But UBS analysts are expecting that global equity valuations will sell off later this year.Stocks may be riding the ongoing bull rally back to all-time highs, but that doesn't mean Wall Street's fears of an economic downturn have completely dissipated. In fact, even prominent investors such as Evercore founder Roger Altman have called for aThat's because, while this market rally looks good for equities on the whole, its actual mechanics are much more complicated.
And according to analysts at UBS investment bank, a potential market sell-off wouldn't be solely concentrated in the technology sector. However, Baweja added that a potential equity sell-off doesn't necessarily have to come off the back of a"A starting point of low stock correlations, credit rating downgrades, and an acceleration of liquidity drain suggest valuations will likely get compromised before earnings do," he explained.