"UBS Predicts S&P 500 to Reach New Record High in 2024"

UBS Group's wealth-management arm has raised its 2024 price target for the S&P 500 to 5,000, citing expectations of an economic soft landing and the Fed cutting rates four times this year. The team favors quality stocks and advises clients to invest in long-dated bonds, as they anticipate tepid economic growth. Despite a recent pullback in U.S. stocks, analysts remain bullish on the S&P 500 reaching record territory by the end of 2024.