UBS' Issel Sees Shifted Preference to EM

The transcript discusses the implications of the stimulus bill and market influences, including potential Fed tapering. It examines the impact of vaccine efficacy on economic recovery, highlighting challenges faced by companies like Merck and Sanofi. The discussion shifts to investment strategies, emphasizing the importance of being nimble and considering green tech investments. Finally, it analyzes the bond market, focusing on yield expectations and the potential for further decreases.

What is the potential effect of a smaller fiscal package on the Federal Reserve's tapering plans?

• It could accelerate tapering.

• It might delay tapering.

• It would have no effect on tapering.

• It would lead to an increase in interest rates.

How did the setback from Merck affect the global vaccination efforts?

• It accelerated the vaccination process.

• It had no impact on vaccination efforts.

• It slowed down the potential speed of vaccination.

• It increased the number of available vaccines.

What is the expected trend for equities in the second year after a recession?

• Equities are expected to decline significantly.

• Equities are expected to outperform the first year after a recession.

• Equities are expected to provide a positive return, but less than the first year.

• Equities are expected to remain flat.

What is the anticipated direction for the 10-year yield by the end of the year?

• It is expected to fluctuate significantly.

• It is expected to fall below 0.5%.

• It is expected to remain around 1%.

• It is expected to rise above 2%.

Which investment strategy is recommended in the context of the current market outlook?

• Focus solely on electric vehicles.

• Broaden investments to include green technology and S&G.

• Invest heavily in traditional energy sectors.

• Avoid all market investments due to uncertainty.