S&P 500 Pares Decline, Still Down 0.6%
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S&P 500 set-up a race between easing inflation and the coming hit to earnings — UBS
January 5, 2023 3:22 PM ESTUBS analyst Keith Parker told investors in a note Thursday that the firm expects an S&P 500 sell-off into the second quarter.
"With UBS econ forecasting a US recession for Q2-Q4 '23, the setup is essentially a race between easing inflation and financial conditions versus the coming hit to growth+earnings," the analyst wrote, adding... More
