A post by @DeItaone on X.

UBS reiterated its S&P 500 targets of 8,900 by end-2027 and 9,600 by end-2028, maintaining its bullish outlook despite the recent market selloff. The bank argued that this year's valuation collapse has created a buying opportunity, noting the index's forward price-to-earnings ratio has fallen 20% in 2026 even as earnings growth continues. The call matters because it signals that at least one major strategist views the drawdown as a reset in multiples rather than a deterioration in fundamentals. Investors will watch whether earnings growth holds up and whether the compressed valuation attracts broader buying support.