Another month has ended, which means another recap episode is due… 📉📈

Welcome to the TWENTY-SECOND episode of The Smart Money Show! As always, Dylan Ilett takes the lead on equities, while Wahy Yahya brings fresh insights from the FICC side.

We kick off with the latest UK and US economic data, before digging into BofA’s ultra-short FX calls, the moves in FTSE and the S&P 500, and why a harsh drought is sending grain prices sharply higher. 🌾

On the equity front, we break down NVIDIA’s latest earnings and new US deal, plus take a look at how China’s rally and renewed EM flows are shaping global sentiment. Meanwhile, Wahy unpacks the surge in 30-year gilt yields back to 1998 levels, the slide in sterling as the dollar rebounds, and the BoE’s updated view on how QT is feeding through to the market.

Whether you’re following macro, FX, or equities, this episode is loaded with sharp insights and clear takeaways to help you cut through the noise. 🔍

Guest Contacts:

Dylan Ilett - https://www.linkedin.com/in/dylan-ilett/

Wahy Yahya - https://www.linkedin.com/in/wahy-yahya-1b1563301/

🎥 Recorded: 29th August

Chapters:

0:00 - Intro 🎙️

2:34 - UK Macro Data: "Sticky" Inflation & The BoE's Rate Cut 🇬🇧

6:01 - US Macro Data: Strong GDP vs. Labor Market Concerns 🇺🇸

9:48 - Are Investment Banks Trading Like Hedge Funds? 🤔

13:24 - S&P 500 vs. FTSE 100: A Performance Breakdown 📊

18:05 - A Looming Crisis? Droughts & The Risk of Food Inflation 🌽

22:00 - The Nvidia Story: Earnings, Customer Risk & The China Deal 💻

29:31 - The Bond Market's Warning: UK Gilts Near 1998 Highs ⚠️

35:10 - A Surprising Insight on Index Concentration Risk 🧐

39:05 - The China Rally: An Unexplained Surge 🇨🇳

42:37 - FX Deep Dive: Sterling vs. The Dollar (Cable) 💷💵

45:43 - The Great Rotation: Why Fund Managers Favour Emerging Markets 🌍

52:22 - Understanding Quantitative Tightening (QT): A Key Policy Tool ⚖️

54:44 - Outro 👋

As always, stay tuned to us weekly as we bring you unheard insights, professional guests and a few laughs! 💚

Check out our work and connect with us here: https://www.thesmartmoneyshow.co.uk/

Please be advised, none of our episodes constitute as financial advice and we will never attempt to do so.