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UBS: US stocks face pullback pressure in August, and a strategic Build a Position window may appear.
On August 4, UBS Group's latest assessment shows that, alongside weakening economic data, US stocks may face pullback pressure in August. Last week's employment data fell short of expectations, raising concerns about an economic slowdown. The bank's strategists pointed out that the market downturn may continue until the Fed signals a rate cut - UBS expects this policy shift to take place within the next few months. Despite short-term pressures, the institution views the current adjustment as a strategic Build a Position window. (Bloomberg)