Top of the Morning: CIO Strategy Snapshot - Macro thoughts

In this episode of the UBS Market Moves podcast, host Dan Cassidy interviews Jason Draho, Head of Asset Allocation for the Americas with the UBS Chief Investment Office, about recent market performance and investment strategies. They discuss the market's reaction to disappointing jobs data, policy changes, and tariffs, as well as the upcoming July inflation data and geopolitical developments. Jason provides insights into why the market seemed immune to risks, interpreting the current state of the economy, the potential impact of personnel changes at the Federal Reserve, and the implications of tariffs on gold imports. He also offers advice on asset allocation, highlighting the attractiveness of long-dated municipal bonds and the continued strength of the tech sector driven by AI.