Is the Trump Bull Market About to Come to an End? Here's What History Says About the U.S. Stock Market "Downgrade."

UBS downgraded U.S. equities to "benchmark", citing dollar depreciation, fading buyback advantages, and extreme valuations. The call reflects a more cautious stance that could weigh on U.S. equity positioning and reduce buyback-driven support for large caps.

Analysis

UBS downgraded U.S. equities to "benchmark", citing dollar depreciation, fading buyback advantages, and extreme valuations. The call reflects a more cautious stance that could weigh on U.S. equity positioning and reduce buyback-driven support for large caps.