UBS Strategist Who Called Market Tops Warns S&P's 8% Gain Masks These Risks
Key Points
- UBS's Andrew Garthwaite warns that despite the S&P 500's 8% ...
When UBS's chief global equity strategist Andrew Garthwaite speaks, traders listen - mainly because he has this annoying habit of being right when everyone else is counting their paper profits. His latest forecast suggests that while the S&P 500 has climbed 8% this year, we might be celebrating at altitude just before the oxygen runs out.
The numbers tell a story that's less "everything is awesome" and more "everything is complicated." Sure, the S&P has shown resilience, but underneath this market confidence lies some troubling economic data. Three-month annualized hours worked are declining ...
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