UBS On-Air: Market Moves

There is another wave of noise from sentiment polls (today it is the turn of service sector sentiment). French September manufacturing and industrial production data are due (manufacturing sentiment has pointed to a dramatic collapse in production since January 2023. French manufacturing output has risen over the same period).

With Election Day just hours away, and a Fed policy meeting slated for later this week, Jason drops by to share CIO’s assessment heading into the election, along with what recent jobs and GDP data could mean for the course for monetary policy. We also check in on Q3 corporate earnings results, share CIO’s current market outlook, along with guidance when it comes to asset allocation. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

The US employment report last Friday was weak, but distorted. It does not add much useful information on the US economy, although it serves as a reminder that real time economic data is not reliable and is frequently revised. Federal Reserve Chair Powell’s strategy of data dependency depends on undependable data.

Mike Contopoulos rejoins Leslie Falconio for a discussion around year-end asset class performance expectations, potential outcome implications of the US election for fixed income investors, positioning, and more. Featuring Mike Contopoulos, Director of Fixed Income for Richard Bernstein Advisors, as well as Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

On this episode, Andrew Lee and Lucy Thomas preview the upcoming COP29 (2024 United Nations Climate Change Conference) in Baku, Azerbaijan, including a look at the top agenda items that will be covered at this year’s conference, namely Climate Finance. Featured are Andrew Lee, Head of Sustainable and Impact Investing for the UBS Chief Investment Office, and Lucy Thomas, Head of Sustainable Investing for UBS Asset Management. Host: Daniel Cassidy

On this episode of Viewpoints, Burkhard acknowledges how the US equity market rally has stalled, this against a backdrop of mostly upbeat Q3 corporate earnings reporting, and with Election Day next Tuesday. We discuss how investors should consider responding to these recent markets moves, and prepare for the post-election market environment. Plus, thoughts on gold heading into 2025.

As we close out the trading week, Brian and Paul weigh in on the latest jobs data, and what it means for the health of the US economy, along with the course ahead for monetary policy. Plus, we review CIO’s current allocation recommendations, and preview what you can expect in the week ahead. Featured is Brian Rose, Senior Economist Americas, and Paul Hsiao, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Shiavon Chatman

It is US employment report Friday. This report is distorted by hurricanes, strike action, and the fact that the data is always wrong. Taking a broad sweep of economic data, the signs are that the labor market is doing fine. The ongoing strength of US consumer spending suggests little fear of unemployment, for instance.

Anwiti Bahuguna serves as Chief Investment Officer of global asset allocation, and portfolio manager for Northern Trust Asset Management. Anwiti shares her views on the US economy, real estate, along with outcome implications of the US election to markets. Plus, we spend time highlighting where opportunities can be located. Host: Daniel Cassidy

After the excitement of yesterday’s GDP data, today investors are granted another peek into the hedonistic lifestyle of the US consumer. Personal income and consumption data are due, and both should be relatively buoyant. Job security and rising real incomes are powerful forces for supporting economic activity through consumer spending.