UBS Global Wealth Management CIO Mark Haefele said Fed rate hikes triggered some selling but have not deterred equity bulls. "We are positioned for further equity gains while preparing for near-term volatility," he said. He added that if tightening remains moderate, credit spreads stay stable and earnings continue to grow, the rally could broaden across more sectors and regions. UBS recommends diversifying equity exposure and avoiding concentration in rate-sensitive or single-return-driver areas

UBS Global Wealth Management CIO Mark Haefele said Fed rate hikes triggered some selling but have not deterred equity bulls. "We are positioned for further equity gains while preparing for near-term volatility," he said. He added that if tightening remains moderate, credit spreads stay stable and earnings continue to grow, the rally could broaden across more sectors and regions. UBS recommends diversifying equity exposure and avoiding concentration in rate-sensitive or single-return-driver areas.