Lates News

David Lefkowitz, the US equity strategist at UBS Global Wealth Management, has downgraded his rating on US stocks from "attractive" to "neutral." In a report on May 13, Lefkowitz wrote that investors seem to have already factored in a significant easing of trade tensions. While recent catalysts for US stocks seem "less widespread," and despite reduced uncertainty as the economy adapts to higher tariff levels, economic data in the coming months "appears likely to soften." Although Lefkowitz has downgraded his rating on US stocks to neutral, he still believes that the bull market remains intact and that the stock market could further rise next year.