The Transcript

In this episode, we discuss the resiliency of consumer spending, the sticky services inflation,  and the era of AI. 

In this episode, we discuss how companies are preparing for a mild recession, the developing decade of AI and the status of the reopening of China. 

Show Notes

00:00:00   Introduction

00:00:07   A Mild Recession Ahead

00:02:12   Will the Fed Slow Down? 

00:04:36   Pace of Decline in VC Investments Slows Down 

00:05:32   The Decade of AI

00:09:38   Nearshoring and the Reopening of China

00:10:58   Conclusion

In our first episode of the earnings season, we discuss our key takeaways from the big banks that reported including takes on credit quality, the possibility of a hurricane coming and the state of the consumer. 

Show Notes

00:00:00   Introduction

00:00:07   Big Banks Report

00:01:01   5% is the Place to Be

00:01:56   Consumer Dipping into Savings and Credit

00:03:05   No hurricane

00:04:04   Dollar Down

00:05:41   Search for Yield

00:06:59   The State of Semis and Auto

00:08:50   Conclusion

In the first episode of the new year, we discuss what has changed since the holidays and we preview the Q4 2022 earnings season. 
Show Notes

00:00:00  Introduction

00:00:08  A Cooling Down

00:01:55  Inflation Cooling in Europe

00:03:03  Inflation in Services

00:05:52  A Hunkering for Fries

00:06:49  The AI revolution

00:09:19  Weakening Data Center Demand

00:11:15  Earnings Season Preview

00:12:40  Conclusion

In this episode, we review the year 2022 through quotes from earnings calls and also track the incredible growth we have had at The Transcript. 
Show Notes

00:00:00   Introduction

00:00:07   A Year of Worries

00:01:51   The Fed Behind the Curve

00:04:51   Inflation Peaked 

00:06:41   The End of an Era

00:08:22   Looking into 2023

00:10:04   Incredible Growth at The Transcript

In this episode, we discuss the signs of slow down in spending, how companies are prepping for a hurricane and the impact ChatGPT is having.
Show Notes

00:00:00  Introduction

00:00:08  There is a slowdown

00:02:28  Companies Prepping for a Hurricane

00:04:26  The 2% Trend

00:06:11  IT Budgets under Pressure

00:08:04  The ChatGPT Moment

00:11:07  Conclusion

In this episode, we discuss the recent comments from the Fed on slowing down rate increases, the surprising strength in the industrial segments, and the impact of the Zero-covid policy in China. 

Show Notes

00:00:00 Introduction

00:00:12 Slowing Down The Pace

00:01:12 Entrenched Inflation Psychology?

00:05:29 Strength in Industrial Customers

00:07:32 China's Zero Covid policy

00:09:46 Conclusion

In this episode, we host Sean Stannard-Stockton who is the president and chief investment officer of Ensemble Capital Management and is a regular reader of our newsletter.  We discuss his takeaways from the latest Q3 22 earnings from companies in their portfolio including Mastercard, Starbucks, Ferrari, Home Depot, and Netflix. 

In this episode, we discuss the signals from freight companies on weakening demand, the FTX saga, and the Meta U-Turn

Show Notes

00:00:00 Introduction

00:00:07 Inflation Going Down?

00:03:09 The Crypto Crisis

00:07:54 The Meta U-Turn

00:09:36 Semis and the Energy Transition

00:10:06 Conclusion

In this episode, we discuss the musings from the Fed meeting last week, the challenged ad markets, and the state of energy markets in Europe
Show Notes

00:00:00 Introduction 

00:00:08 The Fed is Staying the Course

00:03:54 Europe is Weak 

00:05:24 Mexico a Beneficiary of Reshoring 

00:07:05 Weak Ad Spend 

00:08:52 A Warm Welcome to the New Subscribers