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UBS GWM: Selloff is overdone

After stabilising last week, the market selloff resumed this week with both global and US equities noticeably trending down. Yet, UBS Global Wealth Management believes the market meltdown is just a bull market correction. “We view the selloff as overdone and a bull market correction, with valuations that have become more compelling,” the bank said. “In our tactical asset allocation,…

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