UBS raises S&P 500 forecast to 5150, expects larger returns amid falling rates of interest

UBS have raised their year-end forecast goal for the S&P 500 this 12 months to 5150.

Analysts on the agency had been beforehand projecting 4850.

UBS cites

• the Federal Open Market Committee (FOMC)’s “recent pivot”
• the following decline in charge expectations
• above-trend 2024 EPS revision
• “While earnings should drive 2024 returns, falling interest rates should support incrementally higher multiples.”

This text was written by Eamonn Sheridan at www.forexlive.com.