Stocks to continue higher through 2025. AI, Fed cuts, and strong economy underpin.

UBS global wealth management has a target for the S&P 500 at 6600 by the end of 2025.

Analysts there argue for the continued rally citing:

• continued growth in AI-related capex reported by all three tech giants supports the positive structural trend
• best opportunities in AI-linked semiconductors and US megacaps
• combination of solid growth and Fed rate cuts provides a supportive backdrop for risk assets
• AI trend should lend further fundamental support to equities

The 3 tech giants referred to are Microsoft, Alphabet and Meta.

And yeah, like the subheading to the post says, equity falls today. NASDAQ update:

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