UBS On-Air: House View

Jaksot

• House View Daily | Consider broad commodity exposure in portfolios 03.07.2026 9min

  Despite the recent decline in commodity prices, we believe fundamentals should provide support in the coming months. We also believe broad commodity exposure offers diversification, inflation hedging, and downside protection in a portfolio context.
• House View Daily | Warsh’s focus on price stability does not point to rate hikes 02.07.2026 9min

  Markets are looking to June’s payrolls today for clues on the Fed’s interest rate path after Chair Kevin Warsh offered little indication. We maintain the view that current market conviction around Fed rate hikes is too aggressive and see an opportunity to add to short- and medium-maturity quality bonds.
• House View Daily | Stock outlook remains positive after a strong 2Q 01.07.2026 8min

  Global equities delivered a strong performance in the second quarter, and we think the momentum can continue in the coming months. The next phase of the rally should, in our view, see a broadening of market leadership.
• House View Daily | Why the rotation into health care may have room to run 30.06.2026 8min

  Investors have shifted some capital back into health care amid tech sector volatility, seeking both stability and growth. Recent policy changes around GLP-1s and breakthrough therapies are fueling new optimism for the sector’s outlook in the coming months.
• House View Daily | Monitoring AI risks amid volatility 29.06.2026 8min

  We continue to like the semiconductor complex of the AI story, but recent market volatility has pointed to certain risks worth monitoring. The key for investors remains diversification, both within and beyond AI.
• House View Daily | Oil’s path is not a one-way Strait 26.06.2026 10min

  While oil may stay under pressure in the near term, we expect prices to recover over the coming months, as the normalization of traffic through the Strait of Hormuz and the recovery of shut-in production may prove slower than expected. We continue to see value in broad commodity exposure in a portfolio context.
• House View Daily | Why gold could stage a rebound 25.06.2026 6min

  Gold has fallen to its lowest level in nearly eight months, but we think this offers an opportunity for underallocated investors to build strategic exposure. We believe the investment case for gold remains positive, as we believe the Fed is unlikely to raise rates in the near term, and the US dollar should weaken as the year progresses. Gold has also historically provided diversification benefits in a portfolio context.
• House View Daily | Equities can move higher despite tech sell-off 24.06.2026 10min

  Risk sentiment weakened amid pressure on semiconductor stocks, but we believe the recent correction should be seen in the context of the strong rally in recent months. While we remain confident in the AI growth story, we also expect that the next phase of stock gains will come from a broader range of opportunities.
• House View Daily | Why we think a Fed hike remains unlikely 23.06.2026

  We view current market expectations that the Federal Reserve will raise rates in the near term as too aggressive, as inflation should moderate in the coming months, growth may soften, and broader changes at the Fed could slow down policy reaction. We continue to see an attractive risk-return profile for short- and medium-duration quality bonds.
• House View Daily | Record equity issuance shouldn't be a headwind for equity markets 22.06.2026

  The window has swung back open for new IPOs and secondary offerings, with share issuance likely to reach a record high in dollar terms this year. But we do not think this will be challenging to absorb given the growth of the overall equity market.
• House View Daily | Why we believe equities can still move higher 19.06.2026

  The AI rally has been one of the defining features of markets in the first half of the year. While we think it can drive further gains, we also believe the rally will continue to broaden across the rest of the market. We think investors should stay invested, while keeping diversification at the center of portfolio construction
• House View Daily | Warsh era starts on a hawkish note 18.06.2026

  The FOMC held the policy rate unchanged at 3.5-3.75%, but the combination of higher inflation projections, a hawkish distribution of rate forecasts, and the removal of forward guidance points to a restrictive-for-longer policy stance.
• House View Daily | Markets on Warsh watch 17.06.2026

  The Federal Reserve is expected to keep rates steady today, but markets will be watching Kevin Warsh's debut press conference as chair and his outlook on inflation and rates. We maintain the view that the Fed should resume easing next year, benefiting short- and medium-duration quality bonds.
• House View Daily | What tighter US frontier model rules could mean for the AI trade 16.06.2026

  An unexpected US intervention shows how quickly AI policy can shift from theory to tangible risk. With this year’s equity rally directly linked to AI demand expectations, we examine how a tighter US regulatory approach could impact AI spending, talent, and model leadership.
• House View Daily | US-Iran deal raises market optimism 15.06.2026

  The US and Iran have reached an agreement to reopen the Strait of Hormuz, with official signing scheduled later this week. Volatility may persist in the near term as markets assess the implementation and durability of the deal, but we maintain our view that resilient growth and robust earnings should continue to drive stocks higher. We continue to recommend investors hold a diversified portfolio across asset classes, sectors, and geographies.
• House View Daily | Volatility in AI and tech do not derail the investment thesis 12.06.2026

  Market swings may persist as geopolitics, rates, and funding questions collide, but the underlying buildout driving AI-linked equities remains intact, in our view. Investors should stay invested in the AI opportunity, while rotating exposure toward areas with clearer demand visibility and stronger earnings support.
• House View Daily | Markets should overcome near-term headwinds 11.06.2026

  US stocks fell to their lowest level in over a month as a tech-led sell-off deepened, the war in Iran showed little signs of ending, and accelerating inflation intensified Federal Reserve hike worries. But we think near-term Fed hikes remain unlikely, AI fundamentals are still strong, and a path toward reopening the Strait of Hormuz should become clearer. Investors should stay positioned for equity gains and ensure portfolio diversification.
• House View Daily | Renewed tech selling leads markets lower 10.06.2026

  US stocks fell on Tuesday after an earlier rise on optimism about an imminent US-Iran deal. While the path toward a resolution is likely to be uneven, our base case is that diplomacy ultimately prevails, allowing investors to refocus on resilient economic fundamentals and robust earnings growth in both the US and Europe.
• House View Daily | Health care offers more than a defensive role in portfolios 09.06.2026

  Health care has traditionally been viewed as a defensive sector, but investors should not ignore the innovative growth opportunities it offers. Supported by technological advances and a structural shift in demographics, we favor global health care and hold a positive outlook on the Longevity theme.
• House View Daily | Equities fall on tech pressures 08.06.2026

  US equities and bonds fell in tandem on Friday, as concerns over potential Fed rate hikes, equity issuance by Meta, Broadcom's disappointing AI revenue outlook, and a reversal in semiconductor stocks weighed on markets. However, after the recent rally, a pullback was expected. Despite renewed worries, we expect the rally to resume.