Earnings, Not the Fed, Are Driving Stocks: UBS's Lovell

Nadia Lovell, head of global equity strategy at UBS Global Wealth Management, says strong earnings and broadening profit growth should keep stocks moving higher even as rising rates create near-term volatility. “What’s gonna drive this market is earnings. It’s not valuation expansion,” Lovell says on “Bloomberg Surveillance.” (Source: Bloomberg)

Nadia Lovell, head of global equity strategy at UBS Global Wealth Management, says strong earnings and broadening profit growth should keep stocks moving higher even as rising rates create near-term volatility. “What’s gonna drive this market is earnings. It’s not valuation expansion,” Lovell says on “Bloomberg Surveillance.” (Source: Bloomberg)