The S&P 500 could post 7%-10% annualized returns in the next decade, despite a wall of uncertainty and the latest pullback, according to UBS Global Wealth.
Yes, the summer rally seems to be over for U.S. stocks, fears of a recession abound and September often shakes out to be an ugly month for equities.
It still might not be time for investors to throw in the towel and sit in cash, particularly with the S&P 500 index SPX now trading at a lower 18.7x price-to-earnings ratio after this year’s sharp market rout, according to Mark Haefele, chief investment officer at UBS Global Wealth Management. His call comes as the upswing for stocks appears to have stalled, with the Dow Jones Industrial Average DJIA struggling to find a footing after Federal Reserve Chair Jerome Powell vowed to tamp down high inflation through higher rates, even if it causes pain to households and businesses, in a blunt speech at Jackson Hole.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Today’s Stock Market News: Dow, S&P 500 Futures WaverStock futures wavered, after major indexes logged three consecutive days of losses driven by expectations of tighter Fed policy. Follow the latest markets updates.
Read more »
More than 200 iPhones among nearly 500 Apple devices stolen from Woodlands Mall storeBurglars took about 220 Apple phones, 200 Apple watches and 50 sets of Airpods.
Read more »
S&P 500 Fails at 50-Day Moving Average in Choppy Session for EquitiesS&P 500 fails at key technical moving average as equity weakness continues Risk continues to struggle following Jerome Powell’s Jackson Hole remarks. Traders now look to Friday’s NFP report for clues to September FOMC meeting.
Read more »
S&P 500, Nasdaq 100, Dow Jones Forecast Ahead of Non-Farm Payrolls (NFP)Inflation can create massive problems and historically speaking, we’re already at far-elevated levels. The most recent example of inflation in this range was in the late-70’s, the era of stagflation. Get your market update from JStanleyFX here:
Read more »
Abortion clinics overwhelmed by out-of-state travelNew Mexico and other states near Texas where abortion remains legal have seen a surge in women seeking abortions.
Read more »
Stocks are pulling back, but UBS sees costs of sitting on the sidelinesThe S&P 500 could post 7%-10% annualized returns in the next decade, despite a wall of uncertainty and the latest pullback, according to UBS Global Wealth.
Read more »