UBS is optimistic on what's ahead for US equities, but there will be volatility. The UBS note is titled: “Mixed data point to uneven path to soft landing.”
- “A key focus for investors remains how soon and how swiftly the Federal Reserve will cut rates, leading to a heightened sensitivity to both positive and negative data surprises,”
- “But while investors should brace for further volatility, we continue to see an economic backdrop in line with our base case scenario of a soft landing.”
- UBS sees an overall downward trend in inflation
Hourly candles show the plunge on the CPI data and the bounce back
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