UBS On-Air: Market Moves
How should I be positioned? with Ken Caplan (Blackstone) and Jason Draho (UBS CIO)
Oct 9, 2024
Ken Caplan, Global Co-Chief Investment Officer at Blackstone, and Jason Draho, Head of Asset Allocation Americas at UBS, dive into the shifting landscape of investment strategies. They dissect the U.S. economy's resilience amidst challenges in consumer spending. The duo discusses promising sectors like logistics and rental housing, and the growing significance of data centers in AI investments. They also explore global opportunities, particularly the optimistic outlook for India's economy and the evolving dynamics across Europe and Asia.
35:00
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Quick takeaways
- The U.S. economy shows resilience with stable revenue growth in private equity and low credit default rates despite some sector challenges.
- Investments in data centers and AI infrastructure are prioritized due to skyrocketing demand, highlighting strategic opportunities in a transforming market.
Deep dives
Resilience in the U.S. Economy
The current state of the U.S. economy is characterized by resilience despite signs of slowing growth. Revenue growth in various private equity portfolio companies remains stable, with many reporting mid-single-digit increases. Additionally, low default rates in the credit industry signal overall economic strength, particularly in sectors like digital infrastructure and IT spending. However, certain segments, including consumer markets and hospitality, are experiencing challenges, indicating a nuanced economic landscape.
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