Why aren't stock markets crashing despite higher interest rates, stubborn inflation, rising government debt and global uncertainty?
In this episode of Talk Money To Me, recorded on 13 October 2026, host Felicity Thomas explores the latest global investment outlook from UBS and why share markets have remained surprisingly resilient despite significant economic headwinds.
With US bond yields climbing, the Federal Reserve facing difficult interest rate decisions and enormous investment flowing into artificial intelligence, investors are navigating a rapidly changing financial landscape.
Is the AI boom helping sustain global markets, or could the extraordinary spending required to support it create the next major financial risk?
Drawing on insights from UBS's global strategy team, Felicity breaks down:
π Stock Market Outlook: Why the S&P 500 and global equities have remained resilient despite higher interest rates, and how strong corporate earnings are supporting valuations.
π¦ Interest Rates & Inflation: UBS's outlook for the Federal Reserve, US Treasury yields and whether the bond market sell-off may be approaching its peak.
π€ The AI Investment Boom: How artificial intelligence, semiconductors, data centres, nuclear energy and infrastructure investment are driving economic growth.
β‘ AI's Hidden Financing Risks: Why enormous capital expenditure and corporate borrowing could create vulnerabilities in bond and credit markets.
π Global Investment Opportunities: The outlook for European equities, banks, Japan and emerging markets, including semiconductor opportunities across Korea and Taiwan.
π₯ Gold & the US Dollar: Why UBS remains constructive on both assets despite global economic uncertainty.
π° Government Debt & Private Credit: The risks associated with rising debt-servicing costs, higher borrowing rates and weaker corporate borrowers.
Felicity also explores investment themes involving Microsoft, Nvidia, Applied Materials, Vertiv, Constellation Energy and ASML, highlighting why companies with strong earnings, healthy balance sheets and exposure to critical AI infrastructure may be better positioned.
The big takeaway? Higher interest rates are reshaping financial markets, but resilient corporate earnings and structural investment in AI continue to support economic growth. The next phase of the market may increasingly reward quality, profitability and selectivity.
π§ Subscribe to Talk Money To Me for investment insights, stock market analysis and discussions on the trends shaping global financial markets.
Recorded: 13 October 2026. All market data, forecasts and commentary reflect information available at the time of recording.
Talk Money To Me is hosted by Felicity Thomas of Shaw and Partners.
This podcast contains general information and general financial product advice only. It does not take into account your individual objectives, financial situation or needs.
Any securities, companies, funds or investment strategies discussed are for general information and educational purposes only and do not constitute personal financial advice or recommendations to buy, sell or hold investments.
Before making investment decisions, consider your personal circumstances, relevant disclosure documents and seek professional financial advice where appropriate.
All investments involve risk, including the potential loss of capital. Past performance is not a reliable indicator of future performance.
Market forecasts, estimates and views attributed to UBS reflect information available as at 13 October 2026, are subject to change and are not guarantees of future performance. These views do not necessarily represent those of Shaw and Partners.
#TalkMoneyToMe #StockMarket #AIBoom #Investing #InterestRates #UBS #ArtificialIntelligence #MarketOutlook #Semiconductors #FelicityThomas #ShawAndPartners
","author_name":"Talk Money To Me"}