A UBS asset allocation chief told us what investors should own to profit from a market that's facing the triple threats of little upside, a recession, and a banking crisis
He says there's not much upside in equities today ahead of a potential US recession.Almost a year ago investors became convinced that, as the Federal Reserve began dramatically raising interest rates to contain inflation, a recession would swiftly follow.
The benchmark S&P 500 is up about 8% in 2023 and 3% over the last 12 months. Draho said that performance reflects the fact that investors think things are going to turn out fairly well. "If growth continues to moderate and inflation continues to moderate it's kind of a slow burn lower," he said. Draho also said that if just one or two issues like earnings, interest rates, or the economy's trajectory turn out worse than expected, that would alarm optimistic investors — and send stocks tumbling.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
AMC stock falls, APEs rise on stock conversion agreementAMC has been looking to resolve its proposed conversion of APE units into common stock.
Lire la suite »
UBS announces Credit Suisse CEO Koerner to join board after emergency rescueUBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken bank completes.
Lire la suite »
UBS says Credit Suisse CEO Koerner to join leadership of combined groupUBS Group said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the combined bank once it closes its takeover of its Swiss rival, while Todd Tuckner will replace Sarah Youngwood as chief financial officer.
Lire la suite »
UBS Refreshes Management Team to Integrate Credit SuisseThe Swiss banking giant said it is evaluating all options for Credit Suisse’s Swiss business, which some politicians in the country want to be spun off into a separate unit or divested.
Lire la suite »
5 takeaways from Berkshire Hathaway's annual meeting: UBSUBS shares its 5 top takeaways for investors from Berkshire Hathaway's 'best annual meeting in years' — including how Warren Buffett's successor will take over
Lire la suite »
Reshoring is an emerging trend, earnings calls show — A UBS analyst gives his top pickAnnouncements of what Eaton calls 'mega projects' have totaled almost $600 billion in just the U.S. and Canada alone in a little more than two years.
Lire la suite »