UBS bullish everything! See positive returns across cash, bonds and equities to mid-2024.

<p>UBS chief investment officer Mark Haefele spoke with CNBC on Monday:</p><ul><li>
“we see positive returns across cash, bonds and equities. When we look out towards the middle of next year, we can see the S&amp;P 500 probably [at] about 4500 and we can see the 10-year at about 3.5%” </li><li>“If we have a hard landing…you can get lower than that.” (referring to bond yield)</li><li>
added that so-called bond vigilantes aren’t overly concerned with the prospect of a U.S. default, which underpins his thesis for a dip in the benchmark 10-year Treasury</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.