(AURN News) — UBS has downgraded U.S. equities to neutral, citing growing uncertainty in the American economy.
Reuters reported that UBS, the world’s largest wealth manager, issued a note warning that the U.S. stock market risks lagging behind other global economies.
Among the concerns listed were downside risks to the dollar, increased diversification of investment funds outside the United States, and high market valuations.
Reuters also reported that American investors are pulling money out of U.S. equities amid what it described as “chaos over domestic policymaking.”
The downgrade comes as markets continue to assess the broader direction of the U.S. economy, particularly in light of the conflict currently underway in Iran.
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