TechFlow news, May 14 — According to Jinshi Data, UBS Wealth has downgraded its rating for US stocks from "attractive" to "neutral." Investment chief Mark Haefele said the stock market's rally over the past month has been too fast. Despite the recent announcement of mutual tariff reductions between China and the US, he warned that uncertainty remains high and markets could be volatile. Meanwhile, other Wall Street institutions remain more optimistic: Goldman Sachs raised its target for the S&P 500 index in 2025 to 6,100 points, while Yardeni Research increased it to 6,500 points, expecting the Federal Reserve will not cut interest rates this year.
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