From Investing.com: 2024-07-07 03:31:02

The first half of 2024 saw a surge in stock markets due to artificial intelligence, bond yield volatility, and political uncertainty, per UBS analysts. They predict continued AI momentum, with a focus on semiconductor firms. They also anticipate Fed rate cuts, recommending gold as a hedge and suggesting a shift from cash to fixed income ahead of falling yields. With U.S. politics in focus, polls hint at a potential “red sweep”, prompting caution with consumer discretionary and renewable energy names.



Read more at Investing.com: Here are some of the major themes to watch out for in Q3, according to UBS By Investing.com