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UBS: April showers bring May flowers


UBS: April showers bring May flowers By Investing.com

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AuthorSam BougheddaPro News

Published Mar 05, 2024 11:00AM ET

© Reuters UBS: April showers bring May flowers

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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

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