Although the Dow rebounded strongly on Monday from Friday's slump, its biggest one-day gain since March 5, Christina Hooper (Kristina Hooper), global chief market strategist at asset management giant Invesco (Invesco), warned in a post-market interview on Monday that US stocks could still face a 10-15 per cent correction.

The move comes a day after Mark Zandi (Mark Zandi), Moody's chief economist, issued a similar warning that US stocks could pull back by 10-20 per cent.

"We are in an unstable period," Hooper said. Because we haven't seen any big sell-off in the stock market for a long time. In addition, we are seeing the Fed trying to adjust to a very different position, and there is always a risk when the market is largely driven by the Fed. "

However, Hooper is still bullish on the stock market for a long time, saying that due to the strong economic recovery, the stock market will recover quickly after a sharp fall, and intends to take advantage of this decline to bottom out.

"once we see the share price fall by 8% to 10%, I will buy it," she said. This may be a big opportunity that investors have been waiting for. "

On this point, Hooper and Zandi have slightly different views. Zandi believes that the stock market will not recover quickly after the crash, especially because the current market valuations are very high. He estimates that it may take a year to break even.

But Zandi also believes the US economy will avoid recession because the decline is more due to excessive increases in risky asset prices than serious fundamental problems.

Hooper also said she expects stocks related to the economic recovery to outperform growth stocks in the second half of this year.

"remember, this is a strong economic recovery," she said. This will benefit cyclical stocks and small-cap stocks. "

However, Hooper also believes there are benefits to holding growth stocks, especially large technology stocks, although such stocks may come under pressure in the near term as the Fed seeks to phase out loose monetary policy.

"in the long run, I'm very excited about the technology industry," she added. "there are a lot of strong catalysts in the market, and I think they will do really well if they look at one or three years from now."