UBS keeps 8,900 S&P 500 target for end-2027, says 20% derating sets up strong gains

What we know so far

investingLive (Nov 11, 04:54): The call supports the view that this year’s derating reflects compressed multiples rather than any problem with earnings, which strengthens the case for buying US equities on dips into 2027. UBS’s preference for semiconductors, hyperscalers and the Nasdaq 100 over the Russell 2000 points to a continued tilt toward large-cap AI beneficiaries rather than a broad rotation. The near-term warning…