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- S&P 500 seen at around 3,800 by December – UBS
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.”
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