The stock market is approaching a ‘once-in-a-generation’ buying opportunity as profits are about to take off almost everywhere, investment firm says

• Stocks are approaching a “once-in-a-generation” buying opportunity, analysts from RBA say.
• Corporate-profit indicators are hitting a trough in the US and global stock markets.
• That means earnings are about to take off in nearly every area of the market, the firm says.

Investors could soon face a once-in-a-lifetime investment opportunity in stocks, thanks to a coming pop in corporate profits across sectors of the market, the investment firm Richard Bernstein Advisors says.

“Our view has been that the economy isn’t actually landing,” RBA said in a note Tuesday, pointing to fears that the economy could be headed for a hard landing or a coming recession. “Furthering the airplane metaphor, we see profits taking off,” it continued, adding: “Corporate profits are accelerating and the overall economy looks set to remain quite healthy.”