Categories Finance

UBS sees S&P 500 falling to 5,300 as consumer fatigue bites

UBS strategist Bhanu Baweja has issued a stark warning for equity markets, forecasting that the S&P 500 could drop to 5,300 points—an 8% fall from current levels. While that might seem surprising given the index’s strong performance in recent months, Baweja believes the market is underestimating growing headwinds…

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