UBS says it expects stocks to trade higher 'over the coming 6-12 months'

Investing.com -- Ongoing volatility in equities is expected in near-term, although shares should trade higher in the coming 6-12 months, according to analysts at UBS.) in particular reversing an earlier loss stemming from a Bloomberg News report that it had been sent a subpoena by the US Department of Justice.all recorded their biggest daily percentage fall since August.

"The S&P 500 has declined in September in each of the last four years and seven of the last ten. This historical context may help explain why Tuesday's move could be signaling a broader risk-off sentiment as investors brace for potential volatility," the analysts said. Meanwhile, the Federal Reserve will likely be monitoring the labor market numbers as policymakers gauge a potential interest rate cut at their next gathering later this month.

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