The bull market in the US stock market is not over! UBS: The S&P 500 index is expected to rise by another 13% by the end of next year. Since the beginning of this year, the US stock market has repeatedly reached new highs, with the S&P 500 index rising by over 23% this year. Whether the bull market is coming to an end has become a hot topic in the market. In UBS's view, the US stock market's upward trend is still ongoing and is expected to record double-digit gains by the end of next year.