UBS says to shake off short term volatility and not miss out on rebounds:
- Market sentiment and positioning had become extended — making a pullback more likely.
- But market fundamentals remain positive, and we continue to expect the S&P 500 to recover and end the year higher at 5,900
UBS still like prospects for long-term growth opportunities in artificial intelligence trend. Expect lower interest rates ahead, so lock in yield on high-grade government and corporate bonds.
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Thursday was an ugly one:
Trust your systems?
