A snippet from UBS on their concerns over US equity pricing.
Analysts at the bank say they don't think the likelihood of tighter credit conditions and lower growth is adequately reflected in US equity market pricing today
- UBS instead advise investors to get into high quality bonds, saying there is “better risk-reward’ there.
- To stay with equities, better off in emerging markets, including China, but also defensive stocks such as consumer staples and utilities.
