Time in the Market

This month we welcome Rob Wood from Pantheon Macro to discuss the condition and forecasts of the UK Economy. Rob has a glittering CV including time spent at the Bank of England supporting the Monetary Policy Committee in its policy deliberations. More specifically up for discussion is the fiscal agenda, the outlook for the UK consumer, what next for inflation and monetary policy, and how the UK’s international relations may evolve and influence economic performance. Rob also offers his insights on the prospects for the gilt market and sterling.

This podcast is for UK Professional Investors Only. Capital at Risk.

This podcast was recorded on 21st November 2024.

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In the latest ‘award-winning’ Ben Squared Podcast, we offer key takeaways on 3rd Quarter Earnings Season, including Nivida which traditionally concludes the seasonal reporting; and has the potential to make a significant impact on markets*! We also take some time to review Trump’s Treasury Secretary Nomination and the recent excitement in the sphere of Crypto currencies.

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 25th November 2024.

*Past performance does not predict future returns.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

Post the emphatic victory of the US President-Elect, markets are scrambling to make sense of what the ‘Trump Trades’ actually are? This issue has been compounded by Trump’s immediate appointments and speculation over those to come. In this conversation we review market performance in light of our fundamental views, and the extent to which the Political Noise remains relevant?

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 19th November 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

Following the emphatic victory of President-elect, Donald Trump, we take the opportunity to discuss his intended policy agenda, the market reaction and what the more durable impact on investments may be? The investment conversation covers equity markets, bonds and currencies.

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 11th November 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

Before it’s ALL eyes on the US Presidential Election we take this last, brief window to review the UK Budget. Welcoming both Ben Jones, our resident Director of Macro Research, and (special guest) Graham Hook, our Head of UK Govt relations, we discuss the raft of policy changes, the market reaction, what’s next for policy and our outlook for UK equities, gilts and the pound.

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 4th November 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

In light of the dramatic policy developments observed in China in recent weeks, this month’s podcast takes a moment to reflect on how such policies are impacting Chinese equities. Offering his expert take on whether the reaction is merited, or if the opportunity has now passed, we are delighted to welcome Will Lam, Invesco’s Co-Head of Asian Equities to the studio. Beyond macro talk, Will also offers some keen insight on specific Chinese consumer stocks, as well as the conflicting signals observed from ASML and TSMC in their most recent results. To kick off, however, Will briefly discusses the impact of psychology on how he and his team approach investment; a particularly relevant subject given the anxieties investing in Chinese equity markets have created in recent years.

This podcast is for UK Professional Investors Only. Capital at Risk.

This podcast was recorded on 21st October 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the coming days and weeks, the market’s attention will be squarely focused on political (US) and fiscal (UK) events - as will the Ben Squared Podcast! In advance of these affairs, however, we pivot to discussions on what we’ve learned from earnings season so far. Are companies beating expectations, how are share prices responding, what is the read on economic health, are management giving a steer on hiring/firing and what about AI investment? 

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 29th October 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the latest Ben Squared podcast we discuss the latest interest rate cut from the ECB, their motivations and what comes next? Along a similar theme we also reflect on recent data out of the UK and how this sets up interest rate policy for the next few meetings? Finally, we take some time to discuss the yellow metal, explaining why its riding high and why broad consumer enthusiasm may not serve as the usual contrarian indicator?

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 21st October 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the latest Ben Squared podcast we share thoughts on the latest UK data pointing to slowing aggregate wage increases, and what this could mean for the Bank of England and the pound? We also take some time to discuss the oil price which has been on the move again, before rounding out with comments on what we’re looking out for (and have already seen) from the 3rd Quarter Earnings season.

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 15th October 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.

In the latest Ben Squared podcast we share thoughts on the recent ‘blow-out’ US Jobs Report, reflecting upon its strength relative to other labour market data. We also take a moment to discuss an oil price which has been moving higher, and how this all comes together to impact interest rate expectations.

This podcast is for UK Professional Clients Only. Capital at Risk.

This podcast was recorded on 8th October 2024.

Hosted by Ausha. See ausha.co/privacy-policy for more information.