UBS On-Air: House View

House View Daily | Commodity fundamentals speak for further upside

Geopolitical and macro uncertainties are driving near-term commodity volatility, but tight supply and durable demand remain supportive of the outlook. We see broad commod

House View Daily | AI demand remains robust despite market jitters

Recent adoption, semiconductor revenue, and cloud-growth data continue to point to healthy AI demand. While volatility may persist as the trade matures, investors should

House View Daily | Stay invested near record highs

US stocks eased from record highs as elevated Treasury yields, rising oil prices, and renewed geopolitical risks weighed on sentiment. But waiting for these concerns to f

House View Daily | US equities can gain further after record highs

The S&P 500 reached a record high despite ongoing market risks. We think AI investment, broadening earnings growth, and a resilient US economy should support further gain

House View Daily | Broaden equity exposure as market leadership narrows

The Nasdaq reached a record high despite elevated Treasury yields, but the rally remains concentrated in a narrow group of large technology companies. Investors should ma

House View Daily | Building resilience to navigate market risks

Lower oil prices and softer US jobs data have reduced immediate concerns about further Federal Reserve tightening, but geopolitical risks and elevated bond yields could k

House View Daily | Treasuries face a challenging reset

The sell-off in US Treasuries reflects growing concern that inflation and policy rates could remain elevated. While further disinflation, easing energy pressures, or poli

House View Daily | Resilient growth should underpin equity gains

Long-dated Treasury yields have risen to multi-decade highs. But resilient growth, robust earnings, and accelerating AI adoption should help equities absorb the valuation

House View Daily | Why higher rates can favor hedge funds

Higher interest rates can be a headwind for many investments, but they can also create a more favorable environment for hedge funds. A higher cost of capital increases di

House View Daily | AI infrastructure: Strong demand does not remove execution risks

Potential delays at a major US data center have intensified scrutiny of AI infrastructure financing. We don’t see this as a risk to compute demand itself, but if it widen

House View Daily | Higher yields need not derail markets

Strong US activity, higher oil prices, and a weak Treasury auction pushed the 10-year yield above 5.1% and weighed on equities. But we expect less Fed tightening than mar

House View Daily | Higher yields need not derail markets

Strong US activity, higher oil prices, and a weak Treasury auction pushed the 10-year yield above 5.1% and weighed on equities. But we expect less Fed tightening than mar

House View Daily | Build resilience through portfolio diversification

Oil prices fell on signs of progress in US-Iran talks, but geopolitical and market risks remain. We expect equities to rise further, although periods of volatility are li

House View Daily | Consumer agents may power the next phase of the AI trade

The rapid early adoption of Meta’s Muse highlights the potential for consumer AI agents to expand monetization channels. We see rising adoption supporting hyperscalers’ r

House View | Jumpstart

Welcome to CIO Jumpstart, your guide to the main market events coming up in the week ahead. Today we ask the following three questions: 1. Can equities withstand higher y

House View Daily | The case for investing amid rising rates

While elevated oil prices and renewed monetary tightening are testing investor confidence, cash alone is unlikely to deliver the long-term returns needed to offset inflat

House View Daily | How to position in fixed income as Fed hikes rates

The Fed’s hawkish rate hike has led markets to price in more tightening. We believe this repricing creates opportunities in fixed income, but investors should remain sele

House View Daily | What matters from today’s Fed decision?

Wednesday may see the Fed kick off a new tightening cycle in the US. For portfolios, the key questions concern earnings resilience, market pricing, and diversification.

House View Daily | Frontier 'pacing' calls may not spell an end to AI capex cycle

Stronger safeguards need not derail the AI rally. We still favor diversified exposure across the AI value chain.

House View | Jumpstart

Welcome to CIO Jumpstart, your guide to the main market events coming up in the week ahead. Today we ask the following three questions: 1. Will the Fed signal more hikes