UBS is bullish on US stocks, targeting S&P 7700 points

UBS released its 2026 outlook: strong corporate earnings, loose monetary policy, and a clear policy outlook, indicating that the uptrend in US stocks will continue.

S&P 500 earnings are expected to grow by 10%, with a target price of 7700, about 10% higher than the current level. The technology sector's earnings are particularly strong.

The strength of US stocks is beneficial for risk assets, and the correlation between BTC and the Nasdaq is increasing. After the US stock market opens, a strong performance in QQQ can be synchronized to increase BTC positions.