Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management spoke on Friday, says upside ahead for equities.
Citing:
- Federal interest-rate cut ahead
- solid growth backdrop
- “Because of this, I think the markets can be supported”
- “There are also some contrarian buy signals that are emerging.”
- "With economic and earnings fundamentals still good and the Fed likely to cut interest rates, our base-case scenario is still for the S&P 500 to end the year around 5,900 and 6,200 by June 2025"
