US equities on Thursday:
Dow industrial average lower. S&P and the NASDAQ index move to the upside
UBS say to expect more volatility ahead, through to the election.
Analysts there nominate 4 reasons:
higher yields expectations for a more modest pace of Federal Reserve interest rate cuts geopolitical concerns election uncertainty
And point to the VIX around its long-run average of 20, off its lows seen earlier this year.
UBS maintain their forecast for the S&P 500 at 6600 by year-end 2025:
corporate earnings solid resilient US economyFed committed to lowering ratesAI demand still a driver of growth
This article was written by Eamonn Sheridan at www.forexlive.com.
