UBS On-Air: Market Moves

Joe Davis is the Global Chief Economist and Global Head of the Investment Strategy Group at Vanguard. Joe joined Jason Draho, UBS CIO Head of Asset Allocation Americas, at the 1285 podcast studio to exchange views on a range of topics, including how the current geopolitical landscape is impacting markets, the road ahead for monetary policy, how artificial intelligence is shaping innovation and the...

UK consumer sentiment improved on the latest reading; but since the financial crisis, sentiment and reality have not been too closely aligned. UK April retail sales were weaker, with a more-than-10% decline in auto fuel sales leading the weakness. UK consumers have options (walking, public transport, flexible working) that can slow fuel consumption when prices rise.

Tiffany Agard, Strategist on the UBS Global Investment Management Sustainable and Impact investing team is joined by Preeti Sayana, Portfolio Manager with Fidelity Investments, for a discussion around advances in gender-lens investing, opportunities to advance gender equality, and how to leverage your investments as a means for achieving that advancement - referencing the 2026 Gender-lens investme...

News that Iran has allowed some ships to cross the Strait of Hormuz encouraged a modest drop in the oil price. The volume of oil exiting the Gulf is a fraction of pre-war levels, but allowing some flow might diminish physical shortages. Assuming Iran benefits economically, it also lessens pressures on Iran to deal with the US. In terms of the Wile E. Coyote trajectory, this implies the economy is...

As the US midterm elections draw closer, Kurt and Shane drop by to outline potential Election Day outcome scenarios, as well as the policy and market implications of them. Plus, we reflect on the recent summit in Beijing between President Trump and President Xi Jinping, along with the geopolitical and economic implications of the ongoing US-Iran War. Featured are Kurt Reiman, Head of Fixed Income...

Bond markets remain nervous about the Iran war (which potentially impacts inflation and fiscal deficits). Investors hope that market angst might encourage a US policy shift, as it did with tariffs. However, (at the time), tariffs were under US President Trump’s direct control and could be changed on a whim. Middle Eastern politics is a little more complex.

Join Jeremy Zirin, Senior Portfolio Manager of the House View Equity Portfolios and Head of the Private Client US Equity Team with UBS Asset Management, as he shares a performance update for US equities. Host: Dominic Schagar, Senior Equity Investment Specialist. Recorded on 29.04.26

US President Trump declared that the US delayed attacking Iran because talks are going so well. Markets have been cautious in response. Equities failed to rally, because no attack is the status quo; and if investors have learned one thing about Axios reports of a deal, it is that these are historically a great reverse indicator. Oil prices did stop rising, perhaps reflecting a belief that this rei...

Higher inflation and rates are near-term challenges. Policy-makers may respond by either exercising their policy "puts" or by making policy errors, both of which would impact near-term market performance. With the unofficial start of summer beginning this coming weekend, a question that investors may be asking is whether they should sell in May before they go away. Featured is Jason Draho,...

Markets are unsettled by a fire at an Emirati nuclear power plant, caused by an unidentified drone. US President Trump posted on social media about Iran using capital letters, and Iranian media are clear that Iran does not see an imminent US deal. Oil prices are still well below levels required to match supply and demand (without using reserves). Separately, media reports progress on a UK trade de...

After a week marked by rising bond yields and a steepening US yield curve, markets are weighing whether higher rates are a true signal or just noise for equities. We discuss why, despite the move in rates, the US equity bull market remains supported by strong global government spending, resilient consumer spending, and continued corporate investment in areas like AI. History shows that equity mark...

Our conversation outlines the current landscape for fixed income investors, and where to locate opportunity within the asset class. We also touch on an outlook for monetary policy, rates and the macro environment. Featured are Adam Bloch, Portfolio Manager with Guggenheim Investments, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office.

The China-US summit concluded. Much increasingly scarce jet fuel has been burned to produce nothing of real substance. China’s President Xi declared an agreement to keep trade ties stable. The two sides were unlikely to agree to anything different (no one would announce unstable trade ties). Stability is not a word that is normally associated with US trade policy over the past 15 months, lessening...

UK first quarter GDP was stronger than expected, led by the consumer. As elsewhere, consumers have reduced savings rates to afford higher oil prices. UK consumers can also adjust oil demand via flexible working and online retail. Politics is overshadowing economics, with a possible challenge to Prime Minister Starmer. Former deputy Labour leader Rayner was cleared of tax wrongdoing, increasing the...

John Popp, Global Head and CIO, David Mechlin, Head of Liquid Credit, and Eileen Liu, Head of US Client Portfolio Management, discuss recent market developments within broadly syndicated loans, high yield bonds, and CLOs. Recorded on 04.22.2026

US April consumer price inflation was slightly higher than expected—but with of the data being guesswork, and rising fictitious owner’s equivalent rent, it is unwise to overemphasize that. The details do raise political concerns. Since US President Trump took office, coffee prices have risen 24%, beef over 19%, gasoline over 19%, and vegetables 10.5%. These are price increases that consumers notic...

Paul Hsiao, Senior Asset Allocation Strategist Americas from the UBS Chief Investment Office, drops by to share highlights from the latest CEO Macro Briefing Book - Paul covers how the landscape for dealmaking and economic environment have evolved in recent months, touches on how business owners should think about the upcoming U.S. midterm elections, along with the road ahead for monetary policy....

Brian Mulberry serves as Chief Market Strategist a Zacks Investment Management. Brian shares his thoughts on a range of factors top of mind for investors and that are influencing market momentum, including geopolitics, energy prices, Fed monetary policy, Q1 earnings results, and more. Plus, Brian shares his views on equity positioning, and the resilience we’ve seen in equity markets. Host: Daniel...

In 1972, US President Nixon focused on the electoral risks of rising hamburger meat prices, ultimately imposing government control of wages and prices. Yesterday, US President Trump signaled concern about today’s US affordability crisis, signing executive orders attempting to lower beef prices (up over 16% since January 2025). Trump also urged temporarily ending the federal gasoline tax—that would...

As we’re approaching the two-thirds point of the decade, Jason’s starting to think about the finance word of the 2020s - Resilient or Roaring. Plus, reflections on the positive equity market momentum, the health of the U.S. economy, and a review of CIO’s key messages around portfolio positioning. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel...

Last week’s Axios newswire report that Iran and the US were “moving towards” a deal have (again) proved to be less than accurate. US President Trump declared Iran’s response to US peace overtures to be “TOTALLY UNACCEPTABLE”. The basic problem for markets remains—reopening the Strait of Hormuz depends on Iran, there is little information about the Iranian government’s position, and information fro...

After a decade of mega cap dominance reinforced by passive investing, individual stock moves are now much larger than the index and correlations have dropped to near their lowest since 2018. We discuss why it’s now time for active investing versus the passive investing that has dominated the prior decade, and how our transformational innovation opportunities like AI, power and resources, and longe...

After leaving a job, there are options for managing the assets in a former employer's retirement plan. In this episode, we outline those options, including rolling the assets into another retirement plan or an individual retirement account (IRA). Featured are Justin Waring, Head UBS Wealth Way Strategy & Solutions, and Ainsley Carbone, Retirement Strategist with the UBS Chief Investment Of...

Andrew Dubinsky, Senior US Economist, joins to highlight his new monthly report US macro: FAQs to forecasts - 10 frequently asked questions as it relates to the US economy. This month we discuss where AI effects are showing up in labor data, the status of the One Big Beautiful Bill Act tax cuts, and what the Fed is watching for that could set up further rate cuts. Host: Daniel Cassidy

Iran launched attacks against US naval vessels, and the United Arab Emirates. The US launched airstrikes against Iran. The Washington Post reports the US CIA believes Iran’s government can avoid additional economic hardship for several months, and that Iran still holds substantial stocks of missiles and launchers. This suggests less pressure on Iran to do a deal with the US—implying the US must co...