UBS On-Air: Market Moves Top of the Morning: The week in review and preview
Jul 11, 2025
Delve into the latest shifts in U.S. trade policy and their significant impact on market valuations and volatility. Explore insights on equity positioning, particularly in tech and healthcare, highlighting the role of AI advancements. As earnings season approaches, analysts share their expectations for the S&P 500 and strategic recommendations for savvy investors looking to navigate the evolving landscape.
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Trade Policy Impact On Markets
- U.S. trade policy shows extended tariff pauses with new threats on imports from multiple countries.
- Markets remain resilient, with U.S. equities reaching all-time highs despite tariff uncertainties.
Equity Market Valuations Insight
- S&P 500 forward P/E ratio is above 22 times but fits macro conditions like low unemployment.
- Valuations don't correlate with short-term returns but may signal lower long-term returns.
Engage Despite All-time Highs
- Investors shouldn't avoid equities at all-time highs; historical returns are similar to other times.
- Engage actively with the market despite nervousness over high valuations.