UBS says the medium-term outlook for U.S. equities is turning more constructive, even as market volatility is expected to persist in the near term. Via a note from analysts at the firm on Monday:
- “[W]e believe the medium-term outlook is positive for US stocks, supported by likely tariff moderation, Federal Reserve rate cuts, and structural growth themes,”
- UBS expects the S&P 500 to reach 5,800 by year-end under its base case, pointing to a supportive backdrop of easing trade tensions and central bank policy shifts.
- While short-term swings are likely to continue, the bank sees improving fundamentals driving further gains into 2025.
This article was written by Eamonn Sheridan at www.forexlive.com.
