# UBS On-Air: Paul Donovan Daily Audio 'Markets’ cynicism premium'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-markets-cynicism-premium
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-markets-cynicism-premium.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-05-19T07:30:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260519-markets-cynicism-premium.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260519-markets-cynicism-premium.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-markets-cynicism-premium
Duration seconds: 154

## Resource

US President Trump declared that the US delayed attacking Iran because talks are going so well. Markets have been cautious in response. Equities failed to rally, because no attack is the status quo; and if investors have learned one thing about Axios reports of a deal, it is that these are historically a great reverse indicator. Oil prices did stop rising, perhaps reflecting a belief that this reiterates a US desire to find an exit.

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## Transcript

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