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UBS On-Air: Market Moves

Business & Economics Podcasts

UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior

UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior

Location:

United States

Description:

UBS On-Air: Market Moves brings you beyond the highs and lows of the ticker, with conversations that can broaden your thinking about market behavior

Language:

English


Episodes

UBS On-Air: Paul Donovan Daily Audio 'Good news and bad news'

8/8/2022
Last Friday’s US economic data needs to be considered as a whole. Unemployment was the lowest in over fifty years, real earnings growth is horrifically bad, and consumer credit grew dramatically. The positive spin is job security should be high - prime age workers who want to work can find jobs. Job security is a critical factor supporting consumption.

Duration:00:04:26

State of the Muni Markets with Mike Rabuffo (GWK) and Kathleen McNamara (UBS CIO)

8/8/2022
Hear perspective on recent performance drivers, investor sentiment, a performance outlook and positioning. Featured are Kathleen McNamara, Senior Municipal Strategist Americas with the UBS Chief Investment Office, and Mike Rabuffo, Principal and Municipal Bond Client Portfolio Manager with GW and K Investment Management. Host: Daniel Cassidy

Duration:00:21:09

Top of the Morning: July Jobs Report and the week ahead

8/5/2022
We recap the week that was, including a look at the July Jobs report, and preview what you can expect in the week ahead. Featured is Brian Rose, Senior Economist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Duration:00:11:06

UBS On-Air: Paul Donovan Daily Audio 'Combinations matter'

8/5/2022
The combination of today’s US data is what matters. The July employment report is the narcissist of the economic data calendar, demanding attention. Overall, the trend of slowing but strong employment is established. Real wages remain very, very weak, however. Normally, falling real incomes means falling spending power, and falling spending power means falling consumption.

Duration:00:05:07

Top of the Morning: Emerging Markets - A disciplined approach as the tide goes out

8/4/2022
We revisit our monthly emerging markets conversation to outline the latest flagship publication which highlights the fragility of emerging markets in a changing global liquidity environment and how to position accordingly. Featured is Alejo Czerwonko, Chief Investment Officer for Emerging Markets Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Duration:00:12:09

UBS On-Air: Paul Donovan Daily Audio 'Security, saving, and spending'

8/4/2022
The US offers initial jobless claims data, which always attracts some attention, but may become more of a focus. Job security may define the economic dividing line between economic slowdown and economic slump. Security means savings can supplement falling real incomes, and keep consumption going. Insecurity means savings are hoarded, and consumption must start to reflect falling real incomes.

Duration:00:04:22

Washington Weekly Podcast: Taiwan visit, Climate and Spending Bill, PACT Act and more

8/3/2022
Our conversation outlines the agenda in Asia of House Speaker Nancy Pelosi, the latest on the climate and spending bill being forwarded by Senate Democrats, developments surrounding the PACT Act and more. Featured is Shane Lieberman, Federal Affairs Manager, UBS US Office of Public Policy. Host: Daniel Cassidy

Duration:00:17:29

Top of the Morning: Muni Markets - Back to school

8/3/2022
Our conversation explains the July performance reversal, what the performance set-up looks like in the months ahead, highlights some portfolio themes and touches on the financial condition of private colleges. Featured is Kathleen McNamara, Senior Municipal Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Duration:00:08:39

CIO Global Livestream: Why invest now?

8/3/2022
The August global livestream Mark Haefele, Solita Marcelli, Mark Andersen, and Dean Turner discuss our latest views on the economy and markets.

Duration:00:29:44

UBS On-Air: Paul Donovan Daily Audio 'Forward guidance failing to guide'

8/3/2022
Speakers from the erratic US Federal Reserve yesterday offered some signals on where policy may go. Sadly, markets have no reason to trust the forward guidance of Fed speakers at all anymore. Bonds did weaken a little yesterday, rallied a little overnight, and have not moved from recent ranges.

Duration:00:04:25

UBS On-Air: Paul Donovan Daily Audio 'Scenarios'

8/2/2022
US House of Representatives speaker Pelosi is expected to meet Taiwanese President Tsai tomorrow. Mainland China has used strong language in opposition to the idea of this visit, regional equity markets weakened on concerns about increased tensions. Such tensions tend to have a short-lived direct market impact, but this may limit any improvement in economic relations between the US and mainland China.

Duration:00:04:14

Top of the Morning: CIO Strategy Snapshot - Why invest now?

8/1/2022
Our conversation explains why investor focus has shifted away from inflation and more towards growth, how the market has interpreted the July Fed policy meeting, the latest market outlook and asset allocation recommendations from CIO and more. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Duration:00:22:38

UBS On-Air: Paul Donovan Daily Audio 'Sentimentality and reality'

8/1/2022
There is little substance but a lot of sentiment on the data calendar today. Sentiment is not the same as reality, and has three challenges peculiar to today’s world. Sentiment surveys ask for real data, but people often respond in nominal terms - and the real-nominal gap is wide today. The media narrative influences sentiment, and social media has made that more extreme. Political partisanship clearly influences survey responses, and partisanship has increased.

Duration:00:04:45

UBS On-Air: Paul Donovan Daily Audio 'What’s in a name?'

7/29/2022
Yesterday, a group of people with English literature degrees tried to tell a group of people with economic degrees what the economy was doing. A group of people with economic degrees tried to teach a group of people with English literature degrees about the meaning of words. The recurring fight between journalists and economists over what “recession” means has begun.

Duration:00:05:02

UBS On-Air: Paul Donovan Daily Audio 'Slowing is sensible. Doesn’t mean it happens'

7/28/2022
The Federal Reserve raised rates by 0.75ppt. Fed Chair Powell then said a lot of things. The June policy errors taught investors that what Fed says is not necessarily true. Powell signalled the Fed will no longer offer forward guidance, it already trashed forward guidance, so this is not especially market relevant.

Duration:00:04:33

Sustainable Investing Perspectives Podcast with Anthony Eames (Calvert) and Amantia Muhedini (UBS CIO)

7/27/2022
Our conversation covers the ongoing debate on energy security, recent developments surrounding ESG regulation, and LGBTQ plus inclusion in the workplace. Featured is Amantia Muhedini, Sustainable and Impact Investing Strategist Americas with the UBS Chief Investment Office, and Anthony Eames, Managing Director, Responsible Investment Strategy, Calvert Research and Management. Host: Daniel Cassidy

Duration:00:26:18

UBS On-Air: Paul Donovan Daily Audio 'The erratic Federal Reserve'

7/27/2022
US Senator Portman accused the Chinese government of infiltrating the US Federal Reserve to find out what the Fed is doing. This supposes the Fed knows what it is doing. The Fed’s erratic behaviour has added uncertainty to today’s decision - markets expect a 0.75 percent increase, but forward guidance cannot be believed, so some forecast more.

Duration:00:04:49

How should I be positioned? with Matt McLennan (First Eagle) and Jason Draho (UBS CIO)

7/26/2022
We discuss the macroeconomic environment, including whether a recession might be on the horizon, and how macro considerations, namely inflation, might translate to the Fed and their course for monetary policy. We also spend time on asset allocation for the current environment. Featured is Jason Draho, Head of Asset Allocation Americas with the UBS Chief Investment Office, and Matt McLennan, Co-Head of the Global Value Team and Senior Portfolio Manager with First Eagle Investment Management....

Duration:00:35:44

UBS On-Air: Paul Donovan Daily Audio 'Still sentimental'

7/26/2022
US Conference Board consumer confidence is due, but the bitterly partisan nature of the US means this is more likely to reflect the respondent’s cable news channel of choice than provide real insight into personal circumstances. The comments section of the Dallas Fed manufacturing survey yesterday is a reminder of what motivates people to fill in survey forms (a desire to complain, mainly).

Duration:00:04:00

UBS On-Air: Paul Donovan Daily Audio 'The delicate balance'

7/26/2022
The US Federal Reserve meets this week. Fed officials have signalled a 0.75 percent rate increase; investors have no reason to believe forward guidance. This adds unnecessary uncertainty to the markets. The Fed needs to create disinflation where it has control to offset inflation where it has no control. Durable goods are currently experiencing the most dramatic disinflation episode in the data’s history.

Duration:00:04:40