Group 1 - The core viewpoint of the article is that the Federal Reserve's potential interest rate cut in September is expected to support the performance of the US stock market, with a significant increase in the probability of a rate cut from 72% to 93% following Chairman Powell's speech [1] - UBS believes that if the Federal Reserve initiates a rate cut, it will likely lead to a weaker US dollar, while high-quality fixed income and gold will continue to be viewed as effective hedging tools [1] - The article highlights the potential of artificial intelligence (AI) in driving returns, estimating an annual revenue opportunity of approximately $1.5 trillion, which is three times the current capital expenditure [1] Group 2 - Despite the high valuations in the technology sector, UBS argues that earnings growth provides support, and market sentiment remains rational without signs of a bubble [1] - Investors are advised to maintain broad equity exposure and consider buying on dips to capture growth opportunities presented by AI [1]
瑞银CIO:美联储降息预期强化,看好美股及AI中长期前景
Jing Ji Guan Cha Wang·2025-08-25 02:25