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4 reasons US equites are nervous

US equities on Thursday:

UBS say to expect more volatility ahead, through to the election.

Analysts there nominate 4 reasons:

  • higher yields
  • expectations for a more modest pace of Federal Reserve interest rate cuts
  • geopolitical concerns
  • election uncertainty

And point to the VIX around its long-run average of 20, off its lows seen earlier this year.

UBS maintain their forecast for the S&P 500 at 6600 by year-end 2025:

  • corporate earnings solid
  • resilient US economy
  • Fed committed to lowering rates
  • AI demand still a driver of growth

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

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