UBS: S&P 500 TO HIT 7,700 BY YEAR-END UBS Wealth Management expects the S&P 500 to climb to 7,700 by year-end—about 12% above current levels—driven by Fed easing, solid economic growth, and continued AI momentum. While bullish on 2026, UBS says markets may see near-term volatility after a strong start to the year. Tech earnings remain strong, but investor expectations are higher and some major names have stumbled post-earnings. AI is still powering big tech profits, though spending and return on investment are under closer scrutiny. UBS advises investors to look beyond the “Magnificent Seven” and position for a broader rally, favoring sectors such as Financials, Healthcare, and Utilities. A diversified portfolio, the firm argues, offers the best balance of upside participation and downside protection.(*Walter Bloomberg)