LIVE MARKETS-Market pricing in slowdown but indicators not signaling one yet - UBS

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MARKET PRICING IN SLOWDOWN BUT INDICATORS NOT SIGNALING ONE YET - UBS

The market is pricing in a slowdown even though macro indicators are not yet signaling one, according to a note Tuesday from UBS strategist Maxwell Grinacoff, and other UBS strategists.

"Leading indicators are not yet suggesting a slowdown, but the market is concerned that policy uncertainty may cause this soon," he writes.

The trend in fundamentals is deteriorating, and the outlook for U.S. equities is uncertain, he says, noting that "big catalysts are approaching, e.g. tariff escalation/budget measures."

"We expect a tactical recovery, but have concerns of renewed weakness unless earnings expectations stabilize and policy uncertainty abates."

(Caroline Valetkevitch)

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CTAs SHED $100 BILLION OF STOCKS - CLICK HERE

POSITIVE START ON TARIFF OPTIMISM - CLICK HERE

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RELIEF RALLY STARTS TO FIZZLE - CLICK HERE