US equities stabilized as the S&P 500 dipped 0.1% to 5,867, while 10-year Treasury yields rose to 4.57%. UBS forecasts the index to reach 6,600 by the end of next year, despite fewer anticipated Fed rate cuts, emphasizing a focus on high-grade bonds and diversified income strategies.
UBS projects the S&P 500 to reach 6,600, despite an anticipated reduction in the number of Federal Reserve rate cuts. This outlook reflects confidence in market resilience amid changing monetary policy dynamics.
UBS forecasts the S&P 500 to reach 6,600 by the end of next year, despite expectations for fewer Federal Reserve rate cuts, now anticipated in June and September 2025. The Fed is closely monitoring labor market trends and inflation, with core inflation currently at 2.8%. Investors are advised to focus on high-quality bonds and diversified income strategies while considering the overvaluation of the US dollar.
Cryptocurrency stocks, including MicroStrategy and Coinbase, have seen significant declines, dropping over 5% amid a broader market downturn linked to Bitcoin's price collapse to an intraday low of $92,245. Despite the bearish sentiment, Dogecoin founder Billy Markus shared a cryptic post reflecting humor about the situation, hinting at potential buying opportunities as market volumes for Bitcoin, Dogecoin, and Ethereum surged, indicating investor confidence in future rebounds.
UBS Asset Management’s Kevin Zhao plans to purchase US Treasuries during the holiday season, anticipating a selloff due to thin trading volumes. He believes that President-elect Donald Trump's policies will negatively impact the economy, contrary to the prevailing view that they will boost growth and inflation, thus affecting the bond market.
Kevin Zhao of UBS Asset Management plans to purchase US Treasuries during the holiday season, anticipating a selloff due to thin trading volumes. He believes that President-elect Donald Trump's policies will negatively impact the economy, contrary to the prevailing view that they will boost growth and inflation, thus affecting the bond market.
UBS Asset Management’s Kevin Zhao plans to buy US Treasuries during the holiday season, anticipating that President-elect Trump’s policies will negatively impact economic growth. Despite a market trend of selling off Treasuries, Zhao believes yields will rise to 4.6% before year-end, and he is adjusting his strategy to capitalize on potential market volatility. He argues that the benefits of tax cuts are being overestimated and may not materialize until 2026.
UBS Asset Management’s Kevin Zhao plans to buy US Treasuries during the holiday season, anticipating that President-elect Trump’s policies will negatively impact economic growth. Despite a market trend of selling off Treasuries, Zhao believes yields will rise to 4.6% before year-end, and he sees potential buying opportunities amid holiday market volatility. He argues that the benefits of tax cuts are being overestimated and may not materialize until 2026.
Standard & Poor's has confirmed Raiffeisen's long-term and short-term credit ratings at "AA-" and "A-1+", respectively, highlighting the bank's excellent capitalization and solid credit quality. With a 17.9% market share in the Swiss mortgage sector, Raiffeisen reported a profit of CHF 641.6 million in the first half of 2024 and anticipates solid business development for the year, though results may not match the previous year's extraordinary levels.
Stargate, a cross-chain bridge on LayerZero, has been offline for over six hours due to a malfunction in its Decentralized Verifier Networks (DVN) executors, causing significant transaction delays. Blockchain security firms PeckShield and ExVul have warned users to refrain from cross-chain transfers, as approximately 29,700 transactions are currently stalled. LayerZero's technical team is actively working to resolve the issue.
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