What's next for equities? UBS weighs in
UBS analysts have provided a detailed outlook on the future of equities, suggesting a mixed but ultimately optimistic view despite recent market pressures.
Firstly, the broader market context remains favorable."US economic and earnings growth is solid, and inflation continues to cool," UBS notes. They highlight that the S&P 500, although down 2% for the week ending July 19, is still up 15% year-to-date and near its record high. One of the key sectors UBS favors is technology, particularly in the realm of artificial intelligence."Rising investment in AI should also create a supportive environment for equities," they state, advising investors to ensure they have sufficient long-term exposure to AI. Despite recent setbacks for tech stocks, UBS sees this sector as a crucial component of future growth.
In conclusion, UBS projects a constructive outlook for equities, driven by resilient economic and earnings growth, falling inflation, and increased AI investment.
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