UBS's Kaiser Sees 'Choppy Ride' Ahead for Markets

The video discusses market volatility expectations for the year, highlighting a more volatile first half due to policy shifts and economic data. It notes a recent shift in market focus from macro to micro factors, driven by strong tech earnings. The upcoming inflation data is seen as a critical test for the market, with attention on how equity markets will respond to potential deceleration in inflation rates.

What is the expected trend for market volatility in the first half of the year?

• It is expected to decrease significantly.

• It is expected to remain stable.

• It is expected to be higher due to policy changes.

• It is expected to be lower due to economic growth.

What recent market event is mentioned as causing a period of instability?

• A steep inversion of the VIX curve.

• A significant increase in interest rates.

• A sudden drop in tech stocks.

• A major economic recession.

What shift in market focus is highlighted after the Fed's actions?

• From micro to macro factors.

• From macro to micro factors.

• From retail to consumer goods.

• From tech to healthcare sectors.

Which sector is identified as having potential downside risk due to Omicron?

• Healthcare

• Energy

• Technology

• Consumer discretionary and retail

What is the expected market response to the upcoming inflation data?

• A focus on month-on-month improvement.

• A disregard for inflation figures.

• A focus on year-on-year high inflation levels.

• A shift towards bond market investments.