UBS On-Air: Market Moves

Amir Vardi, Portfolio Manager and Head of Structured Credit along with Eileen Liu, Head of US Client Portfolio Management from the UBS Asset Management Credit Investments Group, discuss positioning considerations within the broader credit landscape.

Markets' optimism bias has been revived, with news that the Iranian government has been granted powers to negotiate with the US. The US midterms are a complication; but on the assumption that some in the administration might attempt a post-2028 political career, a US attempt to tackle the affordability crisis seems warranted.

In part two of a two part mini-podcast series, Andrew Dubinsky, US Economist from the UBS Chief Investment Office, joins to provide an assessment of AI’s effects on US economic activity and productivity. Host: Daniel Cassidy

Friday's market moves are attention grabbing, but economically more muted. The crypto gyrations are speculation, with little real world relevance (beyond the alleged boost to North Korea's GDP). The technology moves reflected concerns in one sector rather than signaling a general economic crisis. US consumer behavior has followed a broadly similar pattern to that of other consumers less obviously exposed to technology equities.

AI disruption is leading investors to look beyond the technology leaders themselves and rethink quality in an AI-driven market. This episode explores why businesses built around essential human needs, physical infrastructure, and durable barriers to entry may offer a resilient complement to AI exposure.