- Analytics
- News and Tools
- Market News
- S&P 500 Index to target 3700 by June 2021 – UBS
S&P 500 Index to target 3700 by June 2021 – UBS
FXStreet reports that given the event risk around the US election, near-term uncertainty is high but economists at UBS think the setback to risk assets is likely to be relatively short-lived.
“Regardless of who wins the presidency, we expect another sizable fiscal stimulus bill to pass soon after the election. Both monetary and fiscal policy should remain accommodative. And with ten vaccine candidates in late-stage trials globally, our central scenario is that restrictions can start to be lifted by 2Q21, helping corporate earnings recover to pre-pandemic levels by around the end of 2021.”
“We continue to see upside over the medium-term, and target 3,700 on the S&P 500 by June 2021, around 13.2% higher than the current level.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
