Yu: Diversify to Protect Against U.S. Election Ripples
One day U.S. stock investors seem at ease with an interest-rate increase. The next, the S&P 500 Index has its biggest loss in more than two months amid hawkish commentary. Fed funds futures traders are pricing in a 57 percent chance of a hike by the end of the year, according to data compiled by Bloomberg. While lower than the high of 65 percent in August, traders as recently as July 1 saw the chances of a hike this year as barely more than 10 percent. UBS Head of U.K. Investment Office Geoffrey Yu discusses with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."