House Call: Talking Equity Markets with UBS Asset Management

Dan Cassidy· Host0:00

[on-hold music] Hi, everyone. Dan Cassidy here. Welcome back to House Call: Talking Equity Markets with UBS Asset Management. For this month's episode, I'm glad to once again be joined by Jeremy Zeren, Senior Portfolio Manager for the House View Equity Portfolios and Head of the Private Client US Equity Team, along with Dominique Schager, Lead Equity Investment Specialist, uh, joining us today from UBS Asset Management. So Dom will guide today's conversation with Jeremy. They will focus their time on, uh, recent market developments and how they're shaping, uh, UBS Asset Management's thinking within the house view equity portfolio. So, uh, with that, Dom, let me now turn it over to you.

Dominique Schager· Host0:50

Great. Thank you, Dan. It's great to be back. So let's start with what's top of mind for investors right now. Jeremy, markets have been navigating a complex mix of macro pressures, geopolitical noise, and shifting sentiment. And after a challenging first quarter, US equities, uh, rebounded sharply in April and recently pushed to all-time highs. From your perspective, what do you see as the key drivers behind this rally, and what's been most surprising to you?

Jeremy Zirin· Guest1:16

Um, yeah, I would say that there's three or four key drivers behind the rebound. You know, first, you know, even though we haven't seen the-- a full return of the flow of oil to pre-conflict levels in, you know, the Strait of Hormuz, the initial