Nadia Lovell: Equities Must Earn the Next Leg Up
UBS strategist Nadia Lovell remains bullish on equities but suggests the market must earn its next advance through investments in power, supply chains, and defense rather than just financial efficiency.
As stocks rise and bond yields pull back ahead of the jobs report, Nadia Lovell of UBS says she remains bullish on equities, but believes the market’s next advance must be earned. She argues that markets are entering a new investment cycle after years of companies prioritizing financial efficiency through measures such as buybacks and lower capital spending. The shift now extends beyond AI to investment in power, supply chains, and defense, broadening corporate profit opportunities. If these…
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