Why so down, S&P 500?
GDP numbers are strong. Wages are strong. Household debt is relatively low. So why is the stock market so blue? Since July 31, it is down 10 percent – formally a “correction” – and that includes the s...
31 Okt 202319min
A massive GDP number
In the third quarter, the US economy, as measured by annualised GDP, grew 4.9%. In an environment of skyrocketing interest rates, that is an extraordinary number. And it’s being powered by an extraord...
26 Okt 202313min
Is China a bargain right now?
The CSI 300, which tracks the largest publicly traded companies in China, just fell to pre-pandemic lows, despite aggressive attempts by President Xi Jinping to prop up the market. The drags on equiti...
24 Okt 202318min
FTX trial update
Today on the show, FT correspondent Josh Oliver joins us in the New York studio just minutes after leaving the courtroom. Oliver has been covering the trial of Sam Bankman-Fried, the founder of the co...
19 Okt 202321min
Japan’s new direction
The Japanese stock market is on a tear, up 20% this year. Some of that may be due to a weakening yen, and maybe a flight to safety, but it is likely largely the result of a serious effort to rethink h...
17 Okt 202316min
Public problems for private equity
For years, low interest rates let private equity deliver huge returns to investors. But now rates are up, and private equity is struggling. Many PE firms are turning to financial engineering to boost ...
12 Okt 202316min
Three markets we’re watching
Conflict in the Middle East is dominating the news this week. Today on the show, we’re looking at three markets that traditionally respond to disruption: oil, the yen and gold. Also, we go long traini...
10 Okt 202317min
The Biden scorecard
We don’t really do politics, but with election season underway, candidates are arguing about the American economy. Incumbents say it’s terrific. Challengers say it’s awful. Which is it? Today on the s...
5 Okt 202318min
