UBS says the earnings party is still on
UBS is looking at global equities and, apparently, seeing a market that refuses to leave the dance floor. The bank’s chief investment office raised its 2026 global earnings growth forecast to 20%, up from 12%, pointing to a solid earnings season and economic fundamentals that keep hanging in there.
The weird part? Stocks keep grinding higher anyway
That call comes even as the US-Iran conflict continues to stir up headlines and remind everyone that geopolitics can still yank markets around like a toddler with a charging cable. But so far, the broader equity market has pushed to fresh all-time highs anyway. Translation: investors are still betting that profits, not panic, will do the heavy lifting.
UBS also kept its "attractive" view on the MSCI All Country World Index and laid out a bullish roadmap:
- 1,410 by December 2026
- 1,470 by June 2027
- versus 1,310 currently
Why you should care
This isn’t just another optimistic Wall Street microphone check. A higher earnings forecast can be the fuel behind higher stock prices — especially when the market’s already expensive enough to make your wallet sweat a little.
If UBS is right, the rally still has room to run. If it’s wrong, well, the market may be doing that classic thing where it acts invincible right before remembering it’s made of humans and headlines.
Big picture: UBS is basically saying earnings resilience is outrunning geopolitical stress, and that’s the kind of message bulls love to hear.