UBS On-Air: Market Moves

A monthly discussion around the drivers behind equity market performance, along with the review of notable equity themes, positioning preferences, and a performance outlook. Featured are Jeff Hans, Portfolio Manager, Private Client US Equity, and Dominic Schagar, Investment Specialist, Active Equities with UBS Asset Management.

Amidst growing concerns over AI safety, Shane shares how the topic is currently being discussed and debated amongst Washington lawmakers. We also highlight the recent passage of the Sanctioning Russia Act, along with the list of Congressional focuses and priorities to be revisited by lawmakers post the November midterm elections. Featured Shane Lieberman, Senior Governmental Affairs Advisors, Governmental Affairs US. Host: Daniel Cassidy

Join David Lefkowitz, Head of Equities Americas, each month for a look at the factors that are driving performance across US equities. We also cover risk considerations, thematic focuses, and positioning recommendations from the UBS Chief Investment Office (as outlined within the latest UBS House View). This month, David reflects on the September FOMC meeting outcome and implications of higher rates to US equity markets, shares thoughts around AI adoption and progression amidst recent AI safety concerns, how to think about the US midterm elections as an equity investor, and more. Host: Daniel Cassidy

The Bank of Japan raised rates, as expected. The decision was not unanimous, causing a modest market reaction. The yen has weakened—yelling “house” like a grandmother in a bingo parlor does not offset fundamental market pricing. August inflation was a little lower than expected (helped by government influenced prices). The BoJ wants neutral interest rates, and another rate increase may follow.

Following this week’s highly anticipated FOMC meeting, Andrew Dubinsky, US Economist from the UBS Chief Investment Office, drops by the studio to share takeaways and reflections on the meeting outcome, along with the implications of the rate hike to US economy activity. We also discuss the current inflationary environment, labor market and how the markets have digested the rate hike. Host: Daniel Cassidy