Stocks are pulling back, but UBS sees costs of sitting on the sidelines

Yes, the summer rally seems to be over for U.S. stocks, fears of a recession abound and September often shakes out to be an ugly month for equities.

It still might not be time for investors to throw in the towel and sit in cash, particularly with the S&P 500 index SPX now trading at a lower 18.7x price-to-earnings ratio after this year’s sharp market rout, according to Mark Haefele, chief investment officer at UBS Global Wealth Management. His call comes as the upswing for stocks appears to have stalled, with the Dow Jones Industrial Average DJIA struggling to find a footing after Federal Reserve Chair Jerome Powell vowed to tamp down high inflation through higher rates, even if it causes pain to households and businesses, in a blunt speech at Jackson Hole.

UBS trying to scrounge up bag holders

What are you all on? Do you even trade on the real market or just look at “quality stocks”(way over traded) & ETFs? 90% of non-ETF stocks are already between 70-90% down! Barring Apple & ETFs all other stocks have been in a bear market since Feb21! Let’s make smth of these highs

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Today’s Stock Market News: Dow, S&P 500 Futures WaverStock futures wavered, after major indexes logged three consecutive days of losses driven by expectations of tighter Fed policy. Follow the latest markets updates.
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Stocks are pulling back, but UBS sees costs of sitting on the sidelinesThe S&P 500 could post 7%-10% annualized returns in the next decade, despite a wall of uncertainty and the latest pullback, according to UBS Global Wealth. What are you all on? Do you even trade on the real market or just look at “quality stocks”(way over traded) & ETFs? 90% of non-ETF stocks are already between 70-90% down! Barring Apple & ETFs all other stocks have been in a bear market since Feb21! Let’s make smth of these highs UBS trying to scrounge up bag holders
Source: MarketWatch - 🏆 3. / 97 Read more »