UBS Global Wealth Management bumps up S&P 500 target for the year

8 months ago 36

UBS hikes S&P 500 target to 6,600! Earnings strength & rate cut hopes fuel the rally. Traders eye upside.

US House blocks Fed digital dollar; Bitcoin dips 0.6% to $112,725, ETH up 0.6% to $4,310. Rate cut odds slip.

European markets mixed; DAX up 0.1%, FTSE 100 flat. Investors await Powell's speech for rate clues; US stocks dip.

PWR surges 40% YTD, beating S&P 500, but Q2 cash flow dips. Analysts see 13% upside.

EXR plunges 18.7% YTD, missing sector gains. Q2 FFO dips 49bps, but analysts see 15% upside. Mixed outlook.

Gold dips as rate cut bets fall to 73% on strong US manufacturing. Fed's hawkish tone weighs, but year-to-date gains exceed 25%.

US home sales rise in July, prices flatten. Mortgage rates ease, signaling a potential market inflection point for buyers.

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