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UBS Global Wealth Management: Looking ahead to 2026, it forecasts US GDP growth of 1.7%.On November 20th, the German central bank stated in its monthly report released Thursday that the German economy is likely to experience moderate growth in the final quarter of this year, primarily driven by expansion in the service sector, while its weak industrial sector is stabilizing. The German economy, Europes largest, experienced zero growth in the last quarter, having stagnated for most of the past three years. Industry suffered a deep recession, while households relied on savings to rebuild wealth damaged by rapid inflation. Furthermore, the German central bank noted that industry has lost significant competitiveness due to high costs and can only benefit to a limited extent from the global economic recovery; US tariffs could also put pressure on demand.UBS Global Wealth Management: Looking ahead to 2026, UBS Group prefers the euro and the Australian dollar over the US dollar.On November 20th, Luk Fook Holdings Limited (00590.HK) announced that it expects revenue for the six months ended September 30, 2025 to increase by approximately 20% to 30% compared to the same period last year, primarily due to effective product differentiation and sales strategies that successfully drove a significant increase in sales of priced jewelry products. Furthermore, it expects profit for the period to increase by approximately 40% to 50% compared to the same period last year, mainly benefiting from rising gold prices, an increased sales proportion of priced jewelry products, and improved profit margins driven by operating leverage.UBS Global Wealth Management: Looking ahead to 2026, we forecast a year-end target of 7,700 for the S&P 500.

S&P 500 Price Forecast – Stock Market Continues to Slump

Alice Wang

Nov 04, 2022 17:09

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Technical Analysis of the S&P 500

As the effects of the Federal Reserve meeting on Wednesday continue to be felt, the S&P 500 has decreased somewhat during Thursday's trading session. It does make sense that the S&P 500 will decline given that the Federal Reserve is likely to see tightening as the way ahead. You also need to be concerned about the effects of the worldwide recession, which will likely cause exports to decline.


The 50-Day EMA above provides a little amount of dynamic resistance as any rise at this point might provide a selling opportunity. On the other side, it is conceivable that we may decline below the 3600 level if we were to break below the bottom of the trading session's candlestick. Remember that this market has been pretty loud for a long, and despite the good rise we've seen in recent weeks, the rally is really rather minor in comparison to the general trend.


If we were to go below the 3600 level, which should provide strong support, it is conceivable that we would reach the 3500 level or perhaps the 3400 level. The 3900 level would be a significant obstacle, though, if we were to reverse course and go upward. It's possible that we might go to the 4000 level, which is also supported by the critical 200-Day EMA, if we can break through that level. In other words, this chart has a lot of warning flags that suggest sellers will keep looking for chances to short the market.

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