UBS On-Air: Market Moves

By Client Strategy Office

What's UBS On-Air: Market Moves about?

UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior

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UBS On-Air: Market Moves episodes:

04.29.2024
Top of the Morning: CIO Strategy Snapshot - UBS House View
To begin the week, Jason outlines the current market outlook scenarios of the UBS Chief Investment Office, along with recommendations when it comes to asset allocation. We also recap market activity throughout the month of April and touch on...
04.29.2024
Around the Horn: Monthly Fixed Income Roundtable with UBS Asset Management
Hear from top portfolio managers and business heads from UBS Asset Management’s Muni, Taxable Fixed Income and Liquidity teams. Together, they provide views on markets and what they believe you should be focused on within the fixed income space.
04.29.2024
UBS On-Air: Paul Donovan Daily Audio 'More inflation data'
Preliminary consumer price inflation numbers for April are due from Germany and Spain. There are no sizeable base effects or peculiarities in these numbers. The expectation for both counties is an inflation rate similar to March—although the consensus range is...
04.28.2024
Talking Markets: Equities edition with Dan Suzuki of Richard Bernstein Advisors
Dan rejoins the podcast to provide his near-to-medium term outlook for the US economy, monetary policy, and equity markets. We also discuss where Dan is finding opportunity within equities, as well as the risks to be mindful of as...
04.26.2024
Top of the Morning: The week in review and preview
As we close out another week (and the month of April), Frank and Barry recap fixed income performance, as well as this week’s notable market moving events, notably the Q1 GDP print. We also preview what you can expect...
04.26.2024
Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 4)
On this week’s episode, Burkhard reflects on April’s market performance and whether potential adjustments to the timing of Fed rate cuts could impact the prospects for growth. We also touch on how investors should consider positioning for rising geopolitical...
04.26.2024
Washington Weekly Podcast: Decision ’24 Polling, Agenda for Congress, US-China relations
This week we examine what national polling in currently pointing to for the race for the White House, including takeaways from this week’s Pennsylvania primary. Shane also outlines some upcoming agenda items and focuses for Congress, and shares his...
04.26.2024
UBS On-Air: Paul Donovan Daily Audio 'Next price measure, please'
Markets exhibited a naïve belief in the accuracy of economic data yesterday. US first quarter GDP will probably be revised stronger, and hinted at future consumer strength. The data does put more focus on today’s personal spending figures—and in particular...
04.25.2024
Top of the Morning: The CEO Macro Briefing Book quarterly update
Jason and Paul rejoin the podcast in-studio to discuss the second edition of the new CEO Briefing Book quarterly series. We dive into how the macroeconomic environment, the landscape for corporate transactions, and geopolitics have all evolved thus far...
04.25.2024
UBS On-Air: Paul Donovan Daily Audio 'Guessing games'
The US releases its first guess at first quarter GDP (a generally accurate number should be available sometime around 2029 or 2030). The rapid pace of structural change means that increasing amounts of economic activity are likely being missed in...
04.24.2024
Top of the Morning: How to prepare for (potentially) higher taxes
As US taxes are expected to rise (especially for wealthy families), spanning income tax, capital gains tax, and estate tax, Justin and Ainsley join to discuss strategies that investors can leverage in order to prepare. Featured are Justin Waring,...
04.24.2024
How should I be positioned? with Matt McLennan (First Eagle) and Jason Draho (UBS CIO)
Matt rejoins Jason in the studio for a discussion around the US macroeconomic environment, including an outlook for growth, inflation and Fed rate cuts. We also spend time outlining portfolio positioning preferences. Featured is Matt McLennan, Co-Head of...
04.24.2024
UBS On-Air: Paul Donovan Daily Audio 'US defunds Gen Z'
The US Senate has passed legislation defunding parts of Gen Z, with a ban on TikTok being allowed in US app stores unless the Chinese owner sells within 270 days. This potentially removes the economic activity generated by US ...
04.23.2024
Top of the Morning: Fixed Income Strategist - Q2 outlook
Our conversation outlines performance expectations for fixed income over the next few months, along with CIO’s current thinking on Fed rate cuts in 2024. We also review allocation fixed income allocation preferences. Featured is Leslie Falconio, Head of...
04.23.2024
UBS On-Air: Paul Donovan Daily Audio 'Is sentiment saying anything'
Another blast of business sentiment opinion polls will be trying to get attention today. European business sentiment has tended to underreport economic reality. The gut instincts of respondents do not necessarily match an objective assessment of the facts. The challenge...
04.22.2024
Top of the Morning: CIO Strategy Snapshot - The 6% economy
The markets have been faced in recent weeks with notable economic data releases, updated views on the Fed’s course for monetary policy, rising geopolitical concerns, and Q1 corporate reporting. Jason Draho addresses all of these factors and how they’re...
04.22.2024
UBS On-Air: Paul Donovan Daily Audio 'Details, details'
Structural change is a challenge. Data becomes less reliable, and traditional economic relationships break. Last week, the UK reported London house prices underperformed the rest of the country, reflecting shifts triggered in part by flexible working. That trend changes real...
04.20.2024
Middle East Escalation: Outlook and implications
Tensions in the Middle East continue to rise following Iran’s attack on Israel. To discuss the latest developments and what could happen next, Solita Marcelli, CIO Americas, UBS Global Wealth Management, is joined by Admiral James Stavridis, Vice Chair of...
04.19.2024
Washington Weekly Podcast: Geopolitics roundup, Congressional aid packages
In the wake of recent direct conflict between Israel and Iran, Shane recaps where the conflict stands and what the response has consisted of. We also preview a key weekend up on Capitol Hill where the House is slated...
04.19.2024
Top of the Morning: The week in review and preview
As we conclude another trading week, we reflect on the start of the Q1 corporate earnings season, and recent activity within US equity markets. We also cover an outlook for equity market performance, as well as positioning preferences. ...
04.19.2024
Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 3)
On this week’s episode, Burkhard explains how a young statistician saved the lives of many Air Force pilots during WWII - while the famous anecdote dates back almost 80 years, it still has lessons for investors. We also cover...
04.19.2024
UBS On-Air: Paul Donovan Daily Audio 'Safe havens sought—for now'
Financial markets are having to assess political risks—something markets are ill-equipped to do. US officials confirmed Israel had attacked Iran, with reports of an explosion in Isfahan. The market response was a classic (perhaps unthinking) safe-haven trade. Does Iran now...
04.18.2024
UBS On-Air: Paul Donovan Daily Audio 'The destructive power of economic nationalism'
US President Biden called China “xenophobic” in comments highlighting China’s structural economic challenges. Biden also pledged higher taxes on US consumers of China’s steel and aluminum. US Congress lives in terror that China will learn the “Texas hold‘em” TikTok dance...
04.17.2024
How should I be positioned? with Torsten Slok (Apollo) and Jason Draho (UBS CIO)
Torsten rejoins Jason in the studio for a discussion around the US macroeconomic environment, including an outlook for growth, inflation and Fed rate cuts. We also spend time outlining portfolio positioning preferences. Featured is Jason Draho, Head of...
04.17.2024
UBS On-Air: Paul Donovan Daily Audio 'The problems with Powell'
Federal Reserve Chair Powell is not an economist. Not everyone can be an economist, but central bank heads probably should be economists. Yesterday, Powell stated reaching 2% inflation was taking longer than expected. The US PCE deflator is 2.5% y/y,...
04.16.2024
ElectionWatch 2024: The race, the world, and investments
Listen to our first ElectionWatch virtual event, where Solita Marcelli, Chief Investment Officer Americas, was joined by Frank Kelly, Founder & Managing Partner at Fulcrum Macro Advisors LLC, Mike Rogers, Former Director of the National Security Agency, and David Rubenstein,...
04.16.2024
3 Levels Podcast: The basics of investing and financial planning
This new monthly podcast focuses on topics that help families understand the basics of investing and financial planning at three different levels of depth (Definition, Identification, and Implementation). Featured to discuss the topic of “risk” are Justin Waring, Senior...
04.16.2024
UBS On-Air: Paul Donovan Daily Audio 'Unsurprisingly surprising'
China’s official first quarter GDP data reported surprising strength. Unsurprisingly, this surprise will make the official 2024 growth target easier to achieve. March economic data was less supportive, with weakness evident in production and retail sales figures. The industrial data...
04.15.2024
Top of the Morning: CIO Strategy Snapshot - Putting up with it
Following an eventful couple of weeks in the markets, spanning upside surprises in macro data to geopolitical developments, Jason Draho brings us up to speed on CIO’s current outlook (including the forecast for Fed rate cuts) and portfolio positioning guidance....
04.15.2024
UBS On-Air: Paul Donovan Daily Audio 'Tensions and ignoring tail risks'
Markets are relatively calm in the wake of events in the Middle East. This may seem peculiar, but markets rarely price in extreme tail risks. Iran indicated it considers the matter concluded. US President Biden has urged restraint. Signs from...
04.14.2024
Talking Markets ‘Muni edition’ with Jon Mondillo (abrdn) & Kathleen McNamara (UBS CIO)
Kathleen and Jon discuss a wide range of topics, including considerations when it comes to muni duration, sector preferences (including tax-exempt), implications of the 2024 election, and much more. Featured is Jonathan Mondillo, Head of US Fixed Income with...
04.13.2024
Macro Monthly Podcast with UBS Asset Management
Hear from top investment professionals from the UBS Asset Management’s Multi-Asset Team.
04.12.2024
Viewpoints with Burkhard Varnholt - A global markets podcast
On this week’s episode, Burkhard explains what investors can learn from stock market all-time-highs, placing the US and global economy into the context of a “new world order” rising, and how the UBS House View offers guidance in a fast-changing...
04.12.2024
Top of the Morning: The week in review and preview
We recap the week that was, including a look at the March CPI print and the potential implications to monetary policy (including a review of CIO’s rate cut expectations). We also recap remarks from this week’s Fed speakers, and...
04.12.2024
Washington Weekly Podcast: Ukraine Aid, House Speaker Johnson, Technology export controls
Our conversation revisits ongoing debate up on Capitol Hill over aid packages for both Ukraine and Israel, and what this all could potentially mean for House Speaker Mike Johnson’s tenure. We also touch on renewed bi-partisan efforts within the...
04.12.2024
UBS On-Air: Paul Donovan Daily Audio 'Prices, policy, and politics'
ECB President Lagarde signalled nothing markets did not already know yesterday. Rate cuts are coming. Economically, the dissenters on the governing council are probably correct and rate cuts would be better now—but precise timing on monetary policy is less important...
04.11.2024
UBS On-Air: Paul Donovan Daily Audio 'Inflation comes unstuck'
Inevitably markets reacted to US consumer price inflation headlines, but the details did matter. There is very strong evidence against inflation stickiness. Aside from rents and fictitious owners’ equivalent rents, there is deflation in almost every consumer price subcategory somewhere...
04.10.2024
Talking Markets ‘Equities edition’ with Melda Mergen (Columbia Threadneedle) & David Lefkowitz (UBS CIO)
With a strong Q1 behind us, Melda and David outline their thoughts on current valuations, along with a performance outlook for US equities. We also cover notable headwinds to performance and discuss positioning preferences within the US and around...
04.10.2024
UBS On-Air: Paul Donovan Daily Audio 'Details, details'
US March consumer price inflation data is due. Inflation is a complex subject (reasonably priced, widely available books could be written about it). Sadly, the world of hashtag economics reduces everything to a single data point (or at best, two)....
04.09.2024
Top of the Morning: Introducing the ‘Longer Term Themes Quarterly’
Each quarter we will dive into what’s new amongst the six thematic focuses of the UBS Chief Investment Office, as outlined within the new Longer Term Themes Quarterly publication. Our inaugural conversation focuses on how the ‘space economy’ intersects...
04.09.2024
UBS On-Air: Paul Donovan Daily Audio 'Fed speakers confirm your beliefs'
The market calendar is mainly noise. Quite a lot of that noise has come from Federal Reserve members. Investors can pick whichever view they want, to confirm whatever preconceived policy views they hold. Recent remarks offer a choice of three...
04.08.2024
Fixed Income Conversation Corner with Clayton Triick (Angel Oak) and Leslie Falconio (UBS CIO)
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...
04.08.2024
UBS On-Air: Paul Donovan Daily Audio 'Trade and tensions'
Markets await US March consumer price inflation data, due for release on Wednesday. Federal Reserve Chair Powell’s 2022 policy errors elevated the importance of consumer price inflation, and thus downgraded the importance of actual, real-world inflation. The details of the...
04.05.2024
Washington Weekly Podcast: US-China meetings, Trade policy, Ukraine aid
Our conversation provides some takeaways from this week’s phone meeting between President’s Joe Biden and Xi Jinping, along with Treasury Secretary Yellen’s visit to Beijing. We also discuss where Congressional negotiations stand around an aid package for Ukraine. ...
04.05.2024
Top of the Morning: The week in review and preview
Brian Rose joins to share his take on the March employment report, along with the health of the US labor market. We also review other key economic releases from the past week, and preview what you can expect in...
04.05.2024
UBS On-Air: Paul Donovan Daily Audio 'Employment report Friday—do we care?'
It is US employment report Friday (or “average earnings are not wages” day). Since mid-last year, the US has added almost 1.60 million jobs, and has also lost almost 0.25 million jobs depending on which bit of the employment report...
04.04.2024
UBS On-Air: Paul Donovan Daily Audio 'A pontification of central bankers'
Federal Reserve Chair Powell spoke yesterday. Today, no fewer than five members of the Fed are speaking on the economic outlook, presumably to clarify what Fed Chair Powell “meant to say”. Actually, Powell’s speechwriters did not say much controversial, keeping...
04.03.2024
UBS On-Air: Paul Donovan Daily Audio 'Did central banks reduce inflation?'
Federal Reserve Chair Powell is speaking on the economic outlook today. An explanation of how Fed policy transmitted (or failed to transmit) to inflation would be interesting. Instead, comments are likely to focus on the prospect for three rate cuts...
04.02.2024
Top of the Morning: Unlocking opportunities in EM tech
With US equity markets trading near all-time-highs, we share considerations when it comes equity diversification via emerging markets, notably within Asia’s technology sector. Featured is Xingchen Yu, Emerging Markets Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy
04.02.2024
UBS On-Air: Paul Donovan Daily Audio 'Developing disinflation'
The UK British Retail Consortium’s shop price index exhibited more disinflation than had been expected, with prices rising 1.3% y/y. This measure does include the discounting applied to loyalty card holders in the two-tier pricing system (consumer price inflation excludes...

What's UBS On-Air: Market Moves about?

Download our free app to listen on your phone

UBS On-Air: Market Moves episodes:

Top of the Morning: CIO Strategy Snapshot - UBS House View

Around the Horn: Monthly Fixed Income Roundtable with UBS Asset Management

UBS On-Air: Paul Donovan Daily Audio 'More inflation data'

Talking Markets: Equities edition with Dan Suzuki of Richard Bernstein Advisors

Top of the Morning: The week in review and preview

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 4)

Washington Weekly Podcast: Decision ’24 Polling, Agenda for Congress, US-China relations

UBS On-Air: Paul Donovan Daily Audio 'Next price measure, please'

Top of the Morning: The CEO Macro Briefing Book quarterly update

UBS On-Air: Paul Donovan Daily Audio 'Guessing games'

Top of the Morning: How to prepare for (potentially) higher taxes

How should I be positioned? with Matt McLennan (First Eagle) and Jason Draho (UBS CIO)

UBS On-Air: Paul Donovan Daily Audio 'US defunds Gen Z'

Top of the Morning: Fixed Income Strategist - Q2 outlook

UBS On-Air: Paul Donovan Daily Audio 'Is sentiment saying anything'

Top of the Morning: CIO Strategy Snapshot - The 6% economy

UBS On-Air: Paul Donovan Daily Audio 'Details, details'

Middle East Escalation: Outlook and implications

Washington Weekly Podcast: Geopolitics roundup, Congressional aid packages

Top of the Morning: The week in review and preview

Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 3)

UBS On-Air: Paul Donovan Daily Audio 'Safe havens sought—for now'

UBS On-Air: Paul Donovan Daily Audio 'The destructive power of economic nationalism'

How should I be positioned? with Torsten Slok (Apollo) and Jason Draho (UBS CIO)

UBS On-Air: Paul Donovan Daily Audio 'The problems with Powell'

ElectionWatch 2024: The race, the world, and investments

3 Levels Podcast: The basics of investing and financial planning

UBS On-Air: Paul Donovan Daily Audio 'Unsurprisingly surprising'

Top of the Morning: CIO Strategy Snapshot - Putting up with it

UBS On-Air: Paul Donovan Daily Audio 'Tensions and ignoring tail risks'

Talking Markets ‘Muni edition’ with Jon Mondillo (abrdn) & Kathleen McNamara (UBS CIO)

Macro Monthly Podcast with UBS Asset Management

Viewpoints with Burkhard Varnholt - A global markets podcast

Top of the Morning: The week in review and preview

Washington Weekly Podcast: Ukraine Aid, House Speaker Johnson, Technology export controls

UBS On-Air: Paul Donovan Daily Audio 'Prices, policy, and politics'

UBS On-Air: Paul Donovan Daily Audio 'Inflation comes unstuck'

Talking Markets ‘Equities edition’ with Melda Mergen (Columbia Threadneedle) & David Lefkowitz (UBS CIO)

UBS On-Air: Paul Donovan Daily Audio 'Details, details'

Top of the Morning: Introducing the ‘Longer Term Themes Quarterly’

UBS On-Air: Paul Donovan Daily Audio 'Fed speakers confirm your beliefs'

Fixed Income Conversation Corner with Clayton Triick (Angel Oak) and Leslie Falconio (UBS CIO)

UBS On-Air: Paul Donovan Daily Audio 'Trade and tensions'

Washington Weekly Podcast: US-China meetings, Trade policy, Ukraine aid

Top of the Morning: The week in review and preview

UBS On-Air: Paul Donovan Daily Audio 'Employment report Friday—do we care?'

UBS On-Air: Paul Donovan Daily Audio 'A pontification of central bankers'

UBS On-Air: Paul Donovan Daily Audio 'Did central banks reduce inflation?'

Top of the Morning: Unlocking opportunities in EM tech

UBS On-Air: Paul Donovan Daily Audio 'Developing disinflation'