UBS' Zuercher Says What Surprised Was Large Move in VIX

The transcript discusses market uncertainty, highlighting a lack of recent corrections and a significant move in the VIX. It examines market adjustments, global growth, and inflation concerns. The discussion also covers interest rates, Federal Reserve policy, and potential risks of faster tightening. Despite concerns, global growth and earnings remain strong, with expectations of moderate interest rate hikes.

What was unusual about the recent market behavior discussed in the first section?

• The largest recorded move in the VIX

• A decrease in global earnings

• A significant drop in the S&P 500

• A sudden increase in GDP growth

What is the main concern related to inflation mentioned in the second section?

• A decrease in global GDP

• A significant rise in wage growth

• A decline in earnings growth

• A drop in interest rates

According to the second section, what is the current state of global GDP growth?

• It is decreasing slightly

• It remains stagnant

• It has been adjusted upwards

• It is declining rapidly

What is the market's expectation for interest rate hikes as discussed in the final section?

• Five interest rate hikes

• Three interest rate hikes

• Two interest rate hikes

• One interest rate hike

What potential risk is associated with the Federal Reserve's actions according to the final section?

• The Fed might lower interest rates unexpectedly

• The Fed might stop interest rate hikes altogether

• The Fed might increase inflation rates

• The Fed might tighten interest rates faster than expected