Barclays: Continue Buying Amid Market Pressure, Fundamentals Stronger Than Sentiment

Odaily News Barclays stated that despite recent market volatility due to the US-Iran conflict, rising oil prices, and inflation pressures, investors should maintain allocations and buy on dips. Data shows the S&P 500 index has fallen approximately 4.2% this month. The bank's strategist Ajay Rajadhyaksha pointed out that US corporate earnings remain solid, the investment cycle continues to progress, and overall fundamentals are still stronger than market sentiment. Current asset prices largely reflect expectations of short-term shocks, with the market generally believing the inflationary impact of geopolitical conflicts will be temporary.

Meanwhile, although oil prices have risen, the long-term upside is limited, and market pressure indicators have also eased. The S&P 500 index is still about 6% away from its historical high, indicating the overall pullback is relatively contained. Barclays believes the current market is in a "wall of worry" phase; while uncertainty is high, it does not constitute a reason for long-term bearishness.