S&P 500 May Enter Bear Market in '16 Amid Swings, UBS Says
- U.S. stocks will reach new peak before falling as much as 30%
- Bull market will resume and continue until end of decade
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The going will get tougher for U.S. stocks this year, UBS Group AG’s equity-sales team says.
After a weak start to 2016, the Standard & Poor’s 500 Index will reach a top in the second quarter, before falling as much as 30 percent later in the year or early in 2017, according to a UBS sales report sent to clients. The Dow Jones Transportation Average has already entered a bear market, and the Russell 2000 Index of smaller companies has fallen 15 percent from its high last year.