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UBS On-Air: Market Moves
CIO First Take: Equities rebound
Aug 6, 2024
Jason Draho, Head of Asset Allocation Americas at UBS, shares his insights on the recent rebound in U.S. equity markets after a rocky start. He discusses key economic indicators—like inflation and retail sales—that could shape investor sentiment. Cautious optimism lingers as he highlights strategies for navigating market uncertainties. Draho emphasizes the importance of maintaining a long-term perspective and focusing on quality investments amidst fluctuations, guiding investors through these tumultuous times.
10:40
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Quick takeaways
- Recent market volatility shows significant rebounds in equities, but confidence remains tentative as investors await crucial economic indicators.
- Investors are being advised to adopt a long-term perspective, focusing on quality assets, particularly in technology, amid fluctuating market conditions.
Deep dives
Market Volatility and Recent Rebounds
Recent market volatility has prompted significant fluctuations in equity values, with notable rebounds following drastic declines. After a rough trading session where the S&P 500 fell approximately 4%, a recovery indicated that investor sentiment may be stabilizing. For instance, Japanese equities experienced a steep drop of 12% only to rebound by 10% the following day, showcasing the extreme swings being experienced in various markets. These rapid changes suggest underlying trade positioning issues and liquidity concerns rather than shifts based solely on economic fundamentals.
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