UBS(US:UBS) 智通财经网·2026-01-27 02:11Core Viewpoint - UBS Global Wealth Management's senior portfolio manager Alan Rechtschaffen expresses optimism about the U.S. stock market despite gold prices surpassing $5,000, believing that multiple transformative drivers will push the market higher by year-end [1] Group 1: Market Predictions - Rechtschaffen forecasts the S&P 500 index to reach 7,700 points in a baseline scenario by year-end, with a more optimistic scenario suggesting it could hit between 8,300 and 8,400 points [1] - The three main opportunities driving the market upward are identified as artificial intelligence, longevity technology, and electricity, which are expected to benefit both technology creators and end-users across various industries [1] Group 2: Gold Market Insights - Despite many investors using gold as a hedge against social unrest and uncertainty, Rechtschaffen believes that risk assets and safe-haven assets can rise simultaneously [1] - The milestone of gold prices exceeding $5,000 per ounce was reached on January 26, 2026, marking a historic moment in financial history [1] - The options market has not seen large-scale profit-taking following the price breakthrough, with traders aggressively buying long-term call options with strike prices between $5,500 and $6,000, indicating strong consensus on a "bull market" for gold [2]