Original title: us stocks are expected to continue to hit new highs, and these sectors deserve special attention.

UBSThe group believes that the Fed will focus on short-term inflation and the job market, against this backdrop, the bank believes that the stock market will rise further, the core point is as follows.

Monday (June 14)

S & P 500

The index hit an all-time high, while the yield on the 10-year Treasury note fell, despite the fastest rise in core CPI since 1992.

The three major indexes of US stocks closed mixed on Monday.

S & P 500

The index rose three times in a row, holding the index to record highs as investors held their breath for clues about inflation and the Fed's tightening monetary policy at the upcoming Fed meeting.

Specific data showed that as of Monday's close, the Dow was down 85.39 points, or 0.25%, at 34394.21, while the Nasdaq was up 104.72 points, or 0.74%, at 14174.14.

S & P 500

The index rose 7.76 points, or 0.18%, to 4255.20.

The data support the Fed's view that inflation is not comprehensive and may be temporary. The impact of low base effects, such as energy prices, will be mitigated in the coming months.

By the end of this year, even if

Brent crude oil

When prices rise to our forecast of $75 a barrel, the direct impact of oil prices on US consumer price inflation will almost halve.

As increased unemployment benefits are cancelled, schools reopen after the summer, and vaccination increases the confidence of older workers to rejoin the workforce, it is believed that employment will grow faster, but this will not last for a few months.

We agree with the Fed that the rise in inflation will be temporary. With the full opening up of the economy and accelerated job growth, the 10-year Treasury yield is expected to return to rising momentum and is expected to yield 2% by the end of the year. The stock market will rise further and cyclical areas such as energy and finance should outperform the broader market.