UBS' Zuercher Says What Surprised Was Large Move in VIX

The transcript discusses market uncertainty, highlighting a lack of recent corrections and a significant move in the VIX. It examines market adjustments, global growth, and inflation concerns. The discussion also covers interest rates, Federal Reserve policy, and potential risks of faster tightening. Despite concerns, global growth and earnings remain strong, with expectations of moderate interest rate hikes.

What factors contributed to the recent market correction mentioned in the text?

How did the recent move in the VIX compare to historical data?

What concerns were raised regarding inflation and wage growth?

In what ways does the speaker suggest the market is adjusting to recent changes?

What are the expectations regarding interest rate hikes in the near future?