Consumer Slowdown to Hit S&P 500: UBS Strategist

News March 25, 2025 at 03:38 PM
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  • Bhanu Baweja expects the index to drop as low as 5,300 points as analysts cut profit estimates.
  • Multi-asset strategists at HSBC Holdings also downgraded U.S. equities to underweight.
  • However, other market forecasters at firms including JPMorgan Chase and Morgan Stanley have said the worst of the downturn is likely over.
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