How should I be positioned? with Joe Davis (Vanguard) and Jason Draho (UBS CIO)
5/22/202628 min
Joe Davis is the Global Chief Economist and Global Head of the Investment Strategy Group at Vanguard. Joe joined Jason Draho, UBS CIO Head of Asset Allocation Americas, at the 1285 podcast studio to exchange views on a range of topics, including how the current geopolitical landscape is impacting markets, the road ahead for monetary policy, how artificial intelligence is shaping innovation and the investment landscape, and other mega-trends top of mind for investors. Host: Bryan Contreras
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First 90 secondsBrian Contreras· Host0:00
[on-hold music] Hi, everyone. Brian Contreras here. Welcome back to How Should I Be Positioned on the UBS Market Moves podcast channel. On this podcast, we catch up with our industry colleagues and thought leaders to discuss the current market and macro environment along with thinking when it comes to asset allocation. Joining us today here at the Twelve85 broadcast studio in New York, glad to welcome back from Vanguard, Joe Davis. Joe Davis serves as Global Chief Economist and Global Head of the Investment Strategy Group. And joining us from the UBS Chief Investment Office, as always, Head of Asset Allocation Americas, Jason Draho. Jason, Joe, great to be at the table with you both. Welcome back, and looking forward to hearing your insights today.
Jason Draho· Guest0:47
Joe, great to have you. This is the second time, but first in person, and so [laughs] No, it's, it's a privilege. Yes.
Joe Davis· Guest0:51
Are you kidding me? To be, for an economist to be invited back- Yes, yes ... is rare, so, uh- No, no, no ... I'm happy ...
Jason Draho· Guest0:55
we like the whole- [laughs] ... spectrum of people. Don't worry.
Joe Davis· Guest0:58
Sure, sure.
Brian Contreras· Host0:59
Great. So I wanna start out with a question for both of you, starting with Joe. The geopolitical environment remains quite fluid as we're over two months into the US-Iran war. To what extent and how have geopolitics impacted your investment outlook?
Joe Davis· Guest1:14
Yeah, I mean, I think, again, geopolitics are a tough risk factor to try to, um, sort of forecast. So what, what we've generally done, I don't think we're alone, Jason, be, encourage your thoughts. We just think about what I call ceilings and floors with, with respect to what could really impact the economy