Over a very busy few days the two Michaels discuss the UK, Budget, UK and US interest rate expectations, as well as what to expect from new US President Donald Trump, along with previewing the upcoming week of macro data including UK Q3 GDP, unemployment and wages data as well as the latest earnings announcements from AstraZeneca, Burberry, Vodafone and Disney
This inaugural podcast episode with Michael Hewson for Good Money Guide, was kindly sponsored by Pepperstone, and co-hosted by Michael Brown, Pepperstone’s Cheif Market Analyst.
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Takeaways
– The US election results have significant implications for financial markets.
– Trump’s policies may lead to increased volatility but also clearer pricing for market participants.
– The dollar’s status as the reserve currency allows the US to manage its fiscal deficit more easily than other countries.
– The Bank of England faces challenges with rising inflation and public sector pay settlements.
– Corporate earnings reports are crucial indicators of market health and investor sentiment.
– Disney’s subscriber losses highlight the challenges in the streaming market.
– The luxury sector is experiencing a downturn, affecting companies like Burberry.
– Economic resilience of consumers may help mitigate some downturns in retail sales.
– Automation in the workforce may accelerate due to rising costs and economic pressures.
– Market participants should remain flexible and adapt to changing economic conditions.
Chapters
00:00 Market Overview and Recent Trends
00:03 Introduction to the Podcast and Hosts
04:04 Impact of the US Election on Markets
14:40 Federal Reserve’s Balancing Act
20:34 UK Economic Outlook and Bank of England’s Stance
22:03 Inflation Trends and Economic Forecasts
25:18 Public Sector Pay and Wage Inflation
27:28 Unemployment Rates and Automation
29:17 GDP Projections and Economic Sentiment
32:08 US Economic Indicators and Federal Reserve Outlook
33:07 Company Earnings and Market Reactions
36:49 Luxury Sector Challenges and Burberry’s Future
39:53 AstraZeneca’s Challenges and Market Implications
Michael Hewson has over 30 years of experience in the financial markets and brings a wealth of expertise and a passion for stock market analysis to the Good Money Guide podcast. As the former Chief Market Analyst at CMC Markets, Michael led a talented team of in-house analysts, providing daily insights, research, and market commentary to both retail and institutional investors and traders, as well as being regulatory featured on the mainstream financial media worldwide like the BBC and Bloomberg.
Michael is renowned for delivering award-winning forecasts and timely, accurate analysis and was nominated twice in the City AM Award category of “Analyst of the Year” in 2019, and 2021, receiving a high commendation in 2019 for the coverage of Uber and Lyft IPOs and predicting that the Fed would cut rates that year.
Michael is committed to empowering traders and investors. With prestigious MSTA and CFTe credentials, he has been honored by CityAM, the Professional Trader Awards, and FXWeek for his contributions to the industry. His extensive media experience, spanning TV, radio, online, and live events, has made him a respected educator, dedicated to helping audiences make confident, informed decisions.
You can contact Michael on michael@goodmoneyguide.com