Is This the End of US Dominance?
Turkey has been the best-performing equity market in the world in dollar terms in 2022. Meanwhile, the Mexican peso and the Brazilian real have been among the strongest currencies against the buck this year. Amid global upheaval unlike anything in recent memory, emerging markets have become much more attractive to investors. Is this a durable trend in asset allocation? Andreas Steno Larsen welcomes Whitney Baker, the founder of Totem Macro, for a conversation about the convergence of deglobalization, inflation, and quantitative tightening and the emergence of emerging markets as we transition to a multipolar geopolitical-macroeconomic regime. Follow Whitney on Twitter @TotemMacro. Recorded on November 23, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices
22 Jan 202354min
Why Consumer Prices Will Plummet (And How to Play It)
In the inaugural episode of Steno's Signals, Andreas walks us through why inflation will fall fast in the first quarter of this year, why that might not be a broad-based sign to buy equities—especially in the energy sector—and tells us how he’s setting up to trade it. Recorded on January 3rd, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices
21 Jan 202324min
Is it Time to Take Profits?
Stocks rallied back on Friday but are still down on the week as another large round of job cuts hits the technology sector. In today’s extended version of the Daily Briefing, Jared Dillian joins Maggie Lake to discuss this week’s price action, overall market sentiment, and when he sees a true Fed pivot coming into play. In the second part of this extended show, we’ll dive deep into what Jared is specifically trading, how he’s positioning, and how to protect yourself in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices
20 Jan 202334min
Is the Bear Market Back to Bite Us Again?
Stocks extended yesterday’s slide after lower-than-expected U.S. weekly jobless claims this morning suggested a still-resilient labor market. Meanwhile, December housing starts slowed less than forecasted, tech layoffs continue, and earnings reports suggest that the Fed’s rate hikes are beginning to manifest a recession. Tom Thornton, the founder of Hedge Fund Telemetry, joins Maggie Lake to make sense of the market action and share how he’s positioning his portfolio as earnings season picks up. Plus, we’ll hear from Andreas Steno Larsen on why the U.S. breaching its $31.4 trillion debt ceiling could impact equity investors. You can watch Andreas’ new series, Steno’s Signals, right here: https://rvtv.io/3QUIoof Learn more about your ad choices. Visit podcastchoices.com/adchoices
19 Jan 202339min
BoJ Sends a Message to the Markets
U.S. equities gave back this week’s gains as investors try to parse producer-side deflation, the probability of recession, and the Bank of Japan’s decision to leave its yield curve control policy unchanged. The BoJ on Wednesday maintained its ultra-low interest rates, which sent the yen lower and led to interesting action in Japanese government bonds. Global markets contributor Weston Nakamura joins Andreas Steno Larsen to discuss what this BoJ news means from various asset classes, how the action is trickling into U.S. markets, and key takeaways from this morning’s PPI release. Plus, we’ll hear from Ruchir Sharma, founder and CIO of Breakout Capital, on why he is a little confused about where Japan sits in his EM portfolio. You can check out that entire interview right here: https://rvtv.io/3ZJ8YEX Check out Weston’s Twitter Spaces on the BOJ Here: twitter.com/i/spaces/1BdGYyNpYAyGX Learn more about your ad choices. Visit podcastchoices.com/adchoices
18 Jan 202340min
The State of Play for Commodities
U.S. equities began the week choppy as Goldman Sachs and Morgan Stanley both reported steep profit losses in Q4 2022. Banks see a recession coming, but does the rest of the market agree? Ash Bennington sits down with Tony Greer, founder of TG Macro and editor of the Morning Navigator, to hear what moves he’s watching in energy and commodities and how he feels about the broader rally in stocks. We’ll also hear from Andreas Steno Larsen on why he prefers precious metals over energy right now. You can watch Andreas’ new series, Steno’s Signals, right here: https://rvtv.io/3iuIO8j. Learn more about your ad choices. Visit podcastchoices.com/adchoices
17 Jan 202333min
5 Questions, 3 Guests: Joseph Wang, Andy Constan, and James Helliwell
What’s the trajectory of inflation in 2023? How about the likelihood of a severe recession? There’s no shortage of uncertainty as we look past the holidays, but Joseph Wang, Andy Constan, and James Helliwell have some thoughts on what’s to come. Don’t miss this discussion of how to navigate the markets in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices
15 Jan 202313min
5 Questions, 2 Guests: Felix Zulauf and Cullen Roche
Are investors prepared to weather the storm that’s brewing for global markets? Welcome to the latest edition of V Questions, where expert guests answer 5 questions in 1 take with zero preparation. On today’s show, Felix Zulauf and Cullen Roche share their thoughts on the trajectory of inflation in 2023, the likelihood of a severe recession, and why patience will be key for anyone trying to navigate the markets in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices
14 Jan 202310min
