Market Maker

In this episode, Anthony and Piers dig into the surge in UK borrowing costs, now at their highest since 1998. Is this a warning sign or just a media-fueled blip? They explore the fiscal strain, political reshuffling, and why the pound took a sharp hit earlier in the week.

The conversation then turns to the deeper structural issues—rising inflation, slowing growth, and a widening current account deficit. Could this all snowball into a credibility crisis for the UK government and Bank of England?

Also in this episode: gold’s breakout past $3,500, Goldman’s bold $5,000 call, and what the rally tells us about fading trust in fiat systems and central bank independence.

(00:00) UK: Borrowing & Inflation

(08:41) Debt Spiral

(17:17) Deficits & Outlook

(25:56) Gold as Hedge

(34:25) Trust in Gov’t & Banks

In this episode, Anthony is joined by M&A expert Silvia Magni to break down how to confidently talk about M&A and corporate finance deals in investment banking interviews — even if you haven’t worked on a deal yourself.

We cover what interviewers are really looking for, how to structure your answer like a pro, how to use recent or live deals the right way, and the most common mistakes candidates make (and how to avoid them). Plus, why strategic rationale often matters more than just getting the technicals right.

Whether you're preparing for analyst or associate-level roles, this is packed with practical advice to help you stand out.

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(00:00) Intro: Talking About Deals in Interviews

(00:58) Do You Need Deal Experience?

(01:51) When Deal Questions Come Up

(02:48) Structuring Your Answer

(03:12) Tailoring to the Bank

(04:29) Finding Deal Advisors

(05:14) Deal Framework Essentials

(06:56) Understanding Rationale & Risks

(08:45) Key Deal Points to Cover

(09:22) Strategic Thinking as a Differentiator

(10:01) Moving Beyond the Technicals

(11:05) What Senior Interviewers Want

(12:50) Using Live vs Older Deals

(13:57) Choosing the Right Deal

(15:13) What Interviewers Are Really Testing

(17:52) Common Interview Mistakes

(19:50) Final Tips & Be Genuine

Piers is back on the mic, and just in time. The markets are heating up and so is the political pressure.

In this episode, Anthony and Piers unpack Trump’s latest attack on the Federal Reserve, this time zeroing in on Governor Lisa Cook with allegations of mortgage fraud. Is this just another headline-grabbing move, or a serious threat to the Fed’s independence?

Then, the focus shifts to France, where political chaos is shaking investor confidence and French markets are tanking. Could Macron’s government collapse? And what happens if it does?

Closer to home, UK households are facing another blow as food and energy prices spike. So why is the Bank of England cutting rates while inflation is rising?

Also in this episode: market reactions to Powell’s Jackson Hole speech, the bond market’s inflation signals, and why traders keenly awaiting the upcoming payrolls report.

(00:00) Reunion and Market Overview

(04:33) Trump's Influence on the Fed

(27:58) Political Turmoil in France

(38:12) UK Inflation and Economic Outlook

In this episode, we shine a light on one of the most powerful yet misunderstood sectors in finance - commodities. Joined by Lauren Haymond, Global Head of Talent Strategy at Castleton Commodities International (CCI), we unpack what makes this industry uniquely dynamic and ripe with opportunity for early career talent.

Lauren shares her personal journey from headhunting to high finance, and breaks down the various roles beyond trading, including risk management, data science, and operations. Discover how CCI fosters rapid career growth, the traits and technical skills that make candidates stand out, and how to navigate emotional resilience in high-pressure roles.

Whether you're a student exploring career options or a young professional aiming to make a meaningful impact, this episode offers invaluable advice on learning agility, proactivity, and how to build lasting industry connections, especially if you’re starting from scratch.

Listen in and get inspired to consider a future in commodities.

(00:00) Introduction and Topics in Focus

(00:48) Lauren's Background in Hiring & Talent

(01:54) The Unique Aspects of Commodities

(07:06) What is Flow & Fundamentals in Trading

(08:54) Skills and Traits for Success in Commodities

(11:19) Understanding Roles in Commodities Trading

(14:20) The Importance of Collaboration at Work

(15:20) Best Practice in your Early Career

(17:48) Building Emotional Resilience

(22:26) The Value of Learning Agility

(25:11) Networking and Career Development in Finance

(28:28) Recommended Resources for Commodities

(30:45) What is Principle Investing?

Find out more about careers at CCI

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In this episode, we dive into the archive to take you back to 2022 when Anthony spoke to Will Hobbs, who at the time of recording was the acting Chief Investment Officer of Barclays Wealth Management.

Will talks about his untraditional route into markets, from training in Italy as a chef to landing his first role in finance, working through the dot-com and financial crisis, and then deconstructing his current role as Chief Investment Officer.

There are lots of tips on networking, leveraging personal experiences, and a detailed explanation of how his team oversees the investment philosophy at Barclays UK in Strategic Asset Allocation (SAA) and Tactical Asset Allocation (TAA) decisions.

We also touch on how he found his real passion later on in his career which ultimately acted as the springboard to later success and discuss how he deals with the pressure of being responsible for key decisions within the division he operates in.

A must listen to episode for those looking to work in asset or wealth management but also for the wider community if you are looking for an open and genuine insight into working in the world of finance.

(00:00) Introduction

(02:10) From chef to CIO

(04:00) Travel, Turkey, and taking risks

(09:50) Early jobs and finding purpose

(13:57) Networking advice: just ask

(16:19) What a CIO really does

(20:12) Handling pressure and big calls

(25:01) Mental health in finance

(30:16) Bitcoin, blockchain, and investing

(34:53) How to start learning markets

(38:03) Final tips for beginners

Earnings season is in full swing and Meta and Microsoft are stealing the show. Anthony and Piers dive into why Meta’s shares rocketed 12% on blockbuster earnings, a stunning rebound from its metaverse slump. They explore how Zuckerberg’s all-in AI pivot is paying off, from $100M talent wars to $72B in CapEx.

Microsoft’s cloud machine, Azure, just clocked $75B in annual revenue with 34% growth catapulting the company past a $4 trillion valuation. Is $10 trillion next?

Also on the docket: Trump’s tariff campaign enters high gear as he turns a Scottish golf course into a global trade hub. Deals are landing, inflation fears rise, and Powell’s hawkish stance is pushing the dollar higher. With a September Fed cut now a coin toss, markets are bracing for more.

Big tech, big politics, and even bigger moves, your no-nonsense breakdown of the forces driving the summer markets.

(00:00) Intro & Key Themes

(01:37) Meta Earnings Surge

(12:49) Trump’s Trade Deals

(17:04) Fed’s Hawkish Shift

(31:57) Microsoft’s Cloud Growth

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In this episode, Anthony is joined by Dani Markovits, Creator & Community Manager at LinkedIn, to explore how anyone, from students and young professionals to entrepreneurs and senior leaders, can use LinkedIn as a powerful tool for career growth, authentic brand storytelling, and building a strong personal presence.

Whether you're just starting to build your network or looking to stand out in a competitive job market, this conversation is packed with actionable advice.

Dani shares the insider strategies he uses to support LinkedIn’s top creators, from optimising your profile and posting with purpose, to leveraging comments and DMs to spark genuine connections.

Expect practical tips on building your personal brand, being consistent without burning out, and how to turn curiosity into content that adds real value.

If you're serious about your career, you can't afford to treat LinkedIn like just a digital CV. This episode shows you how to turn it into your launchpad whatever your industry.

(00:00) Intro: Why LinkedIn Matters

(01:14) Tip 1: Optimise Your Profile

(05:23) Tip 2: Start Before You’re Ready

(08:37) Tip 3: Comment Like It’s Your Job

(12:31) Tip 4: Curiosity Is a Superpower

(15:29) Tip 5: Create Content That Adds Value

(23:57) Tip 6: Be Generous With Others

(27:52) Tip 7: Stay Consistent

(31:18) Tip 8: Send Better DMs

(34:57) Tip 9: Experiment With Different Formats

(36:11) Tip 10: Be Known For Something

Big Tech earnings are rolling in and Alphabet just dropped a strong quarter, with search and cloud firing on all cylinders. Anthony and Piers unpack why fears of AI eating into Google’s ad machine are overblown (for now), and what a mind-bending $85 billion AI spend tells us about the battle for dominance.

Meanwhile, Tesla’s numbers paint a rougher picture. Revenue down, profits off a cliff, and EV incentives scrapped. But Musk’s betting big on robotaxis and he’s not alone. The guys break down the race between Tesla, Waymo, and Amazon’s Zoox for the future of driverless mobility.

Also in this episode: Trump’s new Japan trade pact sends Japanese automakers soaring, a look at how the carry trade could backfire on the US, and why meme stocks like Krispy Kreme are suddenly back in the spotlight.

(00:00) Intro

(03:07) Alphabet Earnings

(07:08) Google Cloud & AI

(09:26) $85B AI Spend

(14:29) Mag 7 Check-In

(16:53) Tesla Misses

(21:24) Musk’s Big Bets

(23:20) RoboTaxi Showdown

(28:39) Can Tesla Win?

(32:38) Trump’s Japan Deal

(36:54) Carry Trade Risk

(40:43) Meme Stocks Return

(46:23) WallStreetBets Redux

In this episode, Anthony speaks with Victoria Bryan, Senior Vice President, Trade Performance and Analytics, Banking and Markets, Northern Trust, about how data analytics shapes trading decisions and drives performance on the trading floor.

Victoria shares how she built a career at the intersection of data, markets, and communication, teaching herself to code, translating complex insights for stakeholders, and leading with curiosity and adaptability.

It’s a candid look at one of the most impactful (and often overlooked) roles in finance, full of practical advice for anyone exploring data-driven careers or trying to stand out early in the industry.

(00:00) Introduction to Data Analytics in Finance

(01:24) Victoria Bryan's Journey: Education and Early Career

(06:17) Understanding Northern Trust and Its Role

(09:05) Navigating Career Challenges and University Selection

(14:20) Mindset Shifts for Career Pivots

(18:07) The Willingness to Learn and Personal Growth

(21:52) The Role of Data Analytics in Trading Decisions

(25:15) Essential Skills for Success

(29:09) The Balance of Communication Skills

(31:33) Building Confidence in Public Speaking

(35:51) Navigating Imposter Syndrome

(42:43) The Importance of Networking

(46:16) Advice to My Younger Self

Earnings season is here, and Wall Street’s heavyweights came out swinging. Anthony and Piers unpack how Goldman Sachs and Morgan Stanley crushed Q2, driven by record trading revenues and a surprise rebound in deal flow.

They explore Morgan Stanley’s booming wealth arm with $59 billion in fresh inflows, and how JP Morgan’s universal model is thriving, from trading floors to retail lending. Plus, BlackRock’s puzzling $52 billion client pullout, a bond ETF surge, and crypto ETFs making noise.

Also: inflation surprises in the UK and US, and Trump’s “Twaco” trade rakes in $64 billion in tariff revenue.

A easy to understand breakdown of the macro forces steering the summer markets.

(00:00) Intro & Themes in Focus

(01:30) Goldman Sachs, Morgan Stanley Earnings

(08:07) The Goldman Model Business Explained

(10:01) What is FICC and Equities in a Bank?

(16:18) Wealth Management and Its Importance

(20:46) J.P. Morgan: How a Universal Bank Works

(24:35) BlackRock Q2 earnings summary

(31:30) Inflation Trends in the UK and US

(39:44) Trump Tariff Revenues & TWACO