UBS On-Air: Market Moves Client Strategy Office

Our series of emerging markets conversations continues as we expand on CIO’s view on emerging market debt, along with risks and positioning considerations to be mindful of. Featured is Donald McLauchlan, Emerging Markets Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Chief Investment Officer, Mark Haefele, and colleagues around the world discuss inflation expectations, the outlook and implications of the situation in the Middle East, and scenarios for investors.

A large part of the world is not working today, in celebration of workers. But the old order is changing—and increasingly we may need to celebrate profits. One of the features of the pandemic was an explosion in small business creation. More people have side hustles: Selling on eBay; renting on AirBnB; writing economic books that are widely available for purchase. Self-employment and contract work have increased. The income from these endeavours is often classified as profits.

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.