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Macro Mondays | Is the Trump Trade Unwinding? | 04|11|24
Manage episode 448461539 series 2660211
This episode of Macro Mondays was recorded at 4:30pm GMT on Friday, the 1st of November.
On today's episode, James Todd is joined by Research Analyst Will Cunliffe - as James Brodie is travelling - to dive into the latest macroeconomic developments shaping global markets. They discuss whether we're seeing an unwinding of the "Trump trade" as gold and the S&P 500 opened weaker on Thursday, 31st October.
We're seeing mixed data out of the US, with a mix of increased consumer confidence and disappointing non-farm payrolls. In the US, corporate spreads are also falling; ICE Bank of America high yield OAS spreads are the smallest they've been since 2005.
Gold saw its worst drop since July, and we're seeing mixed earnings among companies with Amazon and Tesla looking strong but Microsoft looking disappointing. Brent, meanwhile, rallied over Middle East concerns.
191 episoder
Manage episode 448461539 series 2660211
This episode of Macro Mondays was recorded at 4:30pm GMT on Friday, the 1st of November.
On today's episode, James Todd is joined by Research Analyst Will Cunliffe - as James Brodie is travelling - to dive into the latest macroeconomic developments shaping global markets. They discuss whether we're seeing an unwinding of the "Trump trade" as gold and the S&P 500 opened weaker on Thursday, 31st October.
We're seeing mixed data out of the US, with a mix of increased consumer confidence and disappointing non-farm payrolls. In the US, corporate spreads are also falling; ICE Bank of America high yield OAS spreads are the smallest they've been since 2005.
Gold saw its worst drop since July, and we're seeing mixed earnings among companies with Amazon and Tesla looking strong but Microsoft looking disappointing. Brent, meanwhile, rallied over Middle East concerns.
191 episoder
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