UBP Favors U.S. Stocks, 'Underweight' China, Other Emerging Markets

The video discusses the consensus expectations around a potential recession, noting that the likelihood is only around 30%. The speaker explains that the markets are not pricing in a recession and highlights the hope for a soft landing by the Fed. The video compares the US and European markets with China, emphasizing the economic stimulus measures in China. It also discusses the two major battles in the market: inflation versus interest rates in the US and zero COVID strategy versus science in China. The speaker expresses a preference for US equities while being underweight on China and other emerging markets. The risks in Europe, particularly due to the situation in Eastern Europe, are also highlighted.

What are the two big battles currently going on in the market according to the text?

What factors are impacting supply chains and inflation according to the text?

What is the speaker's perspective on China's economic stimulus measures?

How does the speaker view the risk of recession in the US and Europe?

What is the speaker's overall sentiment towards investing in Europe despite the risks mentioned?