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UBS On-Air: Market Moves
How should I be positioned? with Richard Bernstein (RBA) and Jason Draho (UBS CIO)
Nov 26, 2024
In this insightful discussion, Richard Bernstein, Founder and CEO of Richard Bernstein Advisors, teams up with Jason Draho, UBS CIO's Head of Asset Allocation Americas. They delve into the macroeconomic landscape as 2025 approaches, examining the U.S. economy's resilience despite inflation. The duo explores the impact of rising interest rates on markets, advocating for a focus on value stocks. They also debate gold versus cryptocurrencies, suggesting gold as a stable investment. Join them for a deep dive into strategic positioning in uncertain times!
34:43
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Quick takeaways
- The U.S. economy is projected to maintain a healthy growth trajectory into 2025, driven by strong GDP and low jobless claims.
- Investment strategies are shifting towards value stocks and sector diversification to navigate the anticipated changes in interest rates and inflation.
Deep dives
U.S. Economy Health and Outlook
The current state of the U.S. economy is characterized as healthy, with projections indicating a continuous upward trajectory. GDP is tracking around 2.5%, jobless claims remain low, and the stock market is performing well, all suggesting stability rather than an impending recession. Additionally, corporate profits are increasing, which could drive further growth, contradicting fears of an economic downturn. As we look towards 2025, expectations of nominal growth reflect an optimistic view, with potential economic and fiscal stimuli enhancing the outlook.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode