UBS maintains a positive outlook on US equities, anticipating that robust corporate earnings and continued AI demand will outweigh near-term macroeconomic and geopolitical volatility.
Key Takeaways
- 1.The stock market has room to move higher despite near-term headwinds including inflation and geopolitical tensions.
- 2.Federal Reserve interest rate hikes remain unlikely in the near term, with easing expected to resume in March 2027.
- 3.AI compute demand remains robust and durable, supporting long-term tech earnings growth despite market volatility.
Table of Contents
- From the studio
- Thought of the day
- What to watch: 12 June
- Caught our attention
- Market update
- Appendix
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Ulrike Hoffmann-BurchardiMark Haefele
Securities
S&P 500ORCL
Themes
AI Infrastructure CapexMiddle East Geopolitical Conflict
Regions
Middle EastEuropeUnited StatesIranGermany