Will Record Issuance Be A Headwind For US Stocks

Despite record expected equity issuance in 2026, UBS views the supply as manageable relative to the US market size and does not expect it to be a material headwind for stocks. They maintain an attractive rating on equities, emphasizing earnings growth and portfolio diversification.

Key Takeaways

• 1.Record equity issuance is manageable relative to US market size and is offset by share buybacks.
• 2.High issuance is not expected to be a material headwind; investors should maintain focus on earnings growth.

Table of Contents

• Equity issuance in the US has picked up after a long quiet period.
• But record dollar issuance should not be a headwind for equity markets.
• We continue to view US stocks as Attractive, with recent strength providing an opportunity to improve resilience.
• New this week
• One liner
• Did you know?
• Investment view

Document Preview

Page 1 of 4

Subscribe for full accessStart Free Trial