UBS Wealth Management Sees Further Stock Gains Despite Fed Tightening

The Federal Reserve's rate hike triggered a stock selloff, but market bulls have not been deterred by the prospect of tighter monetary policy. According to Odaily, UBS Global Wealth Management Chief Investment Officer Mark Haefele said his team is still positioning for further gains in equities while preparing for near-term volatility. He said the rally could broaden across more sectors and regions if tightening remains mild, credit spreads stay stable, and profits continue to grow, and he advised diversifying stock exposure while avoiding overconcentration in areas that are especially sensitive to interest rates or rely on a single return driver.