Show Notes
Despite Q3 corporate earnings results rolling in, investors over the past week have seemed more focused on the sustainability of the AI trade and cost of funding. Jason Draho, Head of Asset Allocation Americas from the UBS Chief Investment Office, weighs in on the factors that are driving investor sentiment, along with what the inflation and retail sales data reveals about the current macro environment. Plus, thoughts on portfolio positioning. Host: Daniel Cassidy
More from UBS On-Air: Market Moves
With Election Day less than two weeks away, Shane drops by to share an assessment of how key Congressional races across the country are shaping up (and where donors are applying resources). We also cover recent reports of renewed trilateral talks amongst the US, Ukraine, Russia to end the conflict. Plus, a look at a new program initiative by the White House to identify and combat fraud. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy
Oil prices continue to drift higher. US retail diesel prices are still near all-time highs, with no sign of mitigation from US administration policies. The news that the US is asking some of its diplomats to leave Saudi Arabia is not necessarily a positive signal about regional stability. Consumers should continue to consume despite the energy costs for the remainder of this year. Next year is when risks increase.
A quarterly check-up on the US macroeconomic environment, including consumer spending trends, the condition of the labor market, the road ahead for monetary policy, and the current landscape for deal-making. Featured is Paul Hsiao, Senior Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy
A wide-ranging conversation on the implications of the current macro environment and higher yields to fixed income return and positioning, including thoughts around where pockets of opportunity and concern exist. Featured are Lindsay Rosner, Managing Director and Head of Multi-Sector Investing within Goldman Sachs Asset Management (GSAM)’s Fixed Income and Liquidity Solutions business, and Leslie Falconio, Managing Director and Head of Taxable Fixed Income Strategy Americas with the UBS Chief Investment Office. Host: Daniel Cassidy
Oil prices rose above USD110 per barrel. Markets and politicians focus on round numbers, so while a small price increase is not directly important, the move does have potential consequences. The US administration is very sensitive to higher oil prices, and US retail diesel prices remain near their all-time highs. Investors’ concerns will likely focus on whether this will produce US concessions to Iran, or more aggressive central bank action.