The recent EV sell-off doesn't mean the boom in electric cars is going away anytime soon, according to Mark Haefele, chief investment officer at UBS.
In a note to clients on Friday UBS Global Wealth Management said it believes bitcoin's rise still shows signs that it is a "speculative bubble."
Investors should capitalise on the best stock-picking conditions in “quite some time” and buy on any election-related weakness, according to UBS’s Frank Panayotou. The financial adviser said on Monday that stocks in healthcare, industrials, consumer discretionary, and global markets look attractive to him right now. Markets will continue to be […]
Mark Haefele, chief investment officer at UBS Global Wealth Management, told Business Insider the worst of the recent weakness in the stock market is probably over for now. But he said the central bank may wait for a vaccine to inject fresh cash: “Is the Federal Reserve reluctant to deploy […]
Investors who think central banks are out of policy ammunition are mistaken and could lose out on additional policy-driven gains, says Mark Haefele, chief investment officer at UBSWealth Management. The Federal Reserve has slowed its roll after rapidly deploying unprecedented relief measures, and is expected to stay its course during […]
Gold prices have lost some ground in recent weeks, but the world’s largest wealth manager thinks it should still play a key role in investors’ portfolios. Charles Day, private wealth advisor at UBS Wealth Management told Business Insider: “In terms of being diversified with everything that has gone on, having […]
The Federal Reserve’s unprecedented monetary easing decoupled the stock and Treasury markets, but it might play right into investors’ hands, Mark Haefele, chief investment officer at UBS, said Thursday. Treasury yields typically rise when stocks do, but the Fed’s forecast of near-zero rates lasting for years led Treasurys to sink […]
A UBS survey of 3,750 wealthy investors around the world showed 81% of respondents wary of a second market decline before the pandemic is contained. Seven in 10 investors said they were financially impacted by the virus, with 25% of the group classifying their impact as “significant.” Still, 79% of […]
UBS’ wealth management arm forecast that Brent crude oil prices could rise by 115% by the end of 2020. Mark Haefele, chief investment officer at UBS Global Wealth Management said he expects the oil market to “become under-supplied in 4Q,” pushing prices up to $US43 per barrel. Oil prices have […]
The dollar could plunge against the yuan, yen, and pound in the next few months, warns UBS. UBS Global Wealth Management’s Hartmut Issel told CNBC Thursday in a phone interview: “Since the last month or two, the dollar does not have too much to offer anymore.” Issel also thinks yield […]
After the coronavirus pandemic, investors will have to adjust to a world with more debt, a world that’s less global and more digital, according to Dean Turner, an economist at UBS’ $US2.9 trillion wealth management arm. All economies will exit the crisis with much higher levels of debt than when […]
UBS, the world’s largest wealth management group, told its clients to be bearish on stocks and sell off over trade war fears. UBS wealth management oversees more than $US2.4 trillion in assets on behalf of wealthy clients. Mark Haefele, UBS’ global chief investment officer, said: “We do not see this […]
UBS Wealth Management chief economist Paul Donovan says Trump’s trade war is reminiscent of the 19th century. In a globalised world, tariffs are ineffective, Donovan told clients on Tuesday. He cited the example of Harley Davidson’s announcement that it is moving production out of the USA. The escalating trade war […]
Investors need to step back “take a deep breath and calm down,” according to UBS Wealth Management’s chief economist Paul Donovan. Italy’s political crisis, and speculation that Italy could leave the euro, has been wildly overblown in recent days, he says. “Neither Italian parties nor Italian voters support leaving the […]
UBS Wealth Management boss Zeltner to depart in major boardroom reshuffle. Zeltner will leave the bank at the beginning of 2018, with his future destination unknown. He will be replaced by Martin Blessing, the former CEO of German lender Commerzbank. Juerg Zeltner, the president of UBS’s near £1 trillion ($US1.3 […]
Paul Donovan, a UBS Wealth Management economist, says cryptocurrencies like bitcoin can never truly be considered currencies. “A currency has to be a widely used medium of exchange,” he said. “Cryptocurrencies are never going to achieve that. Period.” They fail key tests for a currency, he says, including acting as […]
Biases and overconfidence can cloud the vision...