UBS raises S&P 500 value goal amid rising economic system, sturdy earnings

Merchants on the New York Inventory Trade. Supply: NYSE Even with the inventory market hitting a succession of latest highs, there’s nonetheless loads of room to run, in line with a brand new forecast from UBS. On the core of the agency’s optimism is a perception that surging earnings coupled with low inflation and principally


Merchants on the New York Inventory Trade.

Supply: NYSE

Even with the inventory market hitting a succession of latest highs, there’s nonetheless loads of room to run, in line with a brand new forecast from UBS.

On the core of the agency’s optimism is a perception that surging earnings coupled with low inflation and principally business-friendly coverage will information the market greater.

“Whereas investing at all-time highs could also be daunting for some, we imagine there may be extra upside forward,” UBS analysts stated in a be aware to shoppers.

“Following two rounds of stimulus deployed within the quarter and the continued vaccination effort, there may be rising proof that U.S. financial exercise is selecting up. The newest jobs information, enterprise sentiment readings, and retail gross sales all level to a robust restoration,” they stated.



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