UBS Reaffirms S&P 500 Target Amid Strong Macro Outlook

UBS has reiterated its target for the S&P 500 index at 7,700 points, citing a robust macroeconomic environment that could bolster U.S. stock markets. According to ChainCatcher, UBS Chief Investment Officer and Global Head of Equities, Ulrike Hoffmann-Burchardi, expressed that the Federal Reserve is likely to continue its rate-cutting trajectory, although it is expected to pause during the current easing cycle. Hoffmann-Burchardi noted that further evidence of a weakening U.S. labor market and controlled inflation may allow the Fed to proceed with additional rate cuts.