<p>This is semi-official bad news for all.</p>

NASDAQ-100

S&P 500

Dow Jones Industrial Average

NASDAQ Composite Index

iShares MSCI Emerging Mkts Val Fac ETF

Proshares UltraPro QQQ

VG Em Mkts

Fidelity MSCI Financials Index

Avantis Emerging Markets Value ETF

iShares MSCI Em

iShares MSCI EM Ex-China

Schw Em Mkt

Global X NASDAQ 100 Collar 95-110 ETF

iShares Emerging Markets Equity Factor ETF

Financial Select Sector SPDR Fund

Invesco QQQ Trust

Fidelity Nasdaq Composite Index ETF

VG Financial

SPDR S&P Em Mkt Dvd

Wisdomtree EM High Dividend Fund

iShares Core MSCI EM

Invesco Nasdaq 100 ETF

SPDR Em Mkt

SPDR S&P 500

First Trust NASDAQ-100 Equal Weighted

Dimensional Emerging Markets Value ETF

Avantis Emerging Markets Equity ETF

<p>UBS has downgraded its rating on US stocks to neutral allocation while maintaining an overweight on emerging market equities. The bank pointed out that the US market faces multiple risks, including low operating leverage, downside risks for the dollar, lackluster buyback yields, and high valuations. The strategy team stated that the drawdown of the US market relative to the global market is the largest in nearly 15 years</p>

Wallstreetcn

UBS downgrades US stock ratings, warning of multiple risks including policy and valuation

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