On the show today, director of Global Macro Jurrien Timmer joins us to take an in-depth look at the earnings season. The current expectation is a 9% year-over-year contraction in Q2 earnings. Jurrien explains how the market is betting on a soft landing, and looks ahead at the prospect of an earnings recovery next year. Also discussed are the impact of real rates on the market, especially as seen in the prices of gold and bitcoin. Other topics include the relationship between inflation and the labor unrest in the US and Canada, the state of investing in Asia, particularly China, and a look at the performance of the so-called 'magnificent seven' stocks.

Recorded on July 10th, 2023.

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