UBS targets higher for the S&P 500, sees strong earnings, strong economy

<p>Analysts at UBS target the S&amp;P 500 at 4,900 in June 2024 and 5,000 in December 2024</p><p>Citing:</p><ul><li>“benign” macroeconomic backdrop healthy economy:<ul><li>unemployment remained low, labor market cooled, real wages rose, consumer finances intact</li></ul></li><li>a "fine" earnings season in Q4 2023<ul><li> expects company earnings have risen 4% to 5% y/y in Q4, and thus likely that earnings beats of 3% to 5% to be expected</li></ul></li></ul><p>UBS says a soft landing has largely been priced into equities. And thus tips to wait for price pullback entry points.</p>

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