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10-Year Treasury Bond Yield Will Crash to 1%, UBS Warns

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Conditions are favorable for another steep fall in the U.S. Treasury bond yield curve, says UBS, Switzerland’s largest financial institution. In revised projections published Wednesday, the bank identified U.S.-China trade tensions and their impact on economic growth as the chief catalyst for the continued drop off in yields. UBS Cuts Forecast on 10-Year U.S. Treasury … Read more

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Dow Pounces Higher But UBS Warns of Brutal Stock Market Reckoning

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The Dow and overall US stock market bounced back on Monday, as investors diverted their attention from risks associated with both the US-China trade war and what many fear could develop into an actual war between the US and Iran. Meanwhile, a UBS analyst warns that the global economy is “one step away” from a brutal … Read more

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Stock Market Is Booming but UBS Strategist Warns ‘Fed Put’ Lost Power

By CCN.com: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to Trahan cited in CNBC, the “Fed … Read more

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Experts Reveal the Devastating Truth About This Stock Market Rally

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By CCN.com: In the past four days, the Dow Jones has climbed from 24,721 points to 25,677 as a dovish Federal Reserve launched the U.S. stock market into a strong short-term recovery. Futures market traders believe there is a 75 percent chance of an interest rate cut by the end of July, subsequent to the … Read more

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UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up the money spigots. December losses on the S&P 500, … Read more

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Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline?

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By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai Composite index was trading at 2579.669 points, down 1.15% from … Read more

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UBS Chief Joins the Bankers’ Bitcoin Bashing Brigade

The chairman of UBS has claimed that, according to him, bitcoin does not fulfill the functions of a currency. UBS Chairman and former Bundesbank (Germany’s central bank) president Axel Weber was speaking at a financial conference in Zurich this week when he played down the potential of bitcoin, a decentralized cryptocurrency completely independent of a … Read more