---
title: "UBS downgrades US stock ratings, warning of multiple risks including policy and valuation"
description: "UBS has downgraded its rating on US stocks to neutral allocation while maintaining an overweight on emerging market equities. The bank pointed out that the US market faces multiple risks, including lo"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277232015.md"
published_at: "2026-02-27T17:23:49.000Z"
---

# UBS downgrades US stock ratings, warning of multiple risks including policy and valuation

> UBS has downgraded its rating on US stocks to neutral allocation while maintaining an overweight on emerging market equities. The bank pointed out that the US market faces multiple risks, including low operating leverage, downside risks for the dollar, lackluster buyback yields, and high valuations. The strategy team stated that the drawdown of the US market relative to the global market is the largest in nearly 15 years

UBS has downgraded its rating of U.S. stocks in its 100% equity portfolio to benchmark, or neutral allocation, while maintaining an overweight position on emerging market stocks. The bank pointed out that the U.S. market faces multiple adverse factors, including low operating leverage compared to other regions, downside risks to the dollar, lackluster buyback yields, and high valuations.  
"Measured in dollars, the U.S. market's drawdown relative to the global market has reached its largest level in nearly 15 years," stated the strategy team led by Andrew Garthwaite in a client report on February 27. "Despite the rise of artificial intelligence, U.S. economic growth exceeding expectations, and President Trump retracting some tariffs."

### Related Stocks

- [.NDX.US - NASDAQ-100](https://longbridge.com/en/quote/.NDX.US.md)
- [.SPX.US - S&P 500](https://longbridge.com/en/quote/.SPX.US.md)
- [.DJI.US - Dow Jones Industrial Average](https://longbridge.com/en/quote/.DJI.US.md)
- [.IXIC.US - NASDAQ Composite Index](https://longbridge.com/en/quote/.IXIC.US.md)
- [EVLU.US - iShares MSCI Emerging Mkts Val Fac ETF](https://longbridge.com/en/quote/EVLU.US.md)
- [TQQQ.US - Proshares UltraPro QQQ](https://longbridge.com/en/quote/TQQQ.US.md)
- [VWO.US - VG Em Mkts](https://longbridge.com/en/quote/VWO.US.md)
- [FNCL.US - Fidelity MSCI Financials Index](https://longbridge.com/en/quote/FNCL.US.md)
- [AVES.US - Avantis Emerging Markets Value ETF](https://longbridge.com/en/quote/AVES.US.md)
- [EEM.US - iShares MSCI Em](https://longbridge.com/en/quote/EEM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 美國與印尼敲定貿易協議 輸美商品關税降至 19% | 美國與印尼達成貿易協議，印尼輸美商品關税降至 19%。協議於去年 7 月宣佈，印尼在協議前面臨高達 32% 的關税威脅。協議內容包括豁免美國企業遵守自製率規定，並解決美國農產品在印尼的貿易障礙。此外，印尼同意採購價值 330 億美元的美國能 | [Link](https://longbridge.com/en/news/276423471.md) |
| 現場市場——美國掉期交易員如何看待利率 | 美國掉期交易員預計美聯儲可能降息，10 年期國債收益率下降 25 個基點表明對激進寬鬆的信心。麥格里集團的 Thierry Wizman 表示，隨着新任美聯儲主席 Kevin Warsh 的上任，可能會出現鴿派轉變。巴克萊銀行的經濟學家指出 | [Link](https://longbridge.com/en/news/277183491.md) |
| 破產私募信貸巨頭 MFS 還有 “大雷”！債權人警告雙重質押或致 13 億美元缺口 | 債權人認為，Market Financial Solutions（MFS）的雙重質押可能導致其 12 億英鎊的債務中有超過 80% 都出現 “無法解釋的缺口”。金融專家稱，以 2.3 億英鎊的抵押品對應 12 億英鎊的債務，是災難性的。據報 | [Link](https://longbridge.com/en/news/277241211.md) |
| AI 輪番衝擊各個行業，華爾街轉向 “花式” 防守 | AI” 打地鼠” 式拋壓令華爾街措手不及——標普 500 年內僅漲 1%，表面平靜下個股波動分化卻創 2009 年來最大分化。IBM 單日暴跌 13%、軟件股接連中彈，機構投資者被迫轉向” 分散化交易” 等複雜對沖工具。但分析師警告，一旦系 | [Link](https://longbridge.com/en/news/277117089.md) |
| 摩根大通新 270 公園摩天大樓的樂高風格複製品有內部預訂名單，並在 eBay 上標價 500 美元 | 一款 LEGO 風格的摩根大通新 270 Park 摩天大樓的複製品在內部有等待名單，現已在 eBay 上標價 500 美元 | [Link](https://longbridge.com/en/news/277242820.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.