It has not been much time since the beginning of the year, but a lot has changed in our world. At least then, the S & P fell by 6% - this fact alone makes us think, and lower their expectations for the remainder of 2016 - on AMarkets materials.
UBS Bank lowered the target for the US index of wide market to the level of 2175 from the level of 2275 earlier forecast. January brought a lot of uncertainty in the market.
All we worried and continue to worry about the situation in China's economy. It is also worth noting a surge in volatility in the FX market - in such circumstances is extremely difficult for investors to make trading decisions.
the VIX Index greed - reflects the mood of investors - in 2016 reaching up to levels that could be in 2011. The most pessimistic scenario from of UBS (if the US will be in recession) - S & P falling to 1750 (or about 8% from current levels).