U.S. stocks rise as economic data ease rate hike worries
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UBS analysts believe earnings season may not be a negative catalyst for the market
April 13, 2023 11:05 AM EDTUBS analysts said in a research note Thursday that earnings season may not be a negative catalyst for the market, although stocks still have to contend with "elevated valuations, a Fed that will not likely cut rates any time soon, tighter credit conditions, and cautious signals from the yield curve."
The firm's June and December targets for the S&P 500 remain at 3,900 and 3,800.
"The turmoil... More
