Recurring series
UBSUBS House View Briefcases
Finvaulta tracks 3 editions of UBS House View Briefcases from UBS, published between June 22, 2026 and August 17, 2026. Each edition is summarized on its own page.
Latest edition · August 17, 2026
August 16 Briefcase full pack 2026
UBS CIO expects US and global equities to trend higher supported by broadening earnings, while the Fed remains on hold in 2H26. Investors are advised to diversify away from concentrated megacap tech positions into quality fixed income, international equities, commodities, and selective private markets.
In this edition of UBS House View Briefcases, UBS addresses key questions shaping markets, projecting the S&P 500 to reach 8,200 by June 2027 and gold to reach USD 5,000/oz in 1H27. Under new Fed Chair Kevin Warsh, US policy rates are expected to hold steady at 3.50-3.75% for the rest of 2026 as disinflation resumes, making short- and medium-duration quality bonds attractive. While AI capex is forecast to surge toward USD 1.2tr in 2027, high equity concentration warrants rebalancing into cyclical sectors, European/Asian equities, power and resources, longevity themes, and broadly diversified commodities to manage geopolitical risks from the US-Iran conflict.
Read the latest edition in fullKey takeaways from the latest edition
- 1.The Fed is expected to keep rates unchanged in 2H26 under Chair Kevin Warsh amid emerging disinflation, creating an attractive risk-reward for short- and medium-duration quality bonds.
- 2.US equities are projected to push higher with S&P 500 reaching 8,200 by June 2027, but investors should broaden exposure beyond megacap tech into cyclicals, health care, financials, industrials, and utilities.
- 3.Global equity earnings are set to broaden outside the US, with Eurozone profits rebounding and MSCI Asia ex-Japan earnings forecast to expand 72% in 2026.
What this series covers
- What does the Warsh era mean for Fed policy?
- How can I broaden beyond tech in US equities?
- How can I invest in transformational innovation?
- How can investors find income?
- How to diversify with alternatives?
- Why should investors broaden beyond US stocks?
- What does the US-Iran conflict mean for markets?
- What is next for commodities?
- Should investors worry about private credit?
- What role can gold play in portfolios?
Edition archive
Series at a glance
- Editions tracked
- 3
- First edition
- June 22, 2026
- Latest edition
- August 17, 2026