UBS On-Air: Market Moves Client Strategy Office

A monthly check on US equity market performance and positioning considerations with Jeremy Zirin, Senior Portfolio Manager, and Head of the Private Client US Equity Team, and Dominic Schagar, Senior Equity Investment Specialist with UBS Asset Management.

Our conversation outlines some trending tax considerations and developments associated with the muni market. We also spend time reviewing muni-related portfolio themes, along with a review of recent muni market performance drivers. Featured are Kathleen McNamara, Senior Municipal Strategist Americas, and Jeannine Lennon, Municipal Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Eurozone April inflation data generates less of the tense excitement that a US inflation release can produce. The regional data we have already had suggests a modest decline in the headline consumer price inflation rate. Overall, Eurozone inflation has fallen from 10.6% to essentially an on-target number within a year and a half—without an unemployment shock. This suggests that inflation is neither sticky, nor conventionally cyclical.

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 renewed concerns over ‘stagflation’. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

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.

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 moderately wide, and unwinding profit-led inflation is difficult to forecast.