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UBS GWM sees relative value trade opportunities in an “all-time high” market

UBS Global Wealth Management has locked in profits and believes now is a good time for relative value trades given that markets have priced in “too many” rate cuts, the firm stated in a media briefing last Friday. “We have taken some [profit] off the table and tried to find ways of getting some yield in a portfolio,” Mark Haefele,…

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