UBS On-Air: House View

Epizody

• 
  House View Daily | Higher yields are testing the equity thesis, not breaking it 19.08.2026

  Global equities have remained under pressure amid concerns over higher bond yields, rising oil prices, and the outlook for AI capital spending. But we believe the outlook for stocks remains positive. Underlying inflation remains under control, and earnings growth has picked up. Against this backdrop, we continue to view equities as Attractive.
• 
  House View Daily | Higher long-end yields do not undermine quality bonds 18.08.2026

  The recent rise in long-term yields reflects new bond supply and persistent concerns over inflation and deficits. We do not think this undermines the case for quality fixed income, but it does strengthen the need to focus on shorter- and medium-maturity bonds, where we see an attractive risk-reward.
• 
  House View Daily | Stocks should stay supported despite a potential pickup in volatility 17.08.2026

  Implied volatility may not stay low for long, but resilient economic data, strong corporate earnings, and the prospect of a steady Fed should continue to support our positive view on risk assets.
• 
  House View Daily | Look globally to diversify stock exposure 13.08.2026

  Cooling US inflation has helped global stocks reach new highs, but concentration risks remain elevated. We see opportunities to diversify across Europe, Japan, and Asia, supported by earnings resilience, improving cyclical momentum, and structural growth trends.
• 
  House View Daily | Quality bonds should find support from cooling inflation 12.08.2026

  Higher oil prices have tempered investor sentiment ahead of July’s CPI report. We expect core inflation to trend lower in the coming months, allowing the Fed to hold interest rates steady. This would be supportive of our preference for short- and medium-duration quality fixed income.
• 
  House View Daily | Robust demand remains key to AI trade despite financing concerns 11.08.2026

  NVIDIA’s financing push has raised fresh questions about circularity in the AI trade, but strong cloud demand and rising advance orders continue to support our constructive view. We continue to recommend diversified exposure.
• 
  House View | Jumpstart 10.08.2026

  Welcome to CIO Jumpstart, your guide to the main market events coming up in the week ahead
• 
  House View Daily | Fed inflation concerns put US data in focus 07.08.2026

  Renewed uncertainty over the reopening of the Strait of Hormuz has pushed oil prices and bond yields higher, reviving concerns that the Federal Reserve may need to tighten policy. Policymakers have made clear that they are willing to raise rates if inflation remains too high. But we believe moderate labor-market slowing and further underlying disinflation will allow the Fed to remain on hold this year.
• 
  House View Daily | Gold’s rally has support 06.08.2026

  Gold has risen to its highest level in seven weeks, and we think the medium- to longer-term case for holding the metal remains supported by lower real rates, a softer dollar, and central bank buying. We continue to see a role for gold in diversified portfolios.
• 
  House View Daily | Strong earnings and easing geopolitical risks lift S&P 500 to record high 05.08.2026

  Recovering sentiment toward the AI trade, strong earnings results, and signs of diplomatic progress in the US-Iran conflict pushed equities higher on Tuesday. Continued AI investment, broadening earnings growth, and a patient Fed support our constructive view on equities.
• 
  House View Daily | AI opportunities beyond tech 04.08.2026

  The AI story is evolving beyond a narrow tech trade. We see opportunities across the broader value chain, from power to chips to health care.
• 
  House View Daily | Earnings strength, disinflation support a constructive outlook 03.08.2026

  July brought a sharp reminder that geopolitical risks, inflation concerns, and crowded trades can still unsettle markets. Even so, stronger earnings, moderating inflation, and resilient demand should help sustain a constructive backdrop for diversified investors.
• 
  House View Daily | Constructive fundamentals support further US equity upside 31.07.2026

  AI investment and monetization, resilient US growth, and a patient Fed should help keep the US equity rally on track. We believe investors should remain broadly diversified to capture opportunities beyond tech as market leadership continues to widen.
• 
  House View Daily | Tech earnings point to a broader AI trade 30.07.2026

  The latest hyperscaler earnings point to strong capital expenditures in the near term and encouraging monetization trends. But pressure on cash flows could lead to a slowdown in capex beyond next year. We think the AI investment opportunity has become more differentiated, and recommend exposure to select semis and defensive tech.
• 
  CIO Live Special | Strait to the point 29.07.2026 52min

  After months of geopolitical uncertainty and heightened market volatility, markets have been quick to respond to both signs of de-escalation and fresh sources of tension. Yet the outlook remains far from straightforward. Questions around the durability of the AI-driven market rally, the path of inflation and interest rates, and the risk of renewed geopolitical tensions continue to shape the investment landscape. Hear from Christine Novakovic, Head of Global Wealth Management EMEA, alongside Themis Themistocleous, Head of the Chief Investment Office EMEA, and special guest R.P. Eddy, CEO of Ergo, a leading geopolitical and economic intelligence advisory firm. Together, they discussed what’s driving markets today and shared their outlook for the months ahead.
• 
  House View Daily | Fed policy in focus 29.07.2026

  While the Fed is likely to hold rates steady today, investors should watch for longer-term changes to how it communicates policy and manages its balance sheet. Potential changes may affect rate volatility, long-term yields, and the role of Fed support in bond markets.
• 
  House View Daily | Ensure portfolio resilience to navigate uncertainty 28.07.2026

  Markets are facing renewed pressure from geopolitical escalation, higher oil prices, rising bond yields, and questions over AI investment returns. Investors should focus on portfolio resilience and strategies that can help manage downside risk while preserving long-term upside potential.
• 
  House View Daily | Semis sell-off highlights broader equity opportunities 28.07.2026

  While we remain constructive on semiconductors amid solid AI demand, recent market performance highlights the case for broader equity exposure. Strong earnings momentum across sectors and regions points to a wider set of opportunities for investors.
• 
  CIO Live Global | Testing the rally 23.07.2026 32min

  With equity markets near record highs, attention is turning to whether corporate earnings can continue to justify market valuations. As the AI investment cycle evolves and opportunities emerge across global markets, investors are also assessing the outlook for inflation, interest rates, the risk of renewed geopolitical tensions in the Middle East—and what they could mean for markets and portfolios.
• 
  House View Daily | Add quality bonds as yields should fall 23.07.2026

  US Treasury yields have risen as renewed Middle East tensions and higher oil prices have revived inflation concerns, but we expect yields to move lower over the coming quarters. In our view, current elevated yields offer an opportunity to add quality bonds for income, diversification, and potential capital gains.