{"id":49541,"date":"2019-11-12T09:02:23","date_gmt":"2019-11-12T14:02:23","guid":{"rendered":"https:\/\/olduvai.ca\/?p=49541"},"modified":"2019-11-12T09:02:26","modified_gmt":"2019-11-12T14:02:26","slug":"worlds-ultra-rich-preparing-for-market-crash-ubs-warns","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=49541","title":{"rendered":"World’s Ultra-Rich Preparing For Market Crash, UBS Warns"},"content":{"rendered":"\n

World’s Ultra-Rich Preparing For Market Crash, UBS Warns<\/a><\/h3>\n\n\n\n

A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, seen by Bloomberg<\/a>. UBS polled wealthy investors, who are preparing for a significant stock market correction by the end of next year. <\/p>\n\n\n\n

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<\/a>In the survey of more than 3,400 high net wealth respondents, 25% said they’ve sold risk assets, such as equities, commodities, and high-yield bonds, and have transitioned into cash. <\/strong>The synchronized global slowdown<\/a>, coupled with a US-China trade war, were some of the greatest concerns of respondents. <\/p>\n\n\n\n

“The rapidly changing geopolitical environment is the biggest concern for investors around the world,” said Paula Polito, client strategy officer at UBS GWM, in a statement. “They see global interconnectivity and reverberations of change impacting their portfolios more than traditional business fundamentals, a marked change from the past.”<\/p><\/blockquote>\n\n\n\n

About 80% of the respondents expect volatility to increase through 2020, and 55% believe a market plunge could occur before Q4 2020.<\/strong><\/p>\n\n\n\n

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Worse, 60% of respondents expected to raise cash levels in the coming quarters (i.e., sell stocks).<\/strong><\/p>\n\n\n\n

Most respondents said the added caution is due to a possible blowoff top in global equity markets. About 70% of respondents are optimistic through 2030.<\/p>\n\n\n\n

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“The challenge is that they seem to want to respond” to short-term uncertainty “by really shortening their time horizons and shifting to assets like cash that are safe,” said Michael Crook, a managing director on the investment strategy team. Though with many of these people investing on a time horizon across decades and for future generations, that “seems like a mismatch.”<\/p><\/blockquote>\n\n\n\n

And while most respondents said they’re preparing for market turbulence in the short term, many should rethink their US outlook for the next decade. Teddy Vallee, CIO of Pervalle Global<\/a>, shows that the “US is dead money for the next 10 yrs.” <\/p>\n\n\n\n

\u00a0\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

World’s Ultra-Rich Preparing For Market Crash, UBS Warns A synchronized global slowdown, with no end in sight, has spooked some of the wealthiest investors around the world, according to a new survey from UBS Wealth Management, seen by Bloomberg. UBS polled wealthy investors, who are preparing for a significant stock market correction by the end of next […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[501,1029],"class_list":["post-49541","post","type-post","status-publish","format-standard","hentry","category-economics","tag-market-crash","tag-ubs"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49541"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49541\/revisions"}],"predecessor-version":[{"id":49542,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/49541\/revisions\/49542"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}