- Analytics
- News and Tools
- Market News
- S&P 500 Index set to advance nicely towards 4,700 by year-end – UBS
S&P 500 Index set to advance nicely towards 4,700 by year-end – UBS
A 1.2% rise in the S&P 500 on Tuesday left the index less than 4% below its all-time high and just 2.8% down year-to-date. Economists at UBS expect the S&P 500 Index to move slightly higher towards 4,700 by end-2022.
S&P 500 to soar towards 5,100 on an early end of the war in Ukraine
“Our base case now is for only modest upside for stocks, with our year-end forecast for the S&P 500 at 4,700, less than 2% higher than current levels. This partly reflects risks to corporate profits, and we have recently scaled back our outlook for global earnings growth to 8% (from 10%) for this year, and to 5% (from 7%) in 2023.”
“In our upside scenario of an early end to the conflict and disruptions to commodity markets, we see greater upside for the S&P 500, for a year-end of around 5,100.”
“On the downside, with a protracted conflict, the index could end the year close to 3,600.”
© 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
