UBS On-Air: Market Moves

In this insightful discussion, Paul Donovan, an expert in economic analysis, explores the contrasting consumer behaviors in the US and China. He highlights how the US job market shows resilience, with more people employed and earning higher wages, indicating a soft economic landing. Donovan critiques the Federal Reserve's delayed rate cuts and discusses how these decisions minimally impact the economy. He also delves into political sentiment's limited role in shaping market trends, providing a comprehensive look at current economic indicators.

Jason Chandler, Head of GWM Americas, Solita Marcelli, Chief Investment Officer Americas, and John Savercool, Head of the UBS US Office of Public Policy, delve into the recent presidential debate's impact. They analyze how candidate performances may sway undecided voters and shape the election's outcome. The discussion highlights market implications linked to different election scenarios, focusing on financial and energy sectors, and reviews foreign policy strategies. They also answer audience questions on managing investments during political shifts.

Explore the shifting landscape of the global economy as the discussion delves into volatile data from August. Discover the resilience of the services sector amidst challenges in manufacturing. Hear insights on the labor market's trends, the tug-of-war between a soft landing and recession, and the Federal Reserve's actions. Consider how upcoming U.S. elections could impact financial markets and spark volatility, along with potential repercussions from new fiscal policies and tariffs.

The European Central Bank is expected to ease rates a quarter point today, as it continues its policy of following inflation lower. Seen over a proper time frame this is not properly a stimulus, as it is more focused on stabilizing real rates. Lagarde’s press conference will hopefully signal a steady pace of rate cuts to come.

Our conversation revisits the progress of energy transitions across the globe, as growing global energy demand and regional geopolitics are making transitions more complex. We also spend time highlighting the technological innovations at work, along with review how to invest in these energy transitions. Featured is Jay Dobson, Energy & Utilities Analyst Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Burkhard delves into the shifting dynamics of global markets and the implications of recent corrections. The discussion highlights the potential influence of U.S. politics on investment strategies, especially following presidential debates. Attention also turns to the stark contrasts in economic health worldwide, analyzing challenges faced by China and the Eurozone while spotting growth in emerging markets. The conversation wraps up with key insights on future market trends and investment opportunities.

The market consequences of the US presidential debate rested on whether it changed probabilities around the election, and whether more substantial policy insights were offered. On the former, betting markets and the media suggest US Vice President Harris “won”—although debate victory does not always translate into electoral victory. On the latter, this was a debate of social media memes more than in-depth policy analysis.

Hear insights from David Lefkowitz, Head of Equities, CIO Americas, and Kurt Reiman, Head of Fixed Income and Municipal Securities, CIO Americas. Host: Anthony Pastore

The only scheduled US presidential debate is after US markets have closed today. This is near enough to the election for investors to care. Investors’ focus is whether the debate influences election probabilities, and if the candidates offer new policy insights.

Join Jason Draho, Head of Asset Allocation Americas at UBS, as he dives into the current state of the US economy and the intricacies of recent market performance. He discusses the mixed signals from August's payroll report and what it means for potential recessions. The conversation also highlights anticipated Fed rate cuts and their impact on investor sentiment, particularly in the tech and AI sectors. Finally, Jason shares valuable strategies for navigating investment risks in this uncertain economic climate.