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UBS: US stocks have not yet bottomed out, S&P 500 index may fall another 8%

UBS: US stocks have not yet bottomed out, S&P 500 index may fall another 8%

Bitget2025/03/26 00:33

The chief strategist of UBS Investment Bank stated that the "obviously fatigued" American consumers will further put pressure on stock prices, possibly triggering another 8% drop in the S&P 500 index. Bhanu Baweja said that indicators such as employment expectations, expenditure outlooks, and consumer confidence are all flashing warning signals. As analysts lower their profit forecasts for the next three to four months, he expects the S&P 500 index to fall as low as 5,300 points.

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