House Call: Talking Equity Markets with UBS Asset Management
From the original
Join Ed Tran, Portfolio Manager with the Private Client U.S. Equity Team at UBS Asset Management, as he shares a performance update for US equities. Host: Dominic Schagar, Senior Equity Investment Specialist. Recorded on 18.02.26
Related speeches
4 itemsHouse Call: Talking Equity Markets with UBS Asset Management
The desk interprets the rising U.S. equities backdrop as a bullish driver for the dollar, especially given the S&P 500's recent surges despite geopolitical concerns. Per the full note [source], UBS's Jeff Hahn cites improving fiscal conditions, lower regulatory burdens, and robust AI investment expectations as key catalysts. With the S&P 500 hitting all-time highs in May, this points to a more risk-positive environment that could favor dollar strength. Given the broader market context, the dollar's positioning will be pivotal as investors gauge how these equity trends develop against the backdrop of inflation and interest rates.
House Call: Talking Equity Markets with UBS Asset Management
The desk interprets the recent commentary by UBS Asset Management as outlining a cautious optimism in U.S. equity markets, suggesting a potential stabilizing macro backdrop with geopolitical tensions easing. Per the full note [source], Jeremy Zirin emphasizes factors contributing to the equity rally, such as a reprieve from oil price spikes attributed to geopolitical developments. This recalibration provides a foundation for traders to reassess their market positions but remains subject to future volatility from economic fundamentals and global events.
House Call: Talking Equity Markets with UBS Asset Management
The desk advocates for a cautious stance on the equity markets, reflecting concerns about escalating geopolitical tensions and economic data trends. Per the full note [source], recent volatility has primarily arisen from the Middle East conflict and unexpected shifts in fiscal and trade policies, compounded by softer economic indicators. This signals a potential headwind for U.S. equities, which may impact related currency pairs. With January's U.S. inflation rate slightly easing to 6% from 6.5%, the market's focus will likely shift to these economic signals as a precursor to the Fed's policy decisions.
Credit Snapshot with UBS Asset Management
The desk interprets recent developments in the credit markets as an indicator of underlying volatility likely to influence FX pair movements. Per the full note from UBS Asset Management, the performance of broadly syndicated loans and high-yield bonds has been impacted by concerns over AI technologies and geopolitical tensions in the Middle East. This suggests a potential shift in investor sentiment and risk appetite, creating headwinds for currencies sensitive to credit market fluctuations. While volatility has been a dominant theme, the 'coupon-clipping' expectation has not fully materialized, as evidenced by continued coupon payments despite fluctuating prices.
More from UBS ON AIR
5 items- UBS ON AIR
Washington Weekly Podcast: US-Iran, US trade policy, FISA, & Secure America Act
- UBS ON AIR
UBS On-Air: Paul Donovan Daily Audio 'Carrying on, without keeping calm'
- UBS ON AIR
UBS On-Air: Paul Donovan Daily Audio 'How bad is the ECB error?'
- UBS ON AIR
Viewpoints with Burkhard Varnholt - A global markets podcast (Ep. 65)
- UBS ON AIR
UBS On-Air: Paul Donovan Daily Audio 'Inflation bonanza'