UBS: US stocks still haven't bottomed out, S & P 500 index could fall another 8%
2025-03-25 20:59:44
A "visibly fatigued" US consumer is set to further weigh on share prices, potentially triggering another 8 per cent drop in the S & P 500, according to chief strategist at UBS Investment Bank. Bhanu Baweja said indicators such as employment expectations, spending outlook and consumer confidence were flashing warning signs. He expects the S & P 500 to fall as low as 5,300 as analysts cut their profit forecasts for the next three to four months.
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