PE is a much better way to own technology companies, and there are more pickings, the bank argues.
And it probably won’t be as high as Biden wants, Goldman adds.
Virus jitters, higher growth and inflation, and a record-setting market will amp up the fear gauge, the bank warns.
Cryptocurrency isn’t a stable source of value, so people can’t depend on it, the bank’s top economist charges.
Some asset classes stand to do very well, the bank finds, with no end in sight to the buck’s free-fall.
Not really, says UBS’s Haefele, sounding optimistic on vaccines and possible fresh aid in 2021.
A quarter of the S&P 500’s rise since May is linked to positive developments on a virus inoculation, UBS says.
The payout settles charges that the Swiss bank manipulated interest rate benchmark during the 2008 financial crisis.
UBS survey of family offices says a majority foresee an economic slump in 2020.
UBS said it expects Chinese mutual fund assets to reach nearly $7.5 trillion.
Europe seeing recovery, while China presents risk, opportunity.