Sarah Ponczek, a Portfolio Manager at UBS, shares her expertise on the recent trade deal with the UK and its positive impact on market sentiment. She discusses company paralysis and the ongoing US-China trade talks, highlighting investor reactions and the potential for tariff reductions. Ponczek also emphasizes the importance of careful stock selection and diversifying portfolios amid market volatility. As confidence grows, she reflects on the evolving landscape and emerging opportunities, especially in sectors sensitive to economic changes.
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insights INSIGHT
Volatility Is Normal For Investors
Market volatility is normal and long-term investors typically benefit despite short-term drawdowns.
Since 1998, in 70% of years with over 10% drawdowns, markets still ended higher 80% of the time.
question_answer ANECDOTE
Tariffs Paralyze Businesses
Clients in businesses reliant on China are struggling due to 145% tariffs, causing operational paralysis.
Many companies wait for trade deals to reduce tariffs to restore normal operations and supply chains.
volunteer_activism ADVICE
Diversify Beyond US Stocks
Diversify portfolios by increasing exposure to international stocks, gold, bonds, and private markets.
Consider short duration bonds to reduce interest rate risk and include private equity or credit for smoother returns.
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Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul SweeneyMay 9th, 2025 Featuring: 1) Sarah Ponczek, Portfolio Manager at UBS, on company paralysis and whether market sentiment is really changing after the single trade deal with the UK. Investors nvestors are focused on the outcome of the weekend trade talks between China and the US, as the Trump administration is considering a significant tariff reduction in talks with China to ease economic pain and de-escalate tensions. 2) Shana Sissel, founder & CEO of Banrion Capital Management, brings us into the market open and talks about caution and opportunity in AI & tech. It comes as the S&P 500 briefly topped its April 2 high, led by economically-sensitive sectors, while Treasury yields surged as traders pared bets on interest-rate cuts. 3) Joanna Gallegos, co-Founder at BondBloxx, talks about why fixed income needs to be a bigger part of investor portfolios, as long as investors are precise in their pickings, and talks about risks being signaled in the bond market. The market could be pricing in de-escalation at this weekend’s US-China talks. If there’s no such positive message, global markets could be hit hard Monday. 4) Ankur Daga, CEO and founder at Angara, discusses US/India tariffs implications for the diamond market and how CEOs are strategizing amid tariff uncertainty. It comes as US Secretary Howard Lutnick mentioned a potential future tarde agreement with India, but noted that it will require a lot of work, with around 7,000 lines of tariffs to be changed or modified. 5) Lisa Mateo joins with the latest headlines in newspapers across the US, including a WSJ story on a Soviet spacecraft falling back to Earth and Bloomberg's report on Costco monthly payment plans.Eric Mollo
Bloomberg Surveillance