S&P 500 Index: Recent rally looks vulnerable as recession fears mount – UBS SP500 Banks Fed Growth
The S&P 500 has gained 12.6% from its 2022 low in mid-October. However, the recent equity rally looks vulnerable, in the view of analysts at UBS.Fed
“The path back toward the Fed’s 2% inflation target could be bumpy, sparking renewed concerns about how high rates will have to rise. In addition, we believe markets have been downplaying the threat posed by slowing growth to earnings.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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