Markets are overrun with bearish sentiment that ignores the resilient economy, strategist says; 'Earnings can hang in there'

• The US economy remains resilient despite strong bearish sentiment on Wall Street, said Hightower Advisors' Stephanie Link. 
• She told CNBC on Friday that "underneath the surface, things are not as bad" as they seem. 
• Link added that earnings have been strong, excluding a lagging tech sector. 

The outlook on the economy isn't all bad when you take a closer look, according to Hightower Advisors chief investment strategist Stephanie Link. 

She told CNBC on Friday that despite overwhelming bearish sentiment on Wall Street, the US economy has thus far been resilient, even though the Federal Reserve may trigger a slowdown with interest rate increases.