Vincent Deluard, Director of Global Macro Strategy at StoneX joins Monetary Matters to discuss why he believes changes to policy makers toolkit and to the structure of the economy mean recessions are “cancelled.” He also discusses why he believes Trump’s MAGA economic policies will be bad for corporate profit margins and his bullish outlook on oil and energy stocks.

Follow Vincent Deluard on Twitter https://x.com/VincentDeluard

Follow Jack Farley on Twitter https://x.com/JackFarley96

Follow Max Wiethe on Twitter https://x.com/maxwiethe

Follow Monetary Matters on:

Apple Podcast https://rb.gy/s5qfyh

Spotify https://rb.gy/x56dx5

YouTube https://rb.gy/dpwxez

Timestamps:

00:00 Intro

01:07 Recessions are Cancelled

08:23 The No Recession Feedback Loop

11:11 Impact of Tariffs

13:21 MAGA’s War on Corporate Profits

19:26 Corporate Tax Rates

21:56 Fiscal Balance of Payments Crisis

26:11 Outlook for Inflation, Growth, and Rates

36:07 Outlook for the Stock Market

40:51 US Multiples Compared to Rest of the World

45:18 Bullish View on Oil & Energy Sector

55:15 July Fed Predictions