Michael Ryan, Chief investment Officer, Americas, at UBS Wealth Management, joins DoubleLine’s Jeffrey Sherman and Samuel Lau on the Sherman Show. Among the topics Mr. Ryan discusses are the three critical functions of his role as CIO (helping to shape to global investment view, managing a 60-member team and communications), the importance (or lack thereof) of the political party in power to market performance, investment versus speculation, how he forms his economic outlook, and the odds of U.S. recession. The discussion was recorded September 13, 2019.