UBS On-Air: Market Moves

Top of the Morning: Fixed Income Strategist - Q2 outlook

23 Apr 2024

Contributed by Lukas

Our conversation outlines performance expectations for fixed income over the next few months, along with CIO’s current thinking on Fed rate cuts in ...

UBS On-Air: Paul Donovan Daily Audio 'Is sentiment saying anything'

23 Apr 2024

Contributed by Lukas

Another blast of business sentiment opinion polls will be trying to get attention today. European business sentiment has tended to underreport economi...

Top of the Morning: CIO Strategy Snapshot - The 6% economy

22 Apr 2024

Contributed by Lukas

The markets have been faced in recent weeks with notable economic data releases, updated views on the Fed’s course for monetary policy, rising geopo...

UBS On-Air: Paul Donovan Daily Audio 'Details, details'

22 Apr 2024

Contributed by Lukas

Structural change is a challenge. Data becomes less reliable, and traditional economic relationships break. Last week, the UK reported London house pr...

Middle East Escalation: Outlook and implications

20 Apr 2024

Contributed by Lukas

Tensions in the Middle East continue to rise following Iran’s attack on Israel. To discuss the latest developments and what could happen next, Solit...

Washington Weekly Podcast: Geopolitics roundup, Congressional aid packages

19 Apr 2024

Contributed by Lukas

In the wake of recent direct conflict between Israel and Iran, Shane recaps where the conflict stands and what the response has consisted of. We also...

Top of the Morning: The week in review and preview

19 Apr 2024

Contributed by Lukas

As we conclude another trading week, we reflect on the start of the Q1 corporate earnings season, and recent activity within US equity markets. We al...

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 3)

19 Apr 2024

Contributed by Lukas

On this week’s episode, Burkhard explains how a young statistician saved the lives of many Air Force pilots during WWII - while the famous anecdote ...

UBS On-Air: Paul Donovan Daily Audio 'Safe havens sought—for now'

19 Apr 2024

Contributed by Lukas

Financial markets are having to assess political risks—something markets are ill-equipped to do. US officials confirmed Israel had attacked Iran, wi...

UBS On-Air: Paul Donovan Daily Audio 'The destructive power of economic nationalism'

18 Apr 2024

Contributed by Lukas

US President Biden called China “xenophobic” in comments highlighting China’s structural economic challenges. Biden also pledged higher taxes on...

How should I be positioned? with Torsten Slok (Apollo) and Jason Draho (UBS CIO)

17 Apr 2024

Contributed by Lukas

Torsten rejoins Jason in the studio for a discussion around the US macroeconomic environment, including an outlook for growth, inflation and Fed rate ...

UBS On-Air: Paul Donovan Daily Audio 'The problems with Powell'

17 Apr 2024

Contributed by Lukas

Federal Reserve Chair Powell is not an economist. Not everyone can be an economist, but central bank heads probably should be economists. Yesterday, P...

ElectionWatch 2024: The race, the world, and investments

16 Apr 2024

Contributed by Lukas

Listen to our first ElectionWatch virtual event, where Solita Marcelli, Chief Investment Officer Americas, was joined by Frank Kelly, Founder & Ma...

3 Levels Podcast: The basics of investing and financial planning

16 Apr 2024

Contributed by Lukas

This new monthly podcast focuses on topics that help families understand the basics of investing and financial planning at three different levels of d...

UBS On-Air: Paul Donovan Daily Audio 'Unsurprisingly surprising'

16 Apr 2024

Contributed by Lukas

China’s official first quarter GDP data reported surprising strength. Unsurprisingly, this surprise will make the official 2024 growth target easier...

Top of the Morning: CIO Strategy Snapshot - Putting up with it

15 Apr 2024

Contributed by Lukas

Following an eventful couple of weeks in the markets, spanning upside surprises in macro data to geopolitical developments, Jason Draho brings us up t...

UBS On-Air: Paul Donovan Daily Audio 'Tensions and ignoring tail risks'

15 Apr 2024

Contributed by Lukas

Markets are relatively calm in the wake of events in the Middle East. This may seem peculiar, but markets rarely price in extreme tail risks. Iran ind...

Talking Markets ‘Muni edition’ with Jon Mondillo (abrdn) & Kathleen McNamara (UBS CIO)

14 Apr 2024

Contributed by Lukas

Kathleen and Jon discuss a wide range of topics, including considerations when it comes to muni duration, sector preferences (including tax-exempt), i...

Macro Monthly Podcast with UBS Asset Management

13 Apr 2024

Contributed by Lukas

Hear from top investment professionals from the UBS Asset Management’s Multi-Asset Team.

Viewpoints with Burkhard Varnholt - A global markets podcast

12 Apr 2024

Contributed by Lukas

On this week’s episode, Burkhard explains what investors can learn from stock market all-time-highs, placing the US and global economy into the cont...

Top of the Morning: The week in review and preview

12 Apr 2024

Contributed by Lukas

We recap the week that was, including a look at the March CPI print and the potential implications to monetary policy (including a review of CIO’s r...

Washington Weekly Podcast: Ukraine Aid, House Speaker Johnson, Technology export controls

12 Apr 2024

Contributed by Lukas

Our conversation revisits ongoing debate up on Capitol Hill over aid packages for both Ukraine and Israel, and what this all could potentially mean fo...

UBS On-Air: Paul Donovan Daily Audio 'Prices, policy, and politics'

12 Apr 2024

Contributed by Lukas

ECB President Lagarde signalled nothing markets did not already know yesterday. Rate cuts are coming. Economically, the dissenters on the governing co...

UBS On-Air: Paul Donovan Daily Audio 'Inflation comes unstuck'

11 Apr 2024

Contributed by Lukas

Inevitably markets reacted to US consumer price inflation headlines, but the details did matter. There is very strong evidence against inflation stick...

Talking Markets ‘Equities edition’ with Melda Mergen (Columbia Threadneedle) & David Lefkowitz (UBS CIO)

10 Apr 2024

Contributed by Lukas

With a strong Q1 behind us, Melda and David outline their thoughts on current valuations, along with a performance outlook for US equities. We also c...

UBS On-Air: Paul Donovan Daily Audio 'Details, details'

10 Apr 2024

Contributed by Lukas

US March consumer price inflation data is due. Inflation is a complex subject (reasonably priced, widely available books could be written about it). S...

Top of the Morning: Introducing the ‘Longer Term Themes Quarterly’

09 Apr 2024

Contributed by Lukas

Each quarter we will dive into what’s new amongst the six thematic focuses of the UBS Chief Investment Office, as outlined within the new Longer Ter...

UBS On-Air: Paul Donovan Daily Audio 'Fed speakers confirm your beliefs'

09 Apr 2024

Contributed by Lukas

The market calendar is mainly noise. Quite a lot of that noise has come from Federal Reserve members. Investors can pick whichever view they want, to ...

Fixed Income Conversation Corner with Clayton Triick (Angel Oak) and Leslie Falconio (UBS CIO)

08 Apr 2024

Contributed by Lukas

Our conversation focuses on the landscape for residential mortgage-backed securities (RMBS), including thoughts around investment considerations. Fea...

UBS On-Air: Paul Donovan Daily Audio 'Trade and tensions'

08 Apr 2024

Contributed by Lukas

Markets await US March consumer price inflation data, due for release on Wednesday. Federal Reserve Chair Powell’s 2022 policy errors elevated the i...

Washington Weekly Podcast: US-China meetings, Trade policy, Ukraine aid

05 Apr 2024

Contributed by Lukas

Our conversation provides some takeaways from this week’s phone meeting between President’s Joe Biden and Xi Jinping, along with Treasury Secretar...

Top of the Morning: The week in review and preview

05 Apr 2024

Contributed by Lukas

Brian Rose joins to share his take on the March employment report, along with the health of the US labor market. We also review other key economic re...

UBS On-Air: Paul Donovan Daily Audio 'Employment report Friday—do we care?'

05 Apr 2024

Contributed by Lukas

It is US employment report Friday (or “average earnings are not wages” day). Since mid-last year, the US has added almost 1.60 million jobs, and h...

UBS On-Air: Paul Donovan Daily Audio 'A pontification of central bankers'

04 Apr 2024

Contributed by Lukas

Federal Reserve Chair Powell spoke yesterday. Today, no fewer than five members of the Fed are speaking on the economic outlook, presumably to clarify...

UBS On-Air: Paul Donovan Daily Audio 'Did central banks reduce inflation?'

03 Apr 2024

Contributed by Lukas

Federal Reserve Chair Powell is speaking on the economic outlook today. An explanation of how Fed policy transmitted (or failed to transmit) to inflat...

Top of the Morning: Unlocking opportunities in EM tech

02 Apr 2024

Contributed by Lukas

With US equity markets trading near all-time-highs, we share considerations when it comes equity diversification via emerging markets, notably within ...

UBS On-Air: Paul Donovan Daily Audio 'Developing disinflation'

02 Apr 2024

Contributed by Lukas

The UK British Retail Consortium’s shop price index exhibited more disinflation than had been expected, with prices rising 1.3% y/y. This measure do...

Top of the Morning: US Industrials Sector - Update & outlook

01 Apr 2024

Contributed by Lukas

Our conversation outlines the thesis behind CIO’s most preferred view of the US Industrials sector. We also touch on sub-sector preferences, invest...

Macro Monthly Podcast with UBS Asset Management

01 Apr 2024

Contributed by Lukas

Hear from top investment professionals from the UBS Asset Management’s Multi-Asset Team.

Washington Weekly Podcast: Funding Bill, Decision 2024 Polling, Baltimore & more

28 Mar 2024

Contributed by Lukas

Our conversation recaps the recently signed Government Funding Bill, and examines efforts from within the House of Representatives to remove House Spe...

House Call: Talking Equity Markets with UBS Asset Management

28 Mar 2024

Contributed by Lukas

A monthly check on US equity market performance and positioning considerations with Jeremy Zirin, Senior Portfolio Manager, and Head of the Private Cl...

Top of the Morning: Emerging Markets - US Election Implications

28 Mar 2024

Contributed by Lukas

Our conversation outlines the implications of potential outcomes of the 2024 US Elections to emerging market economies and markets. We also cover pos...

UBS On-Air: Paul Donovan Daily Audio 'Revising growth (again)'

28 Mar 2024

Contributed by Lukas

The latest guess at UK GDP in the fourth quarter left headline numbers unchanged, while the details shifted. Strike action undermined fourth quarter a...

View Points with Burkhard Varnholt – A global markets podcast

27 Mar 2024

Contributed by Lukas

View Points is a new weekly podcast series which focuses on global market and macro developments. Tune in each week to hear timely insights from Burk...

UBS On-Air: Paul Donovan Daily Audio 'Inflation and interest rates'

27 Mar 2024

Contributed by Lukas

In a relatively quiet data calendar, Spanish March consumer price inflation gets some attention. The expectation is for a modest increase in the headl...

CIO Global Livestream: How to navigate all-time highs?

26 Mar 2024

Contributed by Lukas

CS Head of Investments Burkhard Varnholt and colleagues around the world discuss three of the big questions investors are asking today.

Sustainable Investing Perspectives with Martin Grosskopf (AGF) and Amantia Muhedini (UBS CIO)

26 Mar 2024

Contributed by Lukas

This month we examine the evolution of the green labor market landscape, along with a look at shareholder engagement when it comes to the energy trans...

Fixed Income Roundtable with the UBS Chief Investment Office

26 Mar 2024

Contributed by Lukas

Join the CIO fixed income team every other month for a discussion around the drivers behind asset class trends and performance, rates, positioning and...

UBS On-Air: Paul Donovan Daily Audio 'Invoking debt debacles'

26 Mar 2024

Contributed by Lukas

The head of the US Congressional Budget Office issued a warning about US debt sustainability, suggesting an extreme parallel with the debt debacle pre...

Washington Weekly Podcast: Israel-Hamas War, Decision 2024, No Labels

25 Mar 2024

Contributed by Lukas

Our conversation recaps the latest round of Primary results, along with a look at the prospects of a ‘No Labels’ Presidential campaign launch. We...

Top of the Morning: CIO Strategy Snapshot - Supply-siders

25 Mar 2024

Contributed by Lukas

Our conversation examines positive supply-side developments that have been a boon to the US economy, along with the latest asset allocation guidance f...

UBS On-Air: Paul Donovan Daily Audio 'After the central bank party'

25 Mar 2024

Contributed by Lukas

After last week’s flurry of central bank decisions, we now have assorted central bankers giving more detail on their views. The Bank of England’s ...

Top of the Morning: The week in review and preview

22 Mar 2024

Contributed by Lukas

This week was all about the Fed, though we heard as well from several other global central banks - we outline the notable takeaways, plus, preview wha...

UBS On-Air: Paul Donovan Daily Audio 'Rising certainty about reducing rates'

22 Mar 2024

Contributed by Lukas

This week has increased certainty about interest rate reductions in the world’s main economies. That certainty was absolute in Switzerland, where ra...

Top of the Morning: What should investors do with their allocation to Chinese equities?

21 Mar 2024

Contributed by Lukas

We outline the recent downgrade of China to neutral by the UBS Chief Investment Office, plus touch on a performance update of Chinese equities, along ...

UBS On-Air: Paul Donovan Daily Audio 'Right response, wrong reasons?'

21 Mar 2024

Contributed by Lukas

Financial markets had the right reaction for the wrong reasons to the Federal Reserve interest rate decision. Certainty about US rate cuts has increas...

CIO First Take: FOMC rate decision

20 Mar 2024

Contributed by Lukas

Fresh off of the latest FOMC policy meeting and press conference, the UBS Chief Investment Office shares reflections on the outcome. Featured is Bria...

Top of the Morning: The Circular Economy (Longer-Term Investment Theme)

20 Mar 2024

Contributed by Lukas

We continue our series of thematic investing conversations by reviewing recent updates to the ‘Circular Economy’ longer-term investment theme from...

Top of the Morning: Muni Markets - Local governments, equipped for headwinds

20 Mar 2024

Contributed by Lukas

Our monthly conversation on the muni market examines the resiliency of local governments, the recent reversal of muni performance, portfolio themes to...

Fixed Income Conversation Corner with Scott DiMaggio (AllianceBernstein) and Leslie Falconio (UBS CIO)

20 Mar 2024

Contributed by Lukas

Our conversation outlines the current landscape for fixed income investors and where to locate opportunity within the asset class. We also touch on a...

UBS On-Air: Paul Donovan Daily Audio 'Great expectations'

20 Mar 2024

Contributed by Lukas

The Bank of Japan did exactly what the Nikkei said it would. The only surprise was that two members of the policy committee appear not to have read th...

The Energy Transition: Investment considerations & The road ahead

19 Mar 2024

Contributed by Lukas

Jay Dobson and Ed Coyne drop by UBS Studios in New York for an in-depth conversation about where we are in the energy transition story, including a lo...

Around the Horn: Monthly Fixed Income Roundtable with UBS Asset Management

19 Mar 2024

Contributed by Lukas

Hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income and Liquidity teams. Together, they prov...

529 to Roth IRA Rollovers: What you need to know

19 Mar 2024

Contributed by Lukas

Join us as we explore a new provision that allows excess college 529 assets to be rolled to the 529 beneficiary’s Roth IRA. Isaac Chota, UBS 529 and...

UBS On-Air: Paul Donovan Daily Audio 'The start of policy decisions'

19 Mar 2024

Contributed by Lukas

US interest rate expectations jumped about yesterday. There was a lack of either meaningful data or Federal Reserve commentary. However, there is also...

Top of the Morning: CIO Strategy Snapshot - Speed bumps

18 Mar 2024

Contributed by Lukas

With the next FOMC meeting a day away, Jason Draho speaks to how the Fed might interpret recent economic data, and how the data may influence the Fed’...

Washington Weekly Podcast: TikTok, Haiti, & Decision 2024

18 Mar 2024

Contributed by Lukas

Shane drops by UBS Studios in New York to update us on Congressional action against TikTok, the unfolding developments within Haiti, and upcoming mile...

UBS On-Air: Paul Donovan Daily Audio 'The end of the beginning'

18 Mar 2024

Contributed by Lukas

This week marks a new phase in the battle between markets and central banks about the timing of rate cuts. We are not at the end—no one is expecting...

Top of the Morning: The week in review and preview

15 Mar 2024

Contributed by Lukas

As we conclude another trading week, Matt Tormey rejoins us to weigh in on equity valuations and recent momentum in markets. We also reflect on the l...

UBS On-Air: Paul Donovan Daily Audio 'Meaningless noise'

15 Mar 2024

Contributed by Lukas

We have consumer inflation expectations surveys from the US and UK today. These will probably generate media excitement, but economically they are mea...

Top of the Morning: Fixed Income Strategist - Making the grade

14 Mar 2024

Contributed by Lukas

As we near the end of 1Q24, we reflect on fixed income performance and CIO’s current positioning recommendations within the asset class. We also ou...

UBS On-Air: Paul Donovan Daily Audio 'What price discounting can do'

14 Mar 2024

Contributed by Lukas

US producer price data is mercifully free of problematic used-car prices and fantasy owners’ equivalent rent. It is also less susceptible to profit-...

Top of the Morning: US Healthcare - Sector update and outlook

13 Mar 2024

Contributed by Lukas

Following the upgrade of the US Healthcare sector to most preferred, Eric Potoker explains the allocation shift and sub-sector views within the broade...

CIO First Take: February CPI print with Brian Rose

13 Mar 2024

Contributed by Lukas

Following this morning's release of the February CPI print, Senior Economist Americas with the UBS Chief Investment Office, Brian Rose, drops by t...

UBS On-Air: Paul Donovan Daily Audio 'Biden versus Trump. Too soon to care.'

13 Mar 2024

Contributed by Lukas

US consumer price inflation was largely as expected, but the detail shows a narrower number of prices that are contributing to inflation. Excluding sh...

Fixed Income Conversation Corner Podcast with Mike Contopoulos (RBA) and Leslie Falconio (UBS CIO)

12 Mar 2024

Contributed by Lukas

Mike Contopoulos rejoins Leslie Falconio for a discussion around asset class performance, the potential course for monetary policy from here, position...

UBS On-Air: Paul Donovan Daily Audio 'Economic fairy tales'

12 Mar 2024

Contributed by Lukas

US February consumer price data are due. It is the detail that will tell us about the strength of disinflation forces. The January number had less hea...

Top of the Morning: CIO Strategy Snapshot - Macro thoughts

11 Mar 2024

Contributed by Lukas

We begin the trading week by recapping last week’s macro developments, including the latest US jobs report, and Fed Chairman Jerome Powell’s semi-...

Top of the Morning: Feb Jobs Report, Fed takeaways, & the week ahead

11 Mar 2024

Contributed by Lukas

We conclude the week by reflecting on the February Jobs Report, Fed Chairman Jerome Powell’s Congressional testimony, and discuss the investment imp...

UBS On-Air: Paul Donovan Daily Audio 'Don’t trust the data (again)'

11 Mar 2024

Contributed by Lukas

Japan offered a timely reminder of the unreliability of economic data. Fourth quarter GDP was revised from -0.4% to +0.4%. Admittedly, this is an annu...

CIO House View Monthly Livestream (Mar)

10 Mar 2024

Contributed by Lukas

Hear the latest thinking and investment recommendations from the UBS Chief Investment Office with Leslie Falconio, Head of Taxable Fixed Income Strate...

Washington Weekly Podcast: State of the Union, GOP Response & Super Tuesday

08 Mar 2024

Contributed by Lukas

We reflect on President Biden’s third State of the Union address, including a look at the key themes and messaging. We also update on Decision 2024...

UBS On-Air: Paul Donovan Daily Audio 'Self-serving employment'

08 Mar 2024

Contributed by Lukas

The US employment report looms—for all its flaws (which are many), it still evokes excitement. Investors have two questions. Is the economy slowing?...

UBS On-Air: Paul Donovan Daily Audio 'A US accent (in a British accent)'

07 Mar 2024

Contributed by Lukas

Federal Reserve Chair Powell testifies to the Senate today. Yesterday’s remarks were consistent with three or four rate cuts this year, but there wa...

UBS On-Air: Paul Donovan Daily Audio 'The “Super Tuesday” loser'

06 Mar 2024

Contributed by Lukas

The US “Super Tuesday” primaries offered no real surprises for markets as to the outcome. However, opinion polls seem to be the clear loser. The R...

UBS On-Air: Paul Donovan Daily Audio 'Do targets matter?'

05 Mar 2024

Contributed by Lukas

China announced a growth target of around 5%. China’s officials are strongly motivated to ensure official numbers meet the target, but do investors ...

CIO First Take: Government funding, Super Tuesday preview & more

04 Mar 2024

Contributed by Lukas

Following what has been a busy week in Washington DC, Tom McLoughlin join us to update on government funding negotiations, preview this week’s Super...

Top of the Morning: CIO Strategy Snapshot - Rain or Shine

04 Mar 2024

Contributed by Lukas

With the S&P 500 having closed higher 16 of the past 18 weeks, Jason Draho outlines the factors that could determine whether the momentum will con...

UBS On-Air: Paul Donovan Daily Audio 'A busy week'

04 Mar 2024

Contributed by Lukas

It’s a quiet start to a busy week. The ECB makes a policy decision later this week—no one is expecting a change, but it allows for an official sta...

Top of the Morning: The week in review and preview

01 Mar 2024

Contributed by Lukas

We recap the week that was, including the latest PCE data, remarks from several Fed officials, and ongoing public policy negotiations in Washington DC...

UBS On-Air: Paul Donovan Daily Audio 'More disinflation, and a lot of Fed speak'

01 Mar 2024

Contributed by Lukas

The US personal consumer expenditure deflator remains in disinflation. Durable goods prices sank ever deeper into deflation. Market-based prices showe...

Top of the Morning: ‘Hedge Funds: 2024 Outlook & Positioning’

29 Feb 2024

Contributed by Lukas

Our conversation provides a performance update and outlook for hedge funds, along with a look at the investment case for hedge fund investing in the c...

CIO global livestream: Four things no great portfolio can do without

29 Feb 2024

Contributed by Lukas

Hear from members of the UBS Chief Investment Office, including Mark Haefele, David Lefkowitz, Rolf Ganter, and Crystal Zhao, as they share an economi...

UBS On-Air: Paul Donovan Daily Audio 'More inflation fun'

29 Feb 2024

Contributed by Lukas

Yesterday’s US GDP revisions did not add much to investors’ stock of knowledge. The US consumer proved stronger than initially thought, as US cons...

Top of the Morning: Which assets are better to use in retirement?

28 Feb 2024

Contributed by Lukas

Our conversation outlines considerations when it comes to earmarking assets for tax-efficient retirement spending, along with those for inheritance an...

UBS On-Air: Paul Donovan Daily Audio 'GDP and TikTok'

28 Feb 2024

Contributed by Lukas

US fourth quarter GDP data is revised today. This does not give us a slightly less ill-informed picture of economic activity at the end of last year, ...

Talking Markets Podcast Series with Brian Levitt, Invesco

28 Feb 2024

Contributed by Lukas

Brian Levitt is a Global Market Strategist at Invesco. Brian shares is economic outlook (including a look at the US inflation picture), reflects on t...

Top of the Morning: Muni Markets - Empire state issuers

28 Feb 2024

Contributed by Lukas

We discuss the cataylsts behind the stall in the muni rally, examine the results of CIO’s annual review of widely held New York credits, and look at...

Washington Weekly Podcast: Government Shutdown, Ukraine aid, Governor’s Summit & more

27 Feb 2024

Contributed by Lukas

As officials in Washington DC meet to negotiate an aid package for Ukraine and avert a partial shutdown of the US government, Shane discusses what’s...

Sustainable Investing Perspectives with Amantia Muhedini (UBS CIO) and Katherine Kroll (Brown Advisory)

27 Feb 2024

Contributed by Lukas

In this episode, we’re rejoined by Katherine Kroll of Brown Advisory for a discussion around the decarbonization of the shipping industry, and how t...