UBS On-Air: Market Moves

In economic terms, the Gulf ceasefire has not held. Iran has closed the Strait of Hormuz in response to significant Israeli strikes against Lebanon. The optimistic bias in markets means that only some of yesterday’s risk market gains have been surrendered. The demonstration of relative power in the Gulf is relevant when considering long term risk premia around global supply chains.

In the wake of the U.S., Israel, and Iran agreeing to a two-week ceasefire, Kurt Reiman, Head of Fixed Income Americas, and Shane Lieberman, Senior Governmental Affairs Advisor, drop by for a timely discussion on whether this development could presage a sustainable end to the conflict, the unresolved issues to be mindful of, and how to position portfolios during times of geopolitically driven unce...

Throughout the war, markets have been inclined to see the oil barrel as half full rather than half empty. Thus, markets are inclined to view the ceasefire as a definite end to the conflict. Iran’s low level of trust in the US administration’s commitment to agreements means examining the motives for the shift is important.

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 18.03.26

US President Trump’s Iranian deadline concerns markets as escalation will do further damage to regional infrastructure. If the US or Iran attacks desalination plants, the ability of people to remain in the region is questioned. Destroying energy infrastructure delays oil market normalization beyond when Iran chooses to reopen the Strait of Hormuz. Markets’ bias to optimism and a pattern of the US...

Following a holiday-shortened week that yielded the first positive market performance in over a month, despite further risk of escalation in the U.S.-Iran war, the question that investors are asking at the start of a new week is; where do we go from here? Jason Draho, Head of Asset Allocation Americas from the UBS Chief Investment Office, drops by with thoughts around market direction and portfoli...

Paul drops by to update on dealmaking trends and momentum in 2026, along with a look at the impact artificial intelligence is having on the dealmaking landscape. Featured is Paul Hsiao, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

The language and tone of US President Trump’s weekend social media post on Iran mean it will receive little attention from investors. It was seemingly aimed at Trump’s supporters. Markets are unlikely to view the post as a clear development of policy. Iranian attacks on energy targets in the Gulf have continued.

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 Dan Hyman, Senior Portfolio Manager with PIMCO, and Leslie Falconio, Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassid...

US President Trump’s remarks yesterday were a compilation of recent social media posts in both tone and content. While there were signals of an imminent US retreat from the Gulf, the aggressive remarks shaped market perceptions. US escalation (however short-lived) risks being met with an Iranian response, threatening more infrastructure damage in the Gulf. That could extend the economic damage of...

UBS Art Advisory Specialist, Rachel Peart, sits down with Emily Kaplan, Senior Vice President and Senior Specialist, Postwar and Contemporary Art at Christie’s, to dive deeper on how auction estimates, reserves, and guarantees are set and used strategically. They examine bidder psychology and key valuation factors supported by notable examples. The episode closes with spring 2026 season highlights...

The declining number of market traders old enough to remember “The X Files” are muttering “I want to believe”. Markets want to hear good news about the Gulf war; trading negative risks would be very difficult. US President Trump is to speak tonight. This may or may not be useful, depending on whether Trump stays on script. Trump did indicate the US could retreat from the Gulf without a deal with I...

Hear from members of the UBS Chief Investment Office fixed income team as they provide a performance and positioning update across fixed income sub-sectors. 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, Frank Sileo, & Letty Zemaitis, from the UBS C...

The Wall Street Journal reports US President Trump is considering a retreat from the Gulf without establishing control of the Strait of Hormuz. Investors, temperamentally inclined to look on the bright side, are focusing on the retreat and not the fact that an Iranian Hormuz toll would act a bit like US tariffs.

Natalie Adomait is a Managing Partner and Chief Operating Officer in Brookfield's Energy Group. We discuss what’s happening in the energy market globally and the forces driving demand, along with an outlook for renewable energy, and how the energy sector is being shaped by artificial intelligence. Recorded on 26 February 2026 Host: Daniel Cassidy

Last week brought reprieves to US military strikes on Iranian power facilities, but not much in the way of credible ceasefire negotiations in the US-Iran conflict. That means uncertainty persists as investors await for signs of either escalation in the conflict or de-escalation. Jason Draho, Head of Asset Allocation Americas from the UBS Chief Investment Office, drops by to provide some clarity an...

US President Trump’s weekend rhetoric seemingly had little market impact. Attacks on industrial plants in the United Arab Emirates and Bahrain remind investors that wartime disruption will continue after the war. Houthi involvement raises the risk of disruption to Suez-bound shipping. Iran is allowing limited oil shipments through the Strait of Hormuz in what may become a more normal process.

Recent sell-offs in memory and cybersecurity stocks were triggered by news we see as noise, not fundamentals. Google’s compression algorithm and Anthropic’s new AI model are not new threats; indeed, AI is likely to benefit cybersecurity. We view the pullback as an opportunity, though remain cautious on disruption risks from private AI firms in other sectors.

The sixth edition of CIO’s 250 years of US innovation series, E pluribus unum, shows how the internet’s decentralized, standards-based architecture unified innovators, accelerated globalization, reshaped trade, and created new opportunities for businesses and individuals worldwide. Featured is Kevin Dennean, Technology & Telecom Equity Strategist Americas. Host: Daniel Cassidy

Jon Cheigh, is the President & Chief Investment Officer of Cohen & Steers. Jon 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, where we are in the real estate cycle, investing in public vs. private markets, along with how artificial intell...

Emerging market bonds have held up well despite ongoing geopolitical tensions, while equities have been more exposed. We discuss the factors that are driving this divergence, and how investors should consider positioning in emerging markets given the current risks and opportunities. Featured is Alejo Czerwonko, CIO for Emerging Markets Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Any economist asked to assess the economic and market outlook can only offer a deep sigh of resignation. As with earlier trade deadlines, US President Trump has again extended the deadline for opening the Strait of Hormuz. However, the consequences of war deadlines are more serious than those of trade.

If I have a tax bill coming due soon, should I sell investments to raise cash - potentially realizing taxes and missing out on gains - or should I borrow and pay interest on the loan so that I can keep the portfolio invested? Dan Scansaroli, Head of Global Investment Management Multi-Asset Solutions & Co-Head Investment Management Americas, and Justin Waring, Head of UBS Wealth Way Strategy &a...

The US insists peace talks are taking place with Iran. Markets are inclined to be skeptical of US statements in the absence of Iranian verification. The US 15-point peace plan was rejected, which was not a surprise for investors. Investors’ attitude toward the US’s Friday deadline for reopening the Strait of Hormuz is to assume the same “flexibility” is applied to trade deal deadlines.

Leslie and Letty drop by to share a performance update and outlook for the asset class (including an outlook for the 10-yr), along with guidance around positioning in the current environment. We also touch on the spotlight article from the March edition of the Fixed Income Strategist publication which talks about the impacts of artificial intelligence to credit markets. Featured are Leslie Falconi...