UBS On-Air: Market Moves

Jason rejoins to weigh in on recent market activity and drivers, spanning geopolitics, to the Fed, to macro data. Plus, thoughts on this week’s key inflation data, Congressional testimony from Fed Chair Kevin Warsh, the beginning of the Q2 corporate earnings season, and more. We end with guidance around portfolio positioning in consideration of all these factors. Featured is Jason Draho, Head of Asset Allocation Americas, UBS Chief Investment Office. Host: Daniel Cassidy

Jason and Jordan discuss how markets continue to look past geopolitical tensions, with investors viewing Iran-related volatility as manageable and unlikely to derail the broader outlook. They also discuss earnings season, where strong expected profit growth could validate elevated stock prices.

This episode explores what drives the variation in IPO performance. Drawing on 45 years of post-IPO data, it examines what separates the small group of major wealth-creating IPOs from the average new listing, which often disappoints. It highlights five signals that have historically helped identify stronger performers and considers how these characteristics can help investors assess where long-term value is most likely to emerge.

Shane drops by for a timely update on renewed strikes between the US and Iran, and how the conflict might evolve from here. We also touch on takeaways from this week’s annual NATO summit, and look at where Congress stands on the SAVE America Act. Featured is Shane Lieberman, Senior Governmental Affairs Advisor, Governmental Affairs US. Host: Daniel Cassidy

Fresh US-Iran hostilities pushed oil prices higher, to levels experienced when the memorandum of misunderstanding was signed (10% above pre-war levels). Markets question the strength of the US position, allowing the optimism bias to cling on. Global behavior adapted during the war, mitigating the economic damage of renewed hostilities.