UBS On-Air: Market Moves

Our conversation outlines the current landscape for fixed income investors as we approach 2025, and where to locate opportunity within the asset class. We also touch on monetary policy, rates and the macro environment. Featured are Kewjin “Kew” Yuoh, Partner, Portfolio Manager with Lord Abbett, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy

Our series of year-ahead conversations continue with a look at performance expectations and themes in focus (including Artificial Intelligence) for the US Information Technology sector in 2025. We also spend time reviewing sub-sector preferences, along with reflect on sector performance over the past year. Featured is Kevin Dennean, Technology & Telecom Analyst Americas, UBS Chief Investment Office. Host: Daniel Cassidy

The ECB cut rates by 25bps as was expected. The ECB does not want to be running a restrictive monetary policy at the moment, and more rate cuts are expected next year. The ECB’s challenge is that data tends to understate economic activity, so knowing precisely how the economy is faring is difficult.

On the final episode of Viewpoints for 2024, Burkhard reflects on what has been a busy year, spanning market and macro developments, along with shares expectations for 2025.

As 2024 comes to a close, the CIO Fixed Income team reflects on performance across sub-sectors (including Municipals, Investment Grade, and Preferreds), and share expectations for the year-ahead. Plus, thoughts on positioning across the broader asset class. Featured are Leslie Falconio, Head of Taxable Fixed Income Strategy Americas, Sudip Mukherjee, Senior Municipal Strategist Americas, along with Senior Fixed Income Strategists’ Barry McAlinden and Frank Sileo, from the UBS Chief Investment Office.

Our series of year-ahead conversations continue with a look at performance expectations and themes in focus for the US healthcare sector in 2025. We also spend time reviewing sub-sector preferences, along with reflect on sector performance over the past year. Featured is Eric Potoker, Healthcare Analyst Americas, UBS Chief Investment Office. Host: Daniel Cassidy

US consumer price inflation data is due for November. These numbers are something of a mess. A quarter of the index is a fantasy price no one pays. Income inequality means the average price is less representative of most US households’ experience. The threat of taxes on US consumers from the next administration means this inflation data is not necessarily a good guide to 2025 trends.

In this special edition of the CEO Macro Briefing Book series, Paul Hsiao outlines some of the top questions on the minds of business owner clients as we head into 2025. Featured is Paul Hsiao, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

China’s consumers have been unenthusiastic, and exports are not necessarily dependable. Yesterday, China’s politburo signaled additional monetary and fiscal stimulus would be forthcoming. If US President-elect Trump taxes US consumers of goods from China, that may be a convenient excuse for China to cut taxes for its consumers.

Despite the emergence of growing global political risks in recent days and weeks, markets and investors appear to be unfazed - Jason offers thoughts as to why that’s the case. We also reflect on the November employment report, and what the state of the US labor market today might mean for monetary policy near-term. Plus, a look at CIO’s current market outlook and positioning views. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy