UBS Is the Latest Bank to Warn of a 10% Drop In the S&P 500
Sell in September?
UBS's Julian Emanuel Sees More Downside for S&P 500
This article is for subscribers only.
That 2 percent drop in the U.S. stock market on Friday might not be the last big pullback we see this year.
Michael Riesner and Marc Muller, technical analysts at UBS AG, are calling for a top in the S&P 500 following the recent bond market sell-off that has pushed yields on the benchmark 10-year U.S. Treasury above 1.7 percent.