UBS On-Air: Market Moves

On this week’s episode of Viewpoints, Burkhard reflects on this week’s flurry of central bank activity, and what it means for the “big rotation” in global markets that we’ve been discussing in recent weeks. This includes thoughts on Wednesday’s press conference from Fed Chair Jerome Powell where he used the word “uncertainty” 16 times. We also spend time outlining the investment case for India by answering the question “why now?”.

We check-in on recent performance of the municipal bond market against a backdrop of policy uncertainty and broader market volatility, including a look at a performance outlook, along with recommendations when it comes to positioning. Plus, a deep dive into the implications of D.C. policy to segments of the municipal market. Featured are Sudip Mukherjee, Senior Fixed Income Strategist Americas, and Jeannine Lennon, Municipal Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

The Federal Reserve left rates unchanged, as expected. Forecasts cut economic growth projections for the next three years, to a rate well below that of the each of the last four years. Inflation forecasts were pushed up. The media will rush to declare “stagflation”—but this is hardly the 1970s. Tariffs will raise inflation and then lower growth, so the pattern is not unexpected, and of course there is considerable uncertainty given erratic government policy.

As volatility persists across global markets, investors have become increasingly concerned about the risk of an economic recession. While it’s tempting to make changes to ones’ investment strategy during such periods of high uncertainty, Justin and Ainsely outline strategies to consider in light of the recent market selloff. Featured are Justin Waring, Senior Total Wealth Strategist, & Ainsley Carbone, Retirement Strategist, UBS Chief Investment Office. Host: Daniel Cassidy

Hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income, and Liquidity teams. They share views on the markets and what they believe you should be focused on within the fixed income space. Recorded on 03.12.25

Yesterday, US President Trump sought to fire the two Democrat commissioners on the Federal Trade Commission. If successful, this might become a precedent that could challenge the political independence of the Federal Reserve.

Our conversation focuses on the landscape for residential mortgage-backed securities (RMBS), including thoughts around investment considerations. Featured are Clayton Triick, Head of Portfolio Management of Public Strategies with Angel Oak Capital Advisors, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

Dan Suzuki serves as the Deputy Chief Investment Officer of Richard Bernstein Advisors (RBA). Dan shares his take on a wide range of topics that have recently influenced investor sentiment and moved markets, including US trade policy, growth concerns, and the progression of artificial intelligence. We also outline a market outlook and discuss asset allocation considerations. Host: Daniel Cassidy Recorded on 03.13.25.

The OECD revised down estimates of US growth for this year and next. The OECD does not have any special insight (other than the extraordinary insight of all economists), and market forecasts for growth tend to adjust faster than those of the OECD. The announcement is a reminder of the shift in the narrative about US growth, in the face of erratic policy and rising US consumer taxes.

As investors continue to weigh whether to buy the dips or sell the rallies, Jason suggests how assessing President Trump’s decision tree for implementing tariffs may deliver clarity. We also preview this week’s FOMC meeting, reflect on the latest retail sales data, and acknowledge the YTD outperformance of international markets. Plus, thoughts on portfolio positioning. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy