NEW YORK, NY - AUGUST 15: Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 15, 2019 in New York City. Following its worst day of 2019, the Dow Jones Industrial Average opened slightly higher on Thursday morning. Trade tensions between the United States and China continue to cause volatility in the markets. Drew Angerer/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==
NEW YORK: Investors should stick with their stocks despite the sell-off this week because it would be harder to time the market and get back in, according to Brian Levitt, global market strategist for North America at Invesco.
US equities suffered one of the deepest sell-offs of the year last Wednesday as mounting signs of a global economic slowdown stoked fears of a recession. The slump came as a key portion of the bond curve inverted - meaning short-term rates were higher than long-term yields - an indicator that’s previously been a recession warning.
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