UBS On-Air: Market Moves Client Strategy Office

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 Taxable Fixed Income Strategy Americas, UBS Chief Investment Office. Host: Shiavon Chatman

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 is that any gains in sentiment might reflect improving reality, but might also reflect sentiment catching up with reality without the real world outlook shifting.

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 impacting markets, and shares guidance when it comes to positioning your portfolio. Plus, Jason weighs in as to whether the US economy has already “landed”. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

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 estate demand, consumption patterns, travel patterns, productivity, and leisure time—and tends to mean that economic activity is under-reported. This is why details in data are increasingly important.

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 Global Affairs at The Carlyle Group, Paul Donovan, Chief Economist, UBS Global Wealth Management, and Jay Dobson, CIO Energy and Utilities Sector Strategist, UBS Global Wealth Management.

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 to vote on legislation aimed at delivering several aid packages, with House Speaker Johnson’s future in question. Featured is Shane Lieberman, Senior Governmental Affairs Advisors, Governmental Affairs US. Host: Daniel Cassidy