All Episodes

Episode 38: Dollar doldrums before the surge

This week we discuss the outlook for the US dollar and commodities with Tony Nash, CEO and Founder of Complete Intelligence, a forecasting company.
•Episode 38
25 min

Episode 37: China’s seductive stock surge

This week we look at how the Chinese equity market is echoing the market of 2015, which reached bubble territory before a crash back down to earth.
•Episode 37
19 min

Episode 36: The fiscal crater

We look at how the UK government might attempt to get out of the £300 billion economic crater, created by the fiscal response to the COVID pandemic.
•Episode 36
19 min

Episode 35: Gold is good, bubbles are bad

we look at how bond yields are reflecting the growth outlook whilst equities reflect the flow.
•Episode 35
19 min

Episode 34: Now it’s a bubble

We look at how the nature of the equity market has changed between the highs of February and the highs that are being made in the Nasdaq today.
•Episode 34
21 min

Episode 33: The fed flinches

The Fed flinched at the first decent wobble in the equity market. With price discovery distorted, what should investors be watching for clues about growth?
•Episode 33
18 min

Episode 32: Will reality return with the reopening

We look at the latest conversations on monetary policies that continue to stack the rebound in favor of risk assets and large corporates.
•Episode 32
18 min

Episode 31: Monetary madness is not the answer

We look at the conversations about monetary policies that are stacking the rebound in favor of risk assets and large corporates, at the expense of the real economy.
•Episode 31
18 min

Episode 30: Equities are not the economy

We look at how the move in US equity prices is shaping our view of the economic recovery, which will not be following the same trajectory as the Nasdaq.
•Episode 30
18 min

Episode 29: Can central banks stop the bankruptcies?

We look at how the gap between Main Street and Wall Street is getting wider, with consumers retrenching and small businesses facing bankruptcy.
•Episode 29
18 min

Episode 28: The global solvency crisis

We look at how a solvency crisis will emerge out of this economic shock. Governments have helped offset the initial liquidity shock, but balance sheets are impaired.
•Episode 28
33 min

Episode 27: Economic crisis: Inflation shock or deflation bust?

We look at the inflationary and deflationary pressures that are impacting global economies. Can money printing manufacture inflation?
•Episode 27
21 min

Episode 26: The long road from lockdown

We look at the speed with which economies can emerge from lockdown and the ability for consumers to recover.
•Episode 26
17 min

Episode 25: Will The Fed Create A Disorderly Dollar?

We look at whether the monetary accommodation by the US Federal Reserve may drive the dollar higher and have a negative impact on global risk assets.
•Episode 25
17 min

Episode 24: Will equity markets ever roll over again?

See whether the rally in the equity market is forming a fabled V shaped recovery, rare throughout history, but one that is now becoming a consensus view.
•Episode 24
17 min

Episode 23: The lasting effects of a lockdown

We look at whether markets are pricing in peak fear or peak economic distress. Peak fear may already be behind us, but has the economic pain only just started?
•Episode 23
17 min

Episode 22: We’re going to need a bigger bailout

This week we look at the combined attempts by governments and central banks to lift equity markets off their lows whilst keeping a lid on the US dollar.
•Episode 22
17 min

Episode 21: Here come the helicopters

We look at the government response to the shattering of global markets. Will their response have an inflationary impact in the short or long term?
•Episode 21
16 min

Episode 20: Is the market breaking apart

We look at the breakdown in the fabric of global markets. Has the economic slowdown now morphed into an unwind of smart beta style funds?
•Episode 20
17 min

Episode 19: Market fault lines exposed by oil shock

We look at the moves in global asset prices which suggest that the oil shock has revealed the weaknesses that have been building up across financial markets.
•Episode 19
16 min

Episode 18: The Big Conversation special - Coronavirus

We help answer some of the key questions asked about the market turmoil. Will central banks provide support, should we buy the dip and how long will it last?
•Episode 18
16 min

Episode 17: The dollar surges as the virus goes global

We look at the causes behind the US dollar’s rally. Is it just powered by the spread of coronavirus? Or were their issues that pre-date the virus?
•Episode 17
16 min

Episode 16: What on Earth is ESG

This week we help you to understand the thorny issue of ESG. Most think of it as climate change, when in reality its about corporate change.
•Episode 16
17 min

Episode 15: Can Germany's economy recover?

We look at the macro headwinds that Germany still faces. However, the DAX index is close to an all-time high. When will the economy and the equity converge?
•Episode 15
15 min

Episode 14: Can the China Coronavirus cause a global recession?

We look at the impact that the virus is having on key asset classes and the price action to follow for signs that the global economy is tipping into recession.
•Episode 13
15 min

Episode 13: Volatility and Viruses

We look at the type of volatility regime which the market is operating under and how this might critically impact the reaction to the virus outbreak.
•Episode 13
15 min

Episode 12: When's a bubble not a bubble?

This week we examine the lack of emotional attachment suggesting that equities could still be some way short of a euphoric top. The market chatter sees a buying opportunity for the British Pound in the recent weak UK data, which largely pre-dates the election. And the whisper looks at a couple of market hedges that try to keep down the carry costs that are killing us.
•Episode 12
17 min

Episode 11: Will bonds break the bull?

We look at the changing nature of equity markets. Also at at the removal of some key market supports as we enter US Q4 earnings season.
•Episode 11
15 min

Episode 10: Who to Fear Iran or the Fed

We look at whether geopolitics or central bank balance sheets are the biggest fear for markets, given the escalation in tensions with Iran.
•Episode 10
15 min

Episode 9: The Fiscal Future

We take a look at the grip that monetary policy has on markets. Growth has remained sluggish, whilst the investment framework is undergoing a structural change.
•Episode 9
15 min

Episode 8: Top charts for 2020

This week we highlight ten charts that matter for 2020 that everyone should have on their radar. Central banks, commodities and more are in the spotlight.
•Episode 8
15 min

Episode 7: Bear market catalysts

This week we let you in on the risks and the catalysts in the US equity market and what could be the potential signs of a reversal.
•Episode 7
15 min

Episode 6:China's slowdown

We discuss the slowdown in China despite the trade wars. China is trying to evolve its economy away from reliance on credit fueled manufacturing.
•Episode 6
15 min

Episode 5: Emerging markets and growth?

This week we focus on the signals being given by emerging market currencies. We look at the potential for the US to escalate trade tensions with Europe.
•Episode 5
15 min

Episode 4: Is India’s economy losing momentum?

We focus on the short-term headwinds lining up against India’s long-term opportunities. We explore whether the weakness in Hong Kong asset prices poses a risk for other global financial markets.
•Episode 4
15 min

Episode 3: Corporate earnings and the equity market

In this episode we look at whether U.S. corporate earnings matter to the stock market anymore, and if investors have become complacent about equities.
•Episode 3
15 min

Episode 2: UK election fiscal impact for markets worldwide

This week we focus on the global knock-on effects of the UK election - including implications for the dollar and bond yields.
•Episode 2
13 min

Episode 1: Will there be a U.S. recession?

In this episode we look at whether there could be a U.S. recession, what the Central banks might do about it and if there might be an end of year sell-off.
•Episode 1
13 min