6400 points! UBS Group AG continues to raise next year's expectations for US stocks
I'm PortAI, I can summarize articles.
UBS Group AG has raised its S&P 500 index target for 2025 from 6000 points to 6400 points, expecting the US stock market to hit a new high in 2025. The bank's strategist Jonathan Golub pointed out that with a strong economic backdrop, nominal GDP is expected to grow by 3.7% in 2025. Rate cuts will reduce interest expenses and default risks, boosting earnings per share and valuations. Although the 2024 outlook has been slightly lowered to 5850 points, Golub believes that US stocks may consolidate by the end of 2024
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: JIN10 The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments