UBS: The market is betting on Trump and the Federal Reserve to rescue the market, and the S&P 500 index's year-end target is 5,800 points

Planet Daily News: UBS states that the current market sentiment aligns with their basic forecast, expecting tariffs to be reduced from current levels and the Federal Reserve to further cut interest rates in the remaining part of the year. However, due to ongoing high uncertainty in trade, economic conditions, and Federal Reserve policies, expected volatility remains elevated. Nevertheless, UBS believes the U.S. stock market is attractive, maintaining a year-end target of 5,800 points for the S&P 500 index. UBS's current base prediction is for the Federal Reserve to cut interest rates by 75 to 100 basis points this year, but in the short term, the Fed's policy flexibility appears more limited as it must balance concerns about economic growth with the risk of inflation recovery. (Jin Shi)