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UBS Urges Caution Despite Positive US Economic Data

Started by Bitcoin, Aug 19, 2024, 06:38 am

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UBS Urges Caution Despite Positive US Economic Data

UBS Urges Caution Despite Positive US Economic DataUBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]

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