UBS On-Air: Market Moves How should I be positioned? with Joe Davis (Vanguard) and Jason Draho (UBS CIO)
Mar 26, 2025
Join Joe Davis, Vanguard's Global Chief Economist, and Jason Draho, UBS's Head of Asset Allocation for the Americas, as they dive into the current U.S. economic landscape. They discuss the resilience of the economy amidst changing tariff dynamics and examine the promising role of AI in boosting productivity. The conversation also touches on the complexities of bond markets, the importance of diversification in investment strategies, and the future of monetary policy amid shifting global trends.
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US Economy Slowdown
- The US economy is downshifting due to rising policy uncertainty.
- Growth is weaker, but recession risks are not significantly elevated.
US Economy's Dynamism
- The US economy demonstrated resilience in 2023, growing despite recession predictions.
- This dynamism suggests the economy can adjust to challenges like tariffs.
AI's Transformative Potential
- AI's transformative potential is comparable to the personal computer.
- Widespread AI adoption is needed for significant economic impact.