UBS Global Wealth Management downgraded the US stock rating from “attractive” to “neutral,” saying that after a strong rebound from April lows, risk and return were more balanced. The team, led by Mark Haefele, pointed out that uncertainty remains high, and investors' attention will turn to the possibility of reaching a lasting trade deal. “Note that this is not a bearish view, nor is it a call to sell stocks; we recommend investors maintain an adequate strategic allocation of US stocks.”

UBS Global Wealth Management downgraded the US stock rating from “attractive” to “neutral,” saying that after a strong rebound from April lows, risk and return were more balanced. The team, led by Mark Haefele, pointed out that uncertainty remains high, and investors' attention will turn to the possibility of reaching a lasting trade deal. “Note that this is not a bearish view, nor is it a call to sell stocks; we recommend investors maintain an adequate strategic allocation of US stocks.”