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.
