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UBS AG London Branch ZC SP ETN REDEEM 10/12/2043 USD 25 - Ser B
There was one article after another article, every place you looked, that the U.S. equity markets were going to correct anywhere from 25% to 50% down. That has not exactly been the case. The American stock markets have been up and up and up as the wrong focus was used. I have said, countless times, that our pandemic equity markets could no longer look at the past, for future guidance. I believe that has been and will be the case.
The paradigm has changed!
Even in normal times the stock markets are leading indicators of