UBS Wealth Management Points Where Investors Should Focus in Next 10 Years
UBS highlighted four sectors including the 5G Network technology, blockchain and digital payment technology, healthcare and green energy industry.
Tech Stocks Continue to Drag Markets Down, S&P 500 Registers Third Day of Correction
With a solid mega rally post the March 2020 market crash, the tech sector seems to have entered a strong correction. Analysts say that the sector is currently in the overbought regions and high-valuations of some giant companies are beyond reasonable levels.
Stock Market on Downturn: S&P 500 Falls and Nasdaq Retreats from Its Record High
At the beginning of the week, Wall Street was quite optimistic being supported by the signs of strength in the service sector, however, now the performance of its key components shows a downtrend.
UBS Group CEO Believes Blockchain is ‘Almost a Must’ For Financial Services
The cost reduction is a critical issue for the successful future of the financial services industry. Sergio Ermotti, UBS Group CEO, believes that blockchain has the potential to change the situation, but expects it to take up to ten years.