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UBS GWM sees US equities to trade range-bound

UBS Wealth Management believes there’s limited upside and downside for the US equity market, expecting 1% and 5% YoY EPS growth for 2019 and 2020 for the asset class, respectively. “With 12m forward P/E at 17x, valuations are near the high end of the past 10-year range and unlikely to materially rise,” Crystal Zhao, APAC asset allocation analyst, CIO office,…

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