Global equities: Rally or selloff? Which catalysts matter most?

Investing.com -- Global equities face rising odds of both a correlated rally and a correlated selloff over the next two weeks, UBS strategists say, with earnings season, the Fed meeting and the U.S. midterms determining which path markets take into 2027. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Strategists led by Keith Parker said market internals showed "accelerated de-risking" last week, with defensives outperforming cyclicals, high quality outperforming low quality, and Europe outperforming the U.S. The bank's AI 100 basket fell 5% as CoreWeave's credit default swaps surged, while the rest of the market, excluding AI names, rose 2.