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UBS predicts that the stock market’s trajectory for the summer will be determined by the data in the next two weeks.
The bank emphasizes the significance of the upcoming April CPI report and Nvidia’s earnings release in shaping market trends.
If inflation and Nvidia’s earnings surpass expectations, UBS anticipates a potential surge in market activity during the early summer period.
UBS highlights the pivotal role of the next fortnight in influencing the stock market’s course for the upcoming summer season.
Jason Draho, UBS’s head of asset allocation, underscores the impact of macroeconomic indicators like the April CPI report and retail sales data, along with Nvidia’s earnings, on market performance.
Draho suggests that the combined influence of macro and micro data could have a compounding effect on market movements, potentially leading to significant gains.
2024-05-13 21:49:48
Originally posted on finance.yahoo.com