Investing strategy: best stocks, bonds, currencies to buy now, UBS

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The world's largest wealth manager is warning investors to avoid stocks for the rest of 2023. Here's its advice across asset classes.

The firm says investors shouldn't sit on the sidelines, especially in the bond market.Different corners of the financial markets are expecting different economic outcomes this year, according to UBS Global Wealth Management. They can't all be right.

UBS isn't arguing that the stock market is wrong and on the verge of a painful reckoning. But the $2.8 trillion firm says that the difference in positioning means that stocks simply don't have much upside at this point. That last point is especially important because a lot of investors are holding more cash than usual right now. Haefele advised them to make sure they aren't underinvested.

The picture in US stocks is essentially the same, as UBS strategists David Lefkowitz, Nadia Lovell, and Matthew Tormey recently rated consumer staples, industrials and utilities as their most-preferred picks. They upgraded industrials and utilities to most-preferred from neutral this month, and downgraded the formerly most-preferred sectors of energy and real estate to neutral.

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这家全球最大的财富管理公司警告投资者在2023年剩下的时间里不要投资股票。以下是它对不同资产类别的建议。

The higher interest rates go the less attractive higher risk investments like stocks will be

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