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.

How should investors approach their portfolios in light of recent market trends?

What factors are contributing to the current high valuations in the US equity markets?

What implications does the Federal Reserve's tapering have on the market?

In what ways might the Chinese regulatory crackdown affect global markets?

What are the expectations for oil demand recovery towards the end of the year?