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2.39 MB
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Extraction Summary

1
People
3
Organizations
2
Locations
5
Events
1
Relationships
6
Quotes

Document Information

Type: Financial research report / investment strategy document
File Size: 2.39 MB
Summary

This is a page from a UBS financial strategy report titled 'US equities' focusing on market preferences for late 2012 (implied by references to QE3 and the Fiscal Cliff). It analyzes the S&P 500, provides positive and negative market scenarios, and offers tactical sector recommendations (favoring IT, Industrials, and Consumer Staples). The document includes a Bates stamp 'HOUSE_OVERSIGHT_025261', indicating it was obtained during a congressional investigation.

People (1)

Name Role Context
Markus Irngartinger CIO asset class specialist
Listed as the contact person for further information at UBS.

Organizations (3)

Name Type Context
UBS
Authoring financial institution of the report.
The Fed (US Central Bank)
Mentioned regarding monetary policy and quantitative easing (QE 3).
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT' indicating the document was part of a congressional inquiry.

Timeline (5 events)

November 1
ISM manufacturing data release.
US
November 11
Release of minutes of Fed meeting (of 24 October).
US
The Fed
November 2
US labor market report for October.
US
November 5
ISM non-manufacturing data release.
US
October 24
Fed meeting mentioned in upcoming minutes release.
US
The Fed

Locations (2)

Location Context
Primary focus of the equity market analysis.
Mentioned in the negative scenario regarding debt crisis.

Relationships (1)

Markus Irngartinger Employment UBS
Listed as CIO asset class specialist for UBS with a UBS email address.

Key Quotes (6)

"Preference: overweight"
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #1
"We keep our preference for US equities relative to other developed equity markets."
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #2
"The debate around the fiscal cliff implies increased uncertainty over the coming months."
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #3
"We continue to like IT. The sector trades at the lowest valuation multiples seen since the early 1990s."
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #4
"Positive scenario S&P 500 (6-month target): 1,700"
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #5
"Negative scenario S&P 500 (6-month target): 1,250"
Source
HOUSE_OVERSIGHT_025261.jpg
Quote #6

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