[Fed Rate Hike Expectations Rise, UBS Issues 'Buy and Sell List': Buy Stocks on Dips, Wait for Gold to Pull Back] BlockBeats News, September 8: U.S. non-farm payrolls increased by 162,000 in August, far exceeding the market expectation of 55,000, marking the largest increase since March. The unemployment rate remained at 4.1%. Following the release of the data, the market estimated a roughly 60% probability of the Federal Reserve raising interest rates by 25 basis points in September. UBS believes that compared to whether a rate hike occurs, the more important factor for investment portfolios is whether the hike stems from economic strength or inflationary pressure. UBS remains optimistic about global equities and recommends buying on dips during periods of volatility, especially when earnings prospects remain strong. The firm favors themes such as AI, energy and resources, and longevity. In terms of bonds, UBS no longer recommends locking in yields on short- to medium-term bonds as a cash alternative but sees rising yields on high-quality medium- to long-term bonds as an allocation opportunity. UBS also noted that a tightening policy in the context of a strong economy could extend the dollar's strong cycle through capital inflows and relative economic performance. Investors may consider reducing excess dollar positions during periods of dollar strength. Gold may face short-term pressure from rising real interest rates and a stronger dollar, but it remains a long-term hedging and diversification tool. Investors can consider building positions after a price pullback. (Jin10) [Original Link]