UBS: The Fed's rate cuts may boost the stock market, with the S&P 500 annualized return reaching 15%

According to Jin Ten, UBS pointed out that historically, when the Federal Reserve cuts interest rates during non-recession periods, the stock market performs the best. Based on data since 1970, when the economy is not in recession and the Federal Reserve cuts rates, the average annualized return of the S&P 500 index is 15%. UBS stated that the macro environment may continue to be in the most favorable state at the beginning of next year, supporting the next round of stock market gains.