瑞银：科技牛市明年将再创新高，标普500指数目标7500点

Core Viewpoint - UBS predicts that the tech bull market in the US will reach new highs next year, with the S&P 500 index expected to rise to 7500 points, representing a 12% increase driven primarily by a 14% growth in corporate earnings, nearly half of which will come from the tech sector [1] Group 1: Market Predictions - The S&P 500 index is forecasted to rise to 7500 points next year, reflecting a 12% increase [1] - Corporate earnings are expected to grow by approximately 14%, with nearly 50% of this growth attributed to the technology sector [1] Group 2: Market Conditions - Current corporate earnings expectations and valuation levels are at their highest in nearly 40 years, which may lead to slight negative impacts due to overvaluation [1] - A broader and stronger market growth is anticipated starting from the second quarter of next year [1] Group 3: Stock Performance - The market may enter a consolidation phase, with high-quality stocks expected to outperform the market [1] - By the end of the first quarter of next year, the upward trend is expected to extend to lower-quality cyclical stocks [1] Group 4: Economic Outlook - Global economic growth is expected to continue through 2026, although a temporary economic slowdown is anticipated in the next four to five months due to tariff measures raising US prices and affecting global exports [1]