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UBS expect range-bound US eqty mkts that lack consistent direction until something breaks

A snippet from UBS Global Wealth Management on US equities:The market outlook is a function of how growth and inflation evolve over the next few quarters. Equities are pricing for the downward paths in both variables to be fairly smooth,But with soft- and hard-landings still both in play, the market narrative will jump around based on incoming data shifting the probabilities between the two scenarios. This implies continued range-bound markets that lack consistent direction until something break... Read More

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Expect

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Mkts

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Consistent

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Range bound

Something

Breaks

Forex

Posted: May 11 2023, 02:21

Author Name: forexlive

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