Loose Change: A Finance Pod

Emmanuel returns to discuss the new CPI release and to lay out some of the ramifications these numbers can have on a long term outlook. Given the midterm elections, how will Warsh play his hands regarding an inevitable interest rate hike? Let’s dive in.

The S&P closed last week seven points off a record. That same morning, Americans rated current conditions the worst in the history of the Michigan survey. This episode looks at how both can be true at once, starting with a week where the market paid up for scarcity: Google locking in nuclear power from Constellation, and SpaceX buying its way into your phone. Then the OpenAI revenue reset that knocked chip stocks 3.4% in a day, and why the value of the chips themselves might be the next number AI investors start watching.

From there it's the setup into Wednesday. A 10-year above 5%, a Fed that still wants another hike, banks down double digits heading into earnings, and a September CPI where the forecasts don't even agree on core. Plus the Houthi strike in Riyadh, the Russia diesel deal, and how I'm positioned going in.

This is commentary for general information, not individual investment advice.

Back from a voluntary hiatus, Emmanuel returns to discuss market movements, a return to form for the AI trade, earnings beats, geopolitical pressures, and the problem facing the two America’s: Main Street and Wall Street.

This is Loose Change, episode 2.

The first episode of Loose Change is a personal introduction to the ideas behind the show. Reflections are shared on learning from past market conditions, developing independent thinking, and creating space to examine risk, decisions, and long-term perspective.