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

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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.