UBS strategist predicts slight market volatility amid global uncertainties, citing nonfarm payrolls reports and jobless claims as key indicators.
UBS strategist Gerry Fowler calls recent market volatility a "huge overreaction" due to global economy uncertainties. Despite the spike, Fowler anticipates a slight increase in volatility and markets trading within a range rather than strong markets. Key indicators to watch include nonfarm payrolls reports and weekly initial jobless claims, which may signal if the economic slowdown escalates into a recession.
August 21, 2024
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