Investors leaning heavily on American technology stocks should broaden their horizons, according to UBS, which sees fresh opportunities across Europe and Asia even as US markets keep hitting records.
In a strategy note, the Swiss bank said the S&P 500 should deliver further gains by the end of the year, but warned that the market's reliance on a handful of artificial intelligence winners had left portfolios dangerously concentrated.
Global stocks, measured by the MSCI All Country World Index, are trading close to record highs, buoyed by cooling US inflation and strong earnings both within the AI supply chain and beyond.
UBS argues the rally has quietly spread well beyond Wall Street, and that now is the moment to position for a broadening of gains.
Europe closest to home
#stocks #american #asia #global
In a strategy note, the Swiss bank said the S&P 500 should deliver further gains by the end of the year, but warned that the market's reliance on a handful of artificial intelligence winners had left portfolios dangerously concentrated.
Global stocks, measured by the MSCI All Country World Index, are trading close to record highs, buoyed by cooling US inflation and strong earnings both within the AI supply chain and beyond.
UBS argues the rally has quietly spread well beyond Wall Street, and that now is the moment to position for a broadening of gains.
Europe closest to home
#stocks #american #asia #global
3 months ago
