UBS On-Air: Market Moves

Donald McLauchlan, Emerging Markets Strategist Americas at UBS Chief Investment Office, discusses the forecast of emerging market debt spreads, risks in the market, and strategies for US investors to access emerging markets. Topics include geopolitical tensions, economic challenges, US dollar strength, and the importance of environmental frameworks in investment decisions.

Guest Mark Haefele, CIO, discusses hedging strategies in Middle East tensions, implications of US foreign aid, US economy impact of geopolitical tensions, global equity outlook, tech sector resilience, positive UK equities outlook

The Federal Reserve announced a slower pace of shrinking its balance sheet. Context is important here—quantitative policy is about the balance between the supply of and demand for liquidity. Demand for liquidity was slowing significantly after the pandemic, requiring the Fed to shrink its balance sheet to match. Liquidity demand is now slowing less, so the Fed’s balance sheet can shrink more slowly.

Discussing the evolution of profit share in a technology-driven economy, highlighting the rise of individuals earning profits through small businesses. Exploring the Fed's strategy, market expectations, and critiques on policy approach by Chair Powell, focusing on inflation targeting and profit-led inflation.

Jeremy Zirin and Dominic Schagar from UBS Asset Management discuss recent equity market performance, rise in oil prices, impact of geopolitical tensions, analysis of earnings beat rates, market opportunities for long-term investors, stock positioning strategies, and UBS's balanced investment strategy

Kathleen McNamara and Jeannine Lennon discuss tax considerations and developments in the muni market. Topics include muni-related portfolio themes, market performance drivers, impacts of rising muni yields on investors, wealth taxes in the US, and tax considerations in the municipal market.

Economist Paul Donovan discusses Eurozone inflation data trends, highlighting the decline in consumer price inflation rates and the lack of unemployment shock. The podcast explores the impact of profit-led inflation in supermarkets, consumer spending implications, and other economic indicators across different countries.

Jason Draho, Head of Asset Allocation Americas at UBS CIO, discusses market outlook scenarios, asset allocation recommendations, and concerns over 'stagflation'. Topics include market volatility, economic scenarios (soft landing, hard landing, Goldilocks), Fed's FOMC meeting expectations, UBSCIO's May investment strategy guide, and market insights from UBS CIO.

Top portfolio managers and business heads from UBS Asset Management discuss ongoing market volatility, economic outlook, Q1 earnings impact on financial sector, credit markets, and fixed income market strategy. Insights include Fed intervention, recession forecast, corporate bonds demand, and primary market activity discussion.

In this podcast, they discuss the preliminary consumer price inflation numbers for Germany and Spain in April, with expectations for inflation to remain stable. They caution on interpreting sentiment polls and talk about the upcoming US Federal Reserve meeting and the complexity of current economic conditions.