UBS stick to their end of year S&P 500 forecast of 5,900; “fundamentals remain positive”

UBS says to shake off short term volatility and not miss out on rebounds:

• Market sentiment and positioning had become extended — making a pullback more likely.
• But market fundamentals remain positive, and we continue to expect the S&P 500 to recover and end the year higher at 5,900

UBS still like prospects for long-term growth opportunities in artificial intelligence trend. Expect lower interest rates ahead, so lock in yield on high-grade government and corporate bonds.

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Thursday was an ugly one:

• Forexlive Americas FX news wrap: Fear spreads ahead of non-farm payrolls

Trust your systems?

This article was written by Eamonn Sheridan at www.forexlive.com.