Currently, in order to see buffs/conditions, or number of stacks of Master’s Bond trait on your pet you must target it (unless I am missing something?).
What I would really prefer to see instead, is a bit richer pet UI that could be moved, similar to that of the party UI where you can see the player’s name, avatar, hp bar (we already have this but its location above the skills bar is not the best) plus their current status with buffs and conditions. Afterall, being a ranger is like being in a party with your pet constantly. I believe that would really help us monitor our pet’s status.