UBS On-Air: Market Moves Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 49)
Oct 28, 2025
Burkhard Varnholt, a Senior UBS investment strategist, discusses the current upward momentum in the equity markets and the controversial notion of whether we're in a bubble. He compares today's market to the late 90s TMT bubble, emphasizing that today's infrastructure mitigates systemic risks. Burkhard explains how market mechanics, like earnings and interest rates, reflect stability, and advises listeners to ignore media noise, stay invested, and seize potential near-term buying opportunities.
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Market Moves Are Driven By Fundamentals
- The market largely reflects earnings and interest rates, not sentiment or headlines.
- Without a recession, rising earnings and tame inflation can sustain market gains.
Past Bubbles Didn’t Derail The Economy
- Past bubbles created buying opportunities rather than systemic calamity.
- Record-high GDP alongside markets suggests growth underpins current highs.
Stay Invested And Review Strategy
- Tune out market noise and check your long-term strategy regularly.
- Stay invested because time in the market matters more than timing the market.