UBS once again recommends "a full strategic allocation" to US equities ...Middle East

In a note published Monday, the bank clarified that its recent downgrade of U.S. equities from “Attractive” to “Neutral” reflects short-term valuation concerns, not a bearish outlook.

I would have thought neutral would mean less than a full allocation. Maintaining "full strategic allocation" despite trimming its outlook seems convoluted reasoning to me. But, hey, maybe that's why they get paid the big $$$?

This article was written by Eamonn Sheridan at www.forexlive.com.

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