Forwarded from 시장 이야기 by 제이슨
UBS 18 Jan 2022
2022 is expected to be a positive year for risk assets. CIO's S&P 500 target is 5,100 by end-2022. History has shown that stocks have also performed well in the months after the first Fed rate hike. And record highs and very high returns in a year are no barriers for more gains. CIO continues to expect further equity upside in 2022 and has a preference for value stocks over growth stocks in the US.
CIO now expects three Fed rate hikes this year, starting as soon as March. Historically, stocks have performed well during rate hiking cycles. Since 1983, the S&P 500 has risen 5.3% on average in the six months after the first Fed rate hike and by an average of 4.4% in the 12 months after.
2022 is expected to be a positive year for risk assets. CIO's S&P 500 target is 5,100 by end-2022. History has shown that stocks have also performed well in the months after the first Fed rate hike. And record highs and very high returns in a year are no barriers for more gains. CIO continues to expect further equity upside in 2022 and has a preference for value stocks over growth stocks in the US.
CIO now expects three Fed rate hikes this year, starting as soon as March. Historically, stocks have performed well during rate hiking cycles. Since 1983, the S&P 500 has risen 5.3% on average in the six months after the first Fed rate hike and by an average of 4.4% in the 12 months after.