Why This Major Bank CEO Doesn't 'See Any Path of Normalization' Amid Market Upheaval

The stock market bounced back after plummeting around so-called Liberation Day last April, when the Trump Administration imposed tariffs on most of the U.S.'s trading partners. It's unclear whether the current market volatility is also some sort of short-term noise, or the beginning of more significant shift. Key Takeaways There's no clear end in sight for volatility in financial markets, said UBS CEO Sergio Ermotti. It's "quite abnormal" that markets weren't meaningfully impacted by recent trade tensions a ...