UBS Global WM's Tay on Markets

The transcript discusses the current state of global markets, highlighting the impact of the Delta variant on stocks, the high valuations in equity markets, and the Federal Reserve's tapering plans. It advises investors to reassess their portfolios, particularly in the tech sector, and consider value stocks. The Chinese market's regulatory tightening is analyzed, with a focus on the technology sector. The commodities market, including oil and precious metals, is also discussed, with insights into future trends and portfolio impacts.

What is a key reason for investors to reassess their portfolios according to the first section?

• The rise of new technology companies

• The increase in global bond yields

• The decline in global oil prices

• High valuations in US equity markets

What is the expected trend for the US 10-year yield by the end of the year?

• Remain stable at 1.5%

• Drop to 1.0%

• Decrease to 1.2%

• Increase to 1.8%

What is the anticipated outcome of the Chinese regulatory tightening?

• Continued tightening for the next decade

• A peak with fewer changes moving forward

• Immediate relaxation of all regulations

• Increased restrictions on all sectors

Which sector is highlighted as having potential opportunities in China?

• Manufacturing

• Agriculture

• Internet and Technology

• Real Estate

What is the expected trend for gold prices in the short term?

• Drop below $1500 per ounce

• Increase to $2000 per ounce

• Remain stable at $1800 per ounce

• Decrease towards $1650 per ounce