UBS hold steady forecasting S&P 500 to 5,900 by year end, and higher to 6,200 by June 2025

Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management spoke on Friday, says upside ahead for equities.

Citing:

• Federal interest-rate cut ahead
• solid growth backdrop
• “Because of this, I think the markets can be supported”
• “There are also some contrarian buy signals that are emerging.”
• “With economic and earnings fundamentals still good and the Fed likely to cut interest rates, our base-case scenario is still for the S&P 500 to end the year around 5,900 and 6,200 by June 2025”

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