The turbulence that hit the global stock markets last week seems to have died down, with Wall Street making a strong comeback on Friday and Asian markets rallying on Monday. But ahead of the release of the third-quarter growth figures from China later today, it is not yet time to breathe easy.

Here's what four strategy teams say:

Citi Research: "Be Brave"

It only makes sense to act now if you are a long-term, value-driven investor with the ability to weather this volatility. Citi encourages investors to "Be Brave", for a number of reasons: The macro sitution is still sound while lower oil prices may stimulate the economy.

Morgan Stanley Research: "Good for Indonesia, less so for Singapore"

Lower crude oil prices will likely boost Indonesian stock markets because it gives the new government a longer period of time to institute fuel subsidy reforms.

Singapore's stock market could benefit less as the economy is affected by the global economy.

HSBC Global Asset Management: "Upbeat on China and India"

Diversify, diversify, diversify. Even though Asian markets offer good value, there is going to be lots of volatility.

China has announced a raft of reforms to improve market efficiency that will put the country on a more sustainable growth path.

In India, steps are being taken to curb high inflation and balance the budget. Foreign investor sentiment has improved.

Schroders: "More cautious on stocks now; US stocks could do well"

Stocks are still the preferred choice. In the medium-term, companies should still be able to grow their profits.

US stocks are tipped to do well as the domestic economy should continue to recover.