A notice from an analyst at UBS on Firday says its ‘Goldilocks’ time for US equities.
The positives for equities embrace:
- financial progress,
- ongoing disinflation,
- Federal Reserve charge cuts to come back (UBS forecast the primary lower in Could)
Says that whereas “much of this good news is priced in and valuations look relatively expensive” that “doesn’t forestall extra upside”
- as a result of whereas the benchmark S&P 500 is dear relative to historic ranges (however are low cost outdoors of large-cap progress & tecn shares), valuations are a “poor predictor of market reversals”
- the inventory market is presently in a ‘Goldilocks’ stage
What
a
beast.
This text was written by Eamonn Sheridan at www.forexlive.com.
