UBS Technical Analysts See Possible Ten Percent Drop For S&P 500 Amid Trump Momentum

UBS technical analysts are with her - sorta.... Republican Presidential aspirant Donald Trump is gaining in the polls, the oil market continues to fall and a September top has been put in place in the S&P 500, technical analysis from the UBS sales trading desk says.

UBS technical analysts - 8% to 10% stock market correction possible

The US stock market was down fractionally Wednesday, bumping up against the lows of the week hit after last Friday’s sell-off. But this is just the start, says technical analysis from UBS’s Michael Riesner and Marc Muller.

The pair now thinks an 8% to 10% correction is possible moving into October and early November, right into...