The S&P Has Likely Bottomed [Forbes]
UBS Group AG Registered Ordinary Shares (UBS)
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Source: Forbes
The S&P Has Likely Bottomed Photocredit: © 2019 Bloomberg Finance LP This stock market correction has been similar to the prior corrections. The index nosedives, and the sentiment quickly collapses. This leads to a sudden and strong rally. When reading the sentiment numbers, keep in mind that the index is very close to all-time highs and that the economy is strong. I recall the comments of President Reagan after the 1987 crash. He stated that the underlying fundamentals at that time were sound and that the decline was not a bear market. Besides that, bear markets typically do not begin in years that end in a 9 according to the decennial pattern. They do, however, tend to commence in years that end in a 0. And, in order for the market to fall in 2020-2022 as I suspect it will, it must rise first. As I once said at Paine Webber in New York City, “ There are different approaches to cycle analysis as there are different types of fundamental analysis. The first cycle below is the dynamic
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News
- UBS Group AG (NYSE: UBS) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
- UBS’s Drew Freides and Michael Kanigher Named to Forbes Best-in-State and Top Wealth Advisors listsBusiness Wire
- UBS Group AG (NYSE: UBS) was downgraded by analysts at BNP Paribas from an "outperform" rating to a "neutral" rating.MarketBeat
- UBS: To Play It Safe [Seeking Alpha]Seeking Alpha
- UBS hires financial advisor team led by Christopher Toregas in Los AngelesBusiness Wire
UBS
Sec Filings
- 4/16/24 - Form 6-K
- 4/2/24 - Form IRANNOTICE
- 3/28/24 - Form 6-K
- UBS's page on the SEC website