Talking Markets Podcast with Nic Janvier of Columbia Threadneedle Investments

Top of the Morning: CIO Equity Pulse - Monthly performance update & outlook

The desk views UBS's positive stance on US equities as a robust signal for risk sentiment in the FX markets, particularly impacting dollar valuations. Per the full note from UBS's David Lefkowitz, the Chief Investment Office (CIO) forecasts upward revisions in S&P 500 price targets and earnings estimates, suggesting a potential rally in equities, which typically bolsters USD strength against riskier currencies. We anticipate this bullish outlook from equities to guide tactical positioning in forex, particularly in relation to crosses with emerging markets and commodity currencies.

Talking Markets Podcast with Brian Levitt of Invesco

Talking Markets Podcast with Brian Mulberry of Zacks Investment Management

How should I be positioned? with Jon Cheigh (Cohen & Steers) and Jason Draho (UBS CIO)

Lead — 4-6 sentences. The current geopolitical climate, particularly the ongoing U.S.-Iran conflict, has led to a cautious investment outlook for 2026 despite a stable long-term view, as stated by Jon Cheigh and Jason Draho. The desk interprets this stance as indicative that while immediate risks are acknowledged, the broader growth expectations remain intact. Per the full note [source], there is cautious optimism about growth, which may not align with market volatility in the near term. This sets the stage for potential shifts in FX positioning as traders navigate through these uncertain waters while eyeing central bank signals.