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Technical equity sell-off has passed: UBS WM

Resilience in the equity markets stands as fair evidence that the technical-driven sell-off has already passed, according to UBS Wealth Management. The S&P 500 has gained 5.8% since hitting its monthly low of 2,581 on 8 February, while the VIX index is also well down from February’s peak of 50, to 18.6, marking a return to its 20-year median. “[F]or…

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