The S&P 500 is up 12.1% in 2026, gaining about 11.1% over six months and 3.1% over three. Moreover, the Nasdaq Composite climbed 12.6% year to date and 14.4% over six months, though it was down nearly 0.4% over three months, while the Dow has risen 10.8%, 7.4%, and 5.9%, respectively. All three indices are running ahead of their late-August 2025 pace. Now, according to TheFly, UBS just reset its S&P 500 outlook for the rest of the year.
However, that doesn't mean that the ride's been easy.
Stocks just wrapped up a losing week as higher Treasury yields, inflation worries, and ongoing tensions around Iran tested a rally that's already carrying lofty valuations. AI stocks wobbled even as corporate earnings remained incredibly strong.
That tension makes UBS's move interesting, as it's not simply chasing an index that has already rallied into double digits.
That said, UBS now sees greater room for stocks to climb through year-end, supported by an unusually robust profit engine.
#august
However, that doesn't mean that the ride's been easy.
Stocks just wrapped up a losing week as higher Treasury yields, inflation worries, and ongoing tensions around Iran tested a rally that's already carrying lofty valuations. AI stocks wobbled even as corporate earnings remained incredibly strong.
That tension makes UBS's move interesting, as it's not simply chasing an index that has already rallied into double digits.
That said, UBS now sees greater room for stocks to climb through year-end, supported by an unusually robust profit engine.
#august
2 days ago
