UBS: US Stocks Face Pullback Pressure in August, Potential Strategic Buying Opportunity

BlockBeats News, August 4th, UBS Group's latest analysis shows that with weakening economic data, the US stock market may face a pullback pressure in August. Last week's employment data falling below expectations has raised concerns about economic slowdown. The bank's strategists pointed out that the market downturn may continue until the Fed signals a rate cut – UBS expects this policy shift to take place in the coming months. Despite short-term pressure, the institution views the current correction as a strategic buying opportunity. (Bloomberg)