Wealth Management Americas
Top of the Morning: The week in review and preview08:43
We recap the week that was, including the latest PCE data, remarks from several Fed officials, and ongoing public policy negotiations in Washington DC. Plus, we preview what you expect in the week ahead. Featured is Danny Kessler, Asset Allocation Strategist Americas, UBS Chief Investment Office. Host: Shiavon Chatman
UBS On-Air: Paul Donovan Daily Audio 'More disinflation, and a lot of Fed speak'02:28
The US personal consumer expenditure deflator remains in disinflation. Durable goods prices sank ever deeper into deflation. Market-based prices showed disinflation, as did services excluding financial service (financial service prices often follow market valuation). There was an intensely technical clarification about calculating owners’ equivalent rent—price no real person pays or cares about, but which excites economists. The clarification makes it unlikely OER will add more to inflation this year.
Top of the Morning: ‘Hedge Funds: 2024 Outlook & Positioning’17:16
Our conversation provides a performance update and outlook for hedge funds, along with a look at the investment case for hedge fund investing in the current environment. We also cover considerations when it comes to participating in the asset class. Featured is Sean Sanborn, Hedge Fund Strategist Americas, UBS Chief Investment Office. Host: Daniel Cassidy
CIO global livestream: Four things no great portfolio can do without32:24
Hear from members of the UBS Chief Investment Office, including Mark Haefele, David Lefkowitz, Rolf Ganter, and Crystal Zhao, as they share an economic and market outlook.
UBS On-Air: Paul Donovan Daily Audio 'More inflation fun'02:49
Yesterday’s US GDP revisions did not add much to investors’ stock of knowledge. The US consumer proved stronger than initially thought, as US consumers so often are. The market-based personal consumer expenditure deflator has slowed quite notably over recent quarters. What good old fashioned supply and demand is doing is creating a quite powerful disinflation story.