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Buy Stocks After This 'Mini-Correction,' BlackRock's Investment Strategist Says

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Buy Stocks After This 'Mini-Correction,' BlackRock's Investment Strategist Says

Wednesday's market sell-off was merely a "mini-correction" and should be considered a buying opportunity, at least according to Terry Simpson, a multi-asset investment strategist at the BlackRock Investment Institute.

Speaking as a guest on CNBC's "Trading Nation" Wednesday, Simpson isn't worried about a triple-digit decline in the Dow Jones Industrial Average index or a more than 2-percent decline in the Nasdaq index. In fact, this represents a "nice opportunity" for investors to put capital to work.

Buy The Trump Dump

He explained part of the decline in Wednesday's session is attributed to the growing concern that political turmoil out of the White House could put President Donald Trump's tax cut and reform plans on hold.

But Simpson emphasized the fact that the political turmoil is likely to just put a "dent" in the legislative agenda. Meanwhile, his strategy at BlackRock was always to assume that tax reforms wouldn't come in 2017, but if it did it would represent a "bonus."

As such, Simpson sees no reason to make any changes to his investment strategy — at least for the time being. After all, he highlighted the fact that the U.S. economy's cyclical recovery remains in place and corporate earnings are strong.

Bottom line, investors should perhaps be more focused on economic fundamentals which remain strong, rather than the headlines coming out of the White House.

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