S&P 500 seen at around 3,800 by December – UBS
|Economists at UBS discuss the equities outlook.
Higher volatility expected in the months ahead
“Given a rally driven by only a handful of names, relatively expensive valuations in large-cap growth and technology stocks, and the negative impact of credit tightening on company earnings, we expect higher volatility in the months ahead, and see the S&P 500 at around 3,800 by December.”
“We prefer emerging market stocks, which should benefit from peaking US rates, higher commodity prices, a weaker US Dollar, and China’s recovery.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.