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UBS sees potential S&P 500 rally after midterm elections

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Summary

US stocks may be set for a year-end rebound after Tuesday’s midterm elections, with favorable seasonality and low hedge fund positioning supporting the possibility, UBS Securities says, according to Bloomberg. This follows reports that Wall Street rose ahead of a Federal Reserve decision and major technology earnings, and that the S&P 500 has historically risen around midterm elections, though economic and corporate news could affect gains.

This continues an earlier story: Wall Street rises ahead of Fed decision and big tech earnings

Later: Stocks Set Up for Year-End Gains After Midterm Vote, Citadel Securities Says · Wall Street Trading Desks Urge Clients to Raise US Stock Exposure Ahead of Year-End Rally

Timeline

  1. Bloomberg

    Source ↗

    Bloomberg reports that UBS Securities sees favorable seasonality and low hedge fund positioning as setting the stage for a potential year-end rebound in US stocks after Tuesday’s midterm elections.

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