Municipal Market Guide Tax season to add attention to Munis
Since our last monthly update, yields on US Treasury securities have remained range bound, representing an important tailwind for más munis.
Educación financiera
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Intellectual Capital Blog Puerto Rico Plan of Adjustment Q&A
The Commonwealth of Puerto Rico announced yesterday that its Plan of Adjustment has become effective. más
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Trade War Will US, China strike a "real deal"?
Markets reacted positively to President Trump's comment on a potential deadline extension to raising tariffs. But how likely would a deal be reached? más
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Cybersecurity Protect your heart and your wallet
Valentine's Day is a time to celebrate love and affection with candy, flowers and gifts. But for scam artists, it's a time to target those looking for companionship online. más
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UBS House View - Daily US Equity markets are travelling in hope
Renewed optimism about a breakthrough on the US–China trade dispute helped push equity markets higher on 12 February after President Trump said that he could allow the 1 March deadline for increased tariffs to “slide” if “we’re close to a deal.” The S&P 500 gained 1.3% and closed above its 200-day moving average for the first time since 3 December. más
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Global risk radar Late cycle musings
Volatility and risk aversion returned to markets in 2018, as the US economy started transitioning to a late stage of the business cycle. más
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Investment strategy insights What are the best phase-in strategies for cash?
What is the best way to go from cash to being invested? Financial theory would suggest that putting your best option is to put cash to work immediately. más
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Sustainable investing The Green New Deal
The Green New Deal proposed by Democrats has been making headlines. Does it have a chance of becoming law? And how should it be viewed in the context of longer-term investing? más
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Tax Should you wait to invest your tax refund?
In our recent Investment Strategy Insights report, How should investors deal with lump sums?, we investigate the pros and cons of phasing capital into markets over time, versus a simple 'lump sum' strategy. When weighing these considerations for a given deposit, size matters. más
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UK Playing for time on Brexit
UK Prime Minister Theresa May is expected to ask the Parliament today for another two weeks of Brexit negotiating time, according to media reports. What she would achieve with the extra time is unclear, with top EU negotiator Michel Barnier instead praising opposition leader Jeremy Corbyn's proposal for a permanent customs union which May has rejected. más
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Intellectual Capital Blog Strategic vs. equilibrium CMAs: Some FAQs
Last week we updated the UBS WMA Capital Market Assumptions (CMA) and introduced a second set of estimated returns. The most frequent questions we’ve received since pertain to the differences between the existing “strategic” CMAs and the new “equilibrium” CMAs, which we address here. más
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House View Weekly – Deeper Dive Investors should fix the roof while the sun shines
Global stocks have made an impressive comeback after a more than 16% slide in local currency terms in late 2018. But risks haven't vanished. Investors should use the market reprieve to prepare their portfolios for the next bout of volatility. más
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Investment strategy insights Where should I put my windfall?
Receiving a lump sum can be a crucial turning point in your life. Regardless of whether you have just sold a business, or received a pension payment or inheritance, the most important first step is to devise an investment plan that is tailored to meet your financial aspirations. más
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UBS House View - Daily US Crude price weakness likely to prove short lived
US crude futures traded 0.6% lower in morning trade on Monday as fears of slowing global growth, another potential US government shutdown and rising inventories at Cushing weighed on investor sentiment. Last week WTI futures fell 4.6% after recording their biggest January gain on record. más
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Markets Learning from the last bull market correction
This time last year, equity valuations were beginning to move to the higher side of fair value, and credit spreads were near their lowest level since the financial crisis. It felt like there was little risk priced in—no wall of worry to climb. On top of this, investors had become acclimated to an environment of extreme calm. más
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Washington Weekly Another government shutdown looming?
Next week, both the House and Senate will prioritize the passage of a comprehensive funding bill to avert another partial government shutdown after February 15. más
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House View Briefcase Could a Eurozone recession derail markets?
The UBS Chief Investment Office (CIO) expects Eurozone growth to be tepid this year, but not fall into a recession. más
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UBS House View - Daily US Strong start for EM equities has further to run
After a weak 2018, emerging market (EM) equities have returned with a bang, with a 7% return year-to-date in local currency terms. EM also started strongly last year, though things quickly turned for the worse amid an onrush of global and idiosyncratic headwinds. más
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Sustainable Investing Seven topics to consider in Sustainable Investing
How does one evaluate corporate sustainability? And how does one see clearly through the potential confusion and uncertainty that comes with building sustainable portfolios for the first time? To help investors, UBS CIO has identified seven topics that could guide their investments as they think about sustainability. más