Wall St falls more than 1%; yields rise, investors assess earnings
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UBS sees S&P 500 facing delayed recovery amid geopolitical tensions, higher for longer
October 18, 2023 7:32 AM EDTRecent weeks have seen increased volatility in equity markets, primarily influenced by evolving expectations regarding Federal Reserve policy rates and geopolitical factors following the Israel-Hamas war.
The upcoming focus is expected to shift towards corporate fundamentals as the third-quarter earnings season for the S&P 500 commences.
UBS analysts believe that the profit recession has concluded, and the U.S. economy is on track for a relatively gentle slowdown. This positive outlook is driven by robust consumer activity, moderating inflation, and solid growth.... More
