There is more upside for both equity and bond markets – UBS
Source Fxstreet
US equities sit close to their all-time highs and 10-year US Treasuries trade with yields almost 100 basis points below their October peaks. Can equity and bond markets keep rising in 2024? Economists at UBS analyze market’s outlook.
Base case scenario is for a soft landing
Our base case scenario is for a soft landing. Lower interest rates, positive (albeit slowing) economic growth and growing corporate earnings should support modest further upside for equities.
We also think long-term bond yields have room to fall further, given long-term real rates are still higher than the Fed’s estimate of the real neutral rate, in our view. We favor bonds on a risk-adjusted basis.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
The U.S. will release the U.S. July Personal Consumption Expenditures (PCE) Price Index on Wednesday, August 26, Eastern Time. As a key inflation indicator closely watched by the Federal
Ethereum (ETH) treasury company BitMine Immersion Technologies (BMNR) expanded its digital asset holdings last week with another round of acquisitions.
On August 24, Bitcoin (BTC) prices continued to fluctuate lower, edging up just 0.1% on the day to trade at $77,176. Last Friday (August 21), Bitcoin prices surged toward the $80,000 mark
TradingKey Daily Market Briefing: Gold Tops $4,600, Bitcoin Surges as Market Focuses on Nvidia Earnings and Jackson Hole MeetingTracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Tracking Market TrendsTradingKey - On August 21 Eastern Time, the three major U.S. stock indices closed higher across the board, but still recorded losses for the week. After experiencing volatility i
Crypto Today: Bitcoin, Ethereum, XRP bulls accelerate rally amid rising ETF inflowsThe cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
The cryptocurrency market remains bullish on Friday, led by Bitcoin’s (BTC) surge above $77,000. Altcoins, including Ethereum (ETH) and Ripple (XRP), mirror BTC’s positive outlook, trading near $2,400 and $1.35, respectively.
