Union Bancaire Privee Is 'Overweight' Bonds, 'Underweight' Stocks

The video discusses a defensive investment strategy for the current year, focusing on overweighting bonds and underweighting equities. It highlights recent changes in asset allocation, including profit-taking in energy and underweighting in Europe and the US. The discussion covers market risks, potential trade deals, and the Fed's monetary policy, with an emphasis on interest rates and yields. The equities outlook is influenced by earnings forecasts and political factors, particularly trade negotiations and tariffs.

What changes have been made to the investment strategy regarding bonds and equities?

What is the significance of the flattening trade mentioned in the text?

How does the current economic outlook influence the expectations for rate hikes?

What factors are expected to impact the earnings outlook in the upcoming season?

How does the political calendar in the US affect the investment strategy discussed?