According to the head of UBS’s U.S. equity strategy, the market still has more losses in front of it. Francois Trahan has said, “We expect the S&P 500 (^GSPC) to hit 2,550 by the end of 2019.” This outlook would represent a 9.2% drop from Monday’s closing price. “A Fed-induced slowdown where leading indicators (LEIs) … Continue reading “UBS Has Concerning Prediction About Where the Market is Headed”
