UBS: April showers bring May flowers By Investing.com
Breaking News
‘;
AuthorSam BougheddaPro News
Published Mar 05, 2024 11:00AM ET
© Reuters UBS: April showers bring May flowers
Crack the code to successful investing with InvestingPro! This FREE article unveils exclusive real-time insights usually reserved for pro users. Supercharge your strategy – upgrade today using promo code HOT2024 for an additional 10% off (on top of the current 40% discount). Act fast, click to upgrade, and step into the world of elite investors!”
UBS analysts told investors in a note this week that the next two weeks should determine if the markets “exit March like a lion after entering like a lamb.”
The bank believes that the question regarding whether the March rally will continue will be determined by the data.
Furthermore, they feel that into March, the relentless climb higher for risk assets may slow and “could well have some slip-ups in the near term” as the weather turns warmer. Even so, they still expect the direction of travel for the rest of the year to be higher.
“Generally positive macro conditions and AI micro tailwinds are a supportive combination,” wrote the bank.
“As for comparisons to the 1990s, between the path for the fed funds rate, IPO activity, technology developments, investor sentiment, and even valuations, it looks more like 1996 than 1999,” they added.
However, even if markets do see some sort of a pullback or loss of momentum in March, UBS declared that it’s important to remember that “April showers bring May flowers.”
UBS: April showers bring May flowers
Terms And Conditions
Privacy Policy
Risk Warning
Do not sell my personal information
© 2007-2024 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
