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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16923657" data-attributes="member: 137766"><p><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite4" alt=":mad:" title="Mad :mad:" loading="lazy" data-shortname=":mad:" /></p><p></p><h3><a href="https://seekingalpha.com/news/3979151-ubs-we-continue-to-expect-a-hard-landing?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">UBS: ‘We continue to expect a hard landing’</a></h3><p><a href="https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">SP500 +0.22%</a>Jun. 12, 2023 8:15 AM ET<a href="https://seekingalpha.com/news/3979151-ubs-we-continue-to-expect-a-hard-landing?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">20 Comments</a></p><p>UBS argued Monday that Wall Street is still on pace for a hard landing, even though investors have seen a recent market rally over the last couple of months in the Dow (<a href="https://seekingalpha.com/symbol/DJI" target="_blank">DJI</a>), S&P 500 (<a href="https://seekingalpha.com/symbol/SP500" target="_blank">SP500</a>) and the Nasdaq Composite (<a href="https://seekingalpha.com/symbol/COMP.IND" target="_blank">COMP.IND</a>).</p><p>“We continue to expect a hard landing, and an economic contraction of roughly 1% peak to trough in real GDP beginning next quarter with subsequent impact on the labor market,” the investment bank noted in a recent note to its clients.</p><p>UBS went on to add: "In our view, real consumer spending growth is tepid, business capex plans are weak, orders and shipments data not much better, and we think that under the hood the labor market is slowing."</p><p>The financial institution believes an economic correction is coming this year and added that recession probabilities are about as high as they get, as they see aggregate recession odds at nearly 80%. See chart below provided by UBS:</p><p><a href="https://static.seekingalpha.com/uploads/2023/6/12/saupload_1.png" target="_blank"><img src="https://static.seekingalpha.com/uploads/2023/6/12/saupload_1_thumb1.png" alt="" class="fr-fic fr-dii fr-draggable " style="" /></a></p><p>Looking at recent stock activity, major market average exchange traded funds that mirror the benchmark indices are all higher on Monday morning.</p><p>Daily price action: SPDR S&P 500 ETF Trust (<a href="https://seekingalpha.com/symbol/SPY" target="_blank">SPY</a>) +0.3%, iShares Core S&P 500 ETF (<a href="https://seekingalpha.com/symbol/IVV" target="_blank">IVV</a>) +0.3%, Vanguard S&P 500 ETF (<a href="https://seekingalpha.com/symbol/VOO" target="_blank">VOO</a>) +0.3%, SPDR Dow Jones Industrial Average ETF Trust (<a href="https://seekingalpha.com/symbol/DIA" target="_blank">DIA</a>) +0.1%, and the Invesco QQQ Trust ETF (<a href="https://seekingalpha.com/symbol/QQQ" target="_blank">QQQ</a>) +0.5%.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16923657, member: 137766"] :mad: [HEADING=2][URL='https://seekingalpha.com/news/3979151-ubs-we-continue-to-expect-a-hard-landing?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']UBS: ‘We continue to expect a hard landing’[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/SP500?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']SP500 +0.22%[/URL]Jun. 12, 2023 8:15 AM ET[URL='https://seekingalpha.com/news/3979151-ubs-we-continue-to-expect-a-hard-landing?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']20 Comments[/URL] UBS argued Monday that Wall Street is still on pace for a hard landing, even though investors have seen a recent market rally over the last couple of months in the Dow ([URL='https://seekingalpha.com/symbol/DJI']DJI[/URL]), S&P 500 ([URL='https://seekingalpha.com/symbol/SP500']SP500[/URL]) and the Nasdaq Composite ([URL='https://seekingalpha.com/symbol/COMP.IND']COMP.IND[/URL]). “We continue to expect a hard landing, and an economic contraction of roughly 1% peak to trough in real GDP beginning next quarter with subsequent impact on the labor market,” the investment bank noted in a recent note to its clients. UBS went on to add: "In our view, real consumer spending growth is tepid, business capex plans are weak, orders and shipments data not much better, and we think that under the hood the labor market is slowing." The financial institution believes an economic correction is coming this year and added that recession probabilities are about as high as they get, as they see aggregate recession odds at nearly 80%. See chart below provided by UBS: [URL='https://static.seekingalpha.com/uploads/2023/6/12/saupload_1.png'][IMG]https://static.seekingalpha.com/uploads/2023/6/12/saupload_1_thumb1.png[/IMG][/URL] Looking at recent stock activity, major market average exchange traded funds that mirror the benchmark indices are all higher on Monday morning. Daily price action: SPDR S&P 500 ETF Trust ([URL='https://seekingalpha.com/symbol/SPY']SPY[/URL]) +0.3%, iShares Core S&P 500 ETF ([URL='https://seekingalpha.com/symbol/IVV']IVV[/URL]) +0.3%, Vanguard S&P 500 ETF ([URL='https://seekingalpha.com/symbol/VOO']VOO[/URL]) +0.3%, SPDR Dow Jones Industrial Average ETF Trust ([URL='https://seekingalpha.com/symbol/DIA']DIA[/URL]) +0.1%, and the Invesco QQQ Trust ETF ([URL='https://seekingalpha.com/symbol/QQQ']QQQ[/URL]) +0.5%. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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