UBS says U.S. equities remain attractive despite lofty valuations
U.S. equities remain attractive despite lofty valuations, according to UBS. In a note released Thursday, the bank acknowledged that the S&P 500 is trading at about 22 times forward 12-month earnings—a level that ranks in the top 5% since 1985 and has sparked investor concerns over expensive pricing. UBS argued, however, that valuation alone is not a reliable guide…











