The danger of a trade conflict over the auto industry has resurfaced. The EU has threatened to retaliate if US President Donald 更多 Trump imposes tariffs on European cars, amid reports that a US government report has concluded that auto imports from the continent constitute a threat to US national security.
How we position portfolios and manage risk must continue to evolve as we progress through each phase of the cycle. Simply gearing risk up or down is not enough. 更多
Since our last monthly update, yields on US Treasury securities have remained range bound, representing an important tailwind for munis. 更多
US retail sales fell 1.2% m-o-m in December, far worse than expectations for a 0.1% m-o-m rise, and the sharpest drop since September 2009. The control group reading, which is an input into the GDP accounts, also suffered its biggest monthly decline since January 2000, dropping 1.7% compared with expectations for a 0.4% increase. 更多
The Commonwealth of Puerto Rico announced yesterday that its Plan of Adjustment has become effective. 更多
Markets reacted positively to President Trump's comment on a potential deadline extension to raising tariffs. But how likely would a deal be reached? 更多
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. 更多
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. 更多
Volatility and risk aversion returned to markets in 2018, as the US economy started transitioning to a late stage of the business cycle. 更多
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. 更多
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? 更多
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. 更多
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. 更多
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. 更多
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. 更多
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. 更多
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. 更多
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. 更多
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. 更多