UBS On-Air: Market Moves

John Popp, Global Head and CIO, David Mechlin, Head of Liquid Credit, and Eileen Liu, Head of US Client Portfolio Management, discuss recent market developments within broadly syndicated loans, high yield bonds, and CLOs. Recorded on 04.22.2026

US April consumer price inflation was slightly higher than expected—but with of the data being guesswork, and rising fictitious owner’s equivalent rent, it is unwise to overemphasize that. The details do raise political concerns. Since US President Trump took office, coffee prices have risen 24%, beef over 19%, gasoline over 19%, and vegetables 10.5%. These are price increases that consumers notice and remember. Trump claimed not to think about Americans’ financial situation, but markets are betting the president does care (and policy decisions will reflect that).

Paul Hsiao, Senior Asset Allocation Strategist Americas from the UBS Chief Investment Office, drops by to share highlights from the latest CEO Macro Briefing Book - Paul covers how the landscape for dealmaking and economic environment have evolved in recent months, touches on how business owners should think about the upcoming U.S. midterm elections, along with the road ahead for monetary policy. Plus, an assessment of how artificial intelligence in shaping and impacting economic activity. Host: Daniel Cassidy

Brian Mulberry serves as Chief Market Strategist a Zacks Investment Management. Brian shares his thoughts on a range of factors top of mind for investors and that are influencing market momentum, including geopolitics, energy prices, Fed monetary policy, Q1 earnings results, and more. Plus, Brian shares his views on equity positioning, and the resilience we’ve seen in equity markets. Host: Daniel Cassidy

In 1972, US President Nixon focused on the electoral risks of rising hamburger meat prices, ultimately imposing government control of wages and prices. Yesterday, US President Trump signaled concern about today’s US affordability crisis, signing executive orders attempting to lower beef prices (up over 16% since January 2025). Trump also urged temporarily ending the federal gasoline tax—that would increase fiscal borrowing, but only offset a small part of recent price increases.