Interview recorded - 27th of June, 2023

On this episode of the WTFinance podcast I had the pleasure of speaking with Julian Brigden, Co-Founder and President of Macro Intelligence 2 Partners.

During our conversation we spoke about Julian's thoughts on the current market, fiscal vs private investment, why the second half could be horrible for US equities, whether the market can ween itself off QE and what the future looks like. I hope you enjoy!

0:00 - Introduction
0:12 - Julian’s thoughts on current market action?
5:10 - Fiscal replaces private weakness?
7:40 - Fiscal benefit goes towards certain industries
9:15 - Central Banks changing pivot tone
11:45 - K recovery within the economy?
13:40 - Second half of the year will be different
17:20 - Reverse repo to bills
20:20 - Bullish narrative will change
23:25 - What will Julian be watching?
25:40 - Equity market performance revolves around liquidity
27:40 - Can the market ween itself off QE?
32:15 - Can Central Banks continue current QE process?
37:53 - AI Revolution or Productivity Increase
39:50 - Any positivity?
43:40 - Would US equities fall more if US Dollar strengthens?
45:35 - One message to takeaway from our conversation?

Julian Brigden is the Head of Research at Macro Intelligence 2 Partners, a firm he co-founded in 2011. He leads a six-person team of research and market professionals to publish independent macroeconomic research that is both ahead of market consensus and timely. Julian has over 30 years of experience in financial markets including positions in market and policy focused consulting to institutional investors as well as FICC sales. 

Julian is a trusted advisor to many top money managers who use MI2 Partners’ research to guide their investment process. He has extensive experience with macro data analysis, broad fixed income, equity market (not individual stocks) and currencies. He is particularly skilled at exploring correlations in the economy and financial markets vital to a vast array of investment decision-makers. As a global macro strategist, Julian’s primary focus is understanding and explaining macroeconomic and policy-related developments to tell clients what is important in markets and what to fade. 

Julian spent five years at Medley Global Advisors from 1999 to 2004, a leading macro policy intelligence firm, as the Managing Director of the G7 Client Team, providing timely trading recommendations. From 2004 to 2011, he served as North American Head of Hedge Fund Sales at Crédit Agricole. He has worked in London, Zurich, New York and Vail at UBS, Lehman Brothers, HSBC, Drexel, Credit Suisse, and Salomon Brother in foreign exchange and precious metals.

MI2 Institutional Research offers a student discount for their subscription.  The Student rate is $5,001/year for one user and includes access to:
8-10 Monthly Research Reports:

Any questions may be directed to: [email protected] 

If you are interested in learning more about the Global Macro Summit in Vail between September 26 - 29, check out the link below - 

https://mi2partners.com/global-macro-summit-early-bird-registration/

Julian -

Website - https://mi2partners.com/
Twitter - https://twitter.com/JulianMI2
LinkedIn - https://www.linkedin.com/in/julian-brigden-150b2114

WTFinance -

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