe, europe growth, european, european central bank, european economy, european union, eurozone, eurozone economy, eurozone recovery, expansion, global, global economy, global equities, global financial crisis, global growth, global markets, global outlook, global slowdown, global stocks, growth, growth figures, growth forecast, growth targets, non farm payrolls, non farms, nonfarm, nonfarm payrolls, nonfarmpayrolls, oecd, recovery, saxo bank, saxo tv, trading, tradingfloor.com, unemployment, united states, us, us dollar, us economy, us equities, us government, us jobs, us jobs data, usa
The global economy is accelerating and that's being powered by Europe and Asia says Saxo's Teis Knuthsen. Following the release of the OECD's CLI for January, he says the short-term industrial cycle will further improve in the next six to eight months, even if some still fear deflation in the Eurozone.

Despite the good jobs data, Knuthsen admits the US economy hasn't had the best start to the year. But he describes this as just a 'soft patch' and expects to see it grow around 3%.

He's also still bullish on European equities. He does though expect to see a correction from current levels of between five and eight percent.