The Transcript

In this episode, we are joined by Brad Freeman, author of the newsletter Stock Market Nerd, to discuss key takeaways from tech earnings.

Show Notes

00:00:00 Introduction

00:00:43 Resilient consumer starting to get jittery

00:03:00 Some Weakness in Spending? 

00:04:09 Meta Worries

00:09:19 Weaknesses in Cloud emerging as growth moderates

00:13:45 Weaknesses in Retail

In this special episode (Episode 80), we host former hedge fund manager Marc Rubinstein to discuss the key takeaways from Banks' Q3 22 earnings calls. Marc is the author of Net Interest and writes for Bloomberg Opinion. He covers financial sector themes.
We are also joined by Brian Gilmartin, CFA from Trinity Asset Management who writes the blog Fundamentalis. 

In this episode, we discuss the deteriorating corporate confidence, the impact of the strong dollar on US earnings, and explore whether air travel has experienced a permanent structural change.  We also preview tech earnings that flood in this week. 

Show Notes

00:00:00 Introduction

00:00:08 Declining Corporate Confidence

00:02:03 The Strong Dollar

00:04:16 Declining Ad Spend

00:05:06 Tech Earnings Week

00:06:52 The Fed Feeling the Pressure?

00:08:27 Opportunities in Europe

00:10:07 Permanent Structural Change in Travel?

In this special episode, we are joined by Jesse Felder to discuss the macro takeaways from our recent newsletters including the Fed's fight with inflation, the heightened recession risks, the distress in financial markets, and the early innings of a commodity super-cycle. 

Show Notes

[00:00:00] Introduction

[00:00:15] The Fed’s Hard Time with Inflation

[00:02:46] Inflation Is a Choice

[00:06:54] Recession Risks

[00:10:36] When will Real Rates be Positive? 

[00:12:47] Declining Consumer Deposits

[00:15:50] The Energy Crisis & The Commodity Super Cycle

[00:22:54] Conclusion

In this episode, we discuss the signs that consumer spending may be softening, the hope that inflation may start to slow soon, and the signs of heavy stress in the financial system. We also preview the Q3 earnings season as banks kick off the season this Friday. 

In this episode, we dissect the key takeaways from Jerome Powell's press conference last week, tackle the prevailing inflationary psychology, and check out a few developments in Electric Vehicles vs ICEs. 

In this episode, we discuss the state of the consumer and consumer spending, the decline in FedEx volumes and what it means for the recession outlook, and why the big 3 in cloud will be hard to compete with.

Show Notes

00:00:00 Introduction

00:00:12 Slowdown or Shifting Demand?

00:02:13 The State of the Consumer

00:05:34 Recession Watch

00:06:48 Energy Prices in Europe

00:08:39 Capital Intensity as a Moat

00:11:04 Frank Slootman, the straight Shooter

In this episode, we discuss the focus of the Fed on fighting inflation until the job is done, the trends in e-commerce and how companies are trying to find the optimal WFH/WFO mix.

Show Notes

00:00:00 Introduction

00:00:08 Until the Job is done

00:02:36 If we are in a recession, consumers don’t know it

00:03:04 Post-Pandemic Blues

00:07:57 Worried about Tiktok

00:10:28 What’s New at The Transcript

Welcome to Episode 73 of The Transcript Podcast where we discuss the key themes and takeaways from the Q2 2022 earnings calls.

This is a special episode of a recording of a Twitter Spaces conversation we held on Wednesday, 31st August 2022 with our guests Sam Ro of Tker.co and Alex Morris of The Science of Hitting

Show Notes
00:00:00: Introduction
00:05:21: The Fed and Inflation
00:11:15: Trading Down of High-income Consumers
00:15:44: Retailers and Their Excess Inventory
00:20:31: Takeaways from Tech Earnings
00:23:00: Trends in CAPEX
00:29:56: The State of Streaming
00:34:58: EPS Trends
00:40:48: Closing thoughts

In this episode, we discuss takeaways from Jackson Hole, the shifting spending patterns of high-income consumers, and the post-pandemic blues of some covid winners. 

Show Notes

00:00:00 Introduction

00:00:07 No Resting Until the Job is Done

00:02:44 Emerging Markets Feeling the Heat

00:03:29 Trading Down from High Income Consumers

00:06:30 Post-Pandemic Blues

00:09:14 Strong Year for Farmers

00:10:12 Takeaways from Sam Walton’s Made in America

00:11:19 Invitation to Twitter Spaces Tomorrow