Gold Finance reported that UBS's securities trading department believes that the decline in the US Stock Market has nearly ended, paving the way for a recovery by the end of the year. The stock market fell last week due to a decline in investor expectations regarding further easing of the Federal Reserve's policy (FED), and their withdrawal from crowded artificial intelligence trades. The S&P 500 and Nasdaq 100 indices dropped about 4% and 7% respectively from the record levels reached in late October, both falling to the 100-day moving average. However, as the benchmark index received support at this critical technical level, selling by hedge funds has largely stopped, and market expectations regarding interest rate cuts by the Federal Reserve (FED) next month seem to have returned to the right track. UBS believes there is room for further rise in the stock market. Michael Romano, head of hedge fund equity derivatives sales at UBS, wrote in a report released on Sunday: "We believe that the current risk-averse phase has ended."#GateChristmasGiveaway #NonfarmPayrollsBeatExpectations #ReboundTokenstoWatch #PI #BTC