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UBS' new equity chief warns that a 10% plunge in the stock market this year will catch investors off-guard — and outlines how to protect against losses
  • Stock-market investors are failing to fully price in the impact that higher interest rates will soon have on the economy, according to Francois Trahan, the newly appointed chief US equity strategist at UBS. 
  • Trahan's new year-end target for the S&P 500 implies a decline of about 10% as the effects of higher borrowing costs kick in with a lag.
  • Visit Business Insider's homepage for more stories.

Full "The Business Insider: The Money Game" article

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