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UBS On-Air: House View

Chief Investment Office

House View brings you daily, weekly, and monthly content covering our multi-asset views on economic trends and financial markets from the UBS Chief Investment Office

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  • 21 episodes
  • Updated Today

Episodes21

Newest first
  • Thursday

    House View Daily | Tech earnings point to a broader AI trade

    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.

  • Wednesday · 52 min

    CIO Live Special | Strait to the point

    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.

  • Wednesday

    House View Daily | Fed policy in focus

    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.

  • Tuesday

    House View Daily | Ensure portfolio resilience to navigate uncertainty

    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.

  • July 23 · 32 min

    CIO Live Global | Testing the rally

    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.

  • July 23

    House View Daily | Add quality bonds as yields should fall

    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.

  • July 22

    House View Daily | Big tech earnings to test the AI trade

    Earnings from hyperscalers will be a key test for the AI trade as investors look for greater clarity on capex, revenue durability, and margin resilience. While we remain constructive on AI’s longer-term growth story, a balanced approach across and beyond the AI value chain remains important.

  • July 20 · 7 min

    House View Daily | Stocks have room to move up despite risks

    Hostilities in the Middle East are weighing on investor sentiment already weakened by the sell-off in chipmakers over the past week. But we maintain the view that equities have room to move up, supported by robust earnings strength.

  • July 16

    House View Daily | Understanding semis volatility

    South Korea's equity benchmark has fallen more than 25% since its all-time high in June amid regulatory concerns and investor worries over the durability of the broader semiconductors rally. We retain a constructive view on the industry, but think selectivity is key. Investors should also ensure diversified exposure to AI.

  • July 15

    House View Daily | Strong earnings should drive US equities higher

    We expect second-quarter earnings to deliver another strong set of results, with all sectors likely to report an increase in profits. Our forecast of 28% earnings growth for the S&P 500 is supported by strong AI investment, improving cyclical activity, and solid consumer spending.

  • July 14

    House View Daily | Inflation data and Warsh in focus as yields rise

    Markets are on edge as renewed US-Iran tensions pushed oil prices and Treasury yields higher. Investors will now look to June CPI data and Fed Chair Kevin Warsh’s congressional testimony for clues on the path of US interest rates. We expect inflation pressures to ease in the coming months, which should ultimately lead to lower bond yields.

  • July 8 · 9 min

    House View Daily | Maintain diversification amid renewed US-Iran tensions

    The path toward a lasting peace deal between the US and Iran is proving to be bumpy, with President Trump saying further negotiations with Tehran were a "waste of time." The most effective method to navigate near-term volatility remains diversification, in our view. But with a diplomatic solution still likely, we expect global equities to move higher, bond yields to decline, and broad commodities to stay supported.

  • July 3 · 9 min

    House View Daily | Consider broad commodity exposure in portfolios

    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.