UBS: AI Sector Fell 5% Last Week; Tech and Non-Tech Synchronized Rally Undervalued
Source：
www.techflowpost.com
UBS believes implied correlation is too low. If interest rate and oil price pressures ease, the midterm election risk does not materialize, and earnings beat expectations, tech and non-tech sectors may rally in tandem. The firm recommends buying S&P 500 December out-of-the-money call options, buying industrial call options, selling consumer staples call options, going long utilities versus consumer staples, going long KOSPI versus NIFTY 50, and reducing energy exposure.
