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Most Recent Audio: 18 June 2021

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Friday's Audio always provides the big picture

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2021 Audio Archive

June 2021

Audio Date Play Save Content Duration
18-06-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h9min Back to top
17-06-2021 Save bonds yields compress, yield curve spread continues to contract, growth returns to outperformance, Dollar strong, gold weak, China chips get a boost. 24:41mins Back to top
16-06-2021 Save Fed meeting modestly surprising, Dollar rebounds, gold weak, stocks rebound from intraday lows, China weakness weighs on emerging markets, Australia and UK sign trade deal, Pound weak. 20mins Back to top
15-06-2021 Save bonds and equities steady ahead of the Fed, copper weakens, oil firm, shipping rebounds, energing markets, Europe and Japan firm. 22:27mins Back to top
14-06-2021 Save Differing sources of inflation and how they are perceived, gold and silver rebound from intraday lows, stocks close higher, bonds ease, oil steady, quiet markets ahead of the Wednesday Fed meeting, discussion of ESG investing 21:45mins Back to top
11-06-2021 Save Big Picture Long-Term Audio for the various different asset classes 53.37mins Back to top
10-06-2021 Save Loopy year over comparisons exaggerate inflation while bonds continue to rally, Asian export prices increases are where inflation is most obvious, commodities continue to trend higher, stocks steady, oil rebounds from intraday low, banks ease and tech rebounds. 18:47mins Back to top
09-06-2021 Save discussion of inflationary pressures; monetary versus commodity and psychology, bond yields compress amid tapering bets, stocks ease, bitcoin steadies, 19mins Back to top
08-06-2021 Save bitcoin recoups intraday loss and the S&P500 does the same. big spread between call and put prices for volatility suggest appetite for hedging, gold eases, oil firm, 19:17mins Back to top
07-06-2021 Save Alzheimer Drug approved, biotech rebounds, gold steady, Peruvian Sol weakens, Mexico and Italy breaking out. Dollar weak, emerging markets firm, 29:49mins Back to top
05-06-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h6m Back to top
03-06-2021 Save gold pulls back from the psychological $1900 level. Dollar steady on Fed selling of LQD, Tech shares continue to underperform and are led lower by Tesla while Ford surges, bitcoin continues to pause below $40,000. 21:18mins Back to top
01-06-2021 Save Ex-US outperformance led by Europe and China, agricultural commodities firm, China tech cushions weakness on Nasdaq, oil testing upper side of its range. 20:47mins Back to top

May 2021

Audio Date Play Save Content Duration
28-05-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h6mins Back to top
27-05-2021 Save Pound appreciates, Yen among the weakest currencies, gold steady, meme stocks continue to rebound, ex-US to outperform on weak Dollar. 22:07mins Back to top
26-05-2021 Save stocks quiet but meme shares perk up, profit motivation threatened at major oil companies, many Asian markets have been ranging for a decade and would bene4fit from a breakdown in the Dollar. 21:27mins Back to top
25-05-2021 Save Dollar weak, Treasuries firm, Wall Street eases, China breaks out, Renminbi firm, lumber toppy, bitcoin weak, ex-US outperforming 19:49mins Back to top
24-05-2021 Save oil and stocks firm, renewables steady, gold eases, China steadies, commodities hold gains, bitcoin rebounds 18:41mins Back to top
20-05-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h7m Back to top
19-05-2021 Save bitcoin volatility and bounces, accelerated trends unwinding overbought conditions, Treasury yields rise, standing repo facility confirmed, stocks steady from intraday lows and VIX reverses earlier advance. 22:31mins Back to top
18-05-2021 Save Dollar testing the lows of a long-term range versus many currencies, Bund yields rise, accelerated trends unwinding overenthusiasm in all asset classes, gold steady, oil eases. ASEAN picking up interest. 21:08mins Back to top
17-05-2021 Save cryptocurrencies had a tough weekend, gold resurgent, gold miners break their downtrend, mega cap stocks continue to underperform, Dollar on cusp of breaking lower which supports non-US assets, 21mins Back to top
14-05-2021 Save Big Picture Long-Term Audio for the various different asset classes 52:45mins Back to top
13-05-2021 Save cryptocurrencies pull back sharlpy, gold steadies, growth underperforming value, bonds steady, accelerated commodity trends at least pause, lumber limit down four days in a row. 20:10mins Back to top
12-05-2021 Save stocks and bonds fall together spurs volatility bets as inflationary fears are priced in. Semiconductors follow innovation stocks lower, bitcoin weak, gold eases back, oil stable. value outperforms growth amid risk-off sentiment. 21:01mins Back to top
11-05-2021 Save Inflationary signals from around the world are mixed, lumber limit down again, oil steady, gold rebounds from intraday lows, so does Wall Street, Nikkei-225 at lower side of the range. 28:02mins Back to top
10-05-2021 Save 2020 winners under pressure, short-term overbought conditions in lumber, iron ore and copper, Dollar weak, Pound firm, Australia breaking out. 24:30mins Back to top
07-05-2021 Save Big Picture Long-Term Audio for the various different asset classes 57:41mins Back to top
06-05-2021 Save rotation away from stay at home champions and into real world stuff, FTSE-100 breaks higher, Gold and silver strong, copper continued to hit new highs, oil steady, 20mins Back to top
05-05-2021 Save commodities bull markets follow recessions, tech stocks pause with stay at home companies turning into losers. Big changes among founder led companies, India steady, 22:17mins Back to top
04-05-2021 Save speculative sectors at short-term potential support, consumer staples outperform, Dollar steadies, oil and industrial resources firm, lumber accelerating again, bitcoin and ethereum weak. 23:20mins Back to top

April 2021

Audio Date Play Save Content Duration
30-04-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h Back to top
29-04-2021 Save gold, bonds and stocks both rebound from intraday lows, oil steady overbought conditions remains evident. 20:44mins Back to top
28-04-2021 Save Dollar top formation, Bitcoin pauses at 50-day MA, stocks continue to pause, industrial metals remain firm but agriculture pauses from overbought conditions. 21:20mins Back to top
27-04-2021 Save Yen weakens, commodity rebound continues, stocks steady, oil stable, ecommerce bounces, asian banks strong 17:31mins Back to top
26-04-2021 Save Upside key reversal on bitcoin confirms near-term support, stocks steady, Dollar eases, China weighing on tech, shipping rates breakout, copper at new decade high, 26:45mins Back to top
23-04-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h 4mins Back to top
22-04-2021 Save capital gains tax increases and where pressure will be felt, agriculture commodities continue to firm, oil stable, 21 mins Back to top
21-04-2021 Save short-term versus long term supply inelasticity discussed, gold and silver rebound, bitcoin weak and ethereum firm, lumber steady, commodity currencies resurgent. 24:12mins Back to top
20-04-2021 Save stock markets pausing, lumber downside key reversal, risk appetite waning, agriculture commodities remain firm, bonds and gold firming, India rupee weak 17:11mins Back to top
19-04-2021 Save bitcoin pulls back sharply to threaten the uptrend and increase risk of contagion, Dollar falls, with Pound testing the psychological $1.40, gold steady, 19:43mins Back to top
16-04-2021 Save Big Picture Long-Term Audio for the various different asset classes 53:48mins Back to top
15-04-2021 Save commonality between sovereign bond futures, gold and growth stocks, global supply chain snarls + geopolitics favour Taiwan, Mexico and India, oil steady, commodity currencies firming. 22:45mins Back to top
14-04-2021 Save Bitcoin pauses following Coinbase IPO, Wall Street susceptible to some consolidation, Moderna firms, Russia bounces with oil and geopolitical tensions easing, emerging Europe firm, Euro firm, Bunds weak, Treasuries steady. 22:55minsd Back to top
13-04-2021 Save cryptocurrencies breakout, nasdaq hits a new high, China lagging, Europe steady, Bonds firm, Asian currency ease while commodity currencies firm, 21:53mins Back to top
12-04-2021 Save impatience evident in economic, social and geopolitical spheres, China rolling over, Europe and Wall Street continue to exhibit relative strength, gold steady. 20:45mins Back to top
09-04-2021 Save Big Picture Long-Term Audio for the various different asset classes 56:23mins Back to top
08-04-2021 Save gold, large cap tech and bond prices rebound, Dollar eases back, global stock markets steady on renewed faith the Federal Reserve is not about to raise rates. 23:33mins Back to top
07-04-2021 Save bitcoin continuers to pullback, Wall Street pauses, large caps outperform small caps when yields falls, China weak, Rupee weak but Indian market steady, Pound pulls back but UK stocks up,, Lumber extends uptrend, 22:25mins Back to top
06-04-2021 Save commodities continue to firm with agriculture playing catch up, stocks pause after strong Monday performance, bond yields continue to compress, gold firm, defensives/quality outperforming. Growth steadying. 25:21mins Back to top
01-04-2021 Save Big Picture Long-Term Audio for the various different asset classes 55:44mins Back to top

March 2021

Audio Date Play Save Content Duration
31-03-2021 Save stimulus plans spur risk-on move. Large caps rebound, bonds ease, gold rebounds, oil eases, renewable infrastructure benefits, Stock indices hitting new highs as they price in a boom. 26:13mins Back to top
30-03-2021 Save Dollar strong, Gold weak, bonds trim declines to new lows, Wall Street quiet, Europe firm, Japan quiet, high yield spreads at new low, financials firm. 26:41mins Back to top
29-03-2021 Save liquidation of hedge fund assets raises single stock volatility but less evidence of contagion, gold weak, stay at home champions under pressure, China tech at support, bond yields continue to trend consistently higher. 18:12MINS Back to top
26-03-2021 Save Big Picture Long-Term Audio for the various different asset classes 50:20mins Back to top
25-03-2021 Save Dollar strengthens on growth and yield outlook, treasuries at first area of resistance, Wall Street quite, China risk rising for global brands, bitcoin becoming inconsistent, 21:02mins Back to top
24-03-2021 Save Dollar strengths on strong US recovery, China weak on waning policy support, Japan weak on less central bank support, Euro weak on renewed pandemic threat. mean reversion remains the clearest theme. 29:10mins Back to top
23-03-2021 Save oil unwinds its overbought condition, bond yields contract. that boosts tech but weighs on reflation trades. China tech at trend mean, no contagion from Turkey in emerging markets, mean reversion is the order of the day. 14:30mins Back to top
22-03-2021 Save Nasdaq rebounds as Treasuries show a modicum of steady trading, Turkish Lira volatile takes a toll on Eurozone banks, gold and oil steady, Japan weak, China steady, commodity producers steady. 23:38mins Back to top
19-03-2021 Save Big Picture Long-Term Audio for the various different asset classes 56:07mins Back to top
18-03-2021 Save Bond market gives no credence to dovish Fed commentary, growth and innovation plays sell off, cyclicals continue to exhibit relative strength, oil pulls back, gold steady, bitcoin fails to hold $60K. 20:50mins Back to top
17-03-2021 Save Fed stands pat, believing inflation is transitory. Risk assets rebound, bonds steady, gold steadies, oil eases, homebuilders and lumber continue to trend higher. 24:17mins Back to top
16-03-2021 Save bond yields continue to trend higher and represent a growing headwind for growth, global reflation candidates continue to outperform, gold and oil stable, palladium surges on mine issues. renewables ease. 23mins Back to top
15-03-2021 Save bitcoin pulls back, Yen weakens, banks outperform, China weak, commodity currencies firm, Wall Street firm on stimulus, bonds stable. 23:19mins Back to top
12-03-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h5m Back to top
11-03-2021 Save Dow Theory suggests a new bull market but short-term overbought, ECB yield curve control, Dollar weakens on stimulus passing, value opportunities in Asia rebounding, Europe STOXX 600 on cusp of breaking out. 22:18mins Back to top
09-03-2021 Save bond price decline pauses, risk assets rebound on stimulus and global reflation hopes. solar, wind, innovation, follow bitcoin's rebound. Dollar eases back, Asia rebounding, China lagging in the rebound so far. 22:35mins Back to top
09-03-2021 Save bond price decline pauses, risk assets rebound on stimulus and global reflation hopes. solar, wind, innovation, follow bitcoin's rebound. Dollar eases back, Asia rebounding, China lagging in the rebound so far. 22:35mins Back to top
08-03-2021 Save Renminbi breaks down, Euro tests MA, Brazilian Real breaking down, DAX breaks out, Nasdaq leads on the downside because of interest rate sensitivity, bonds yields remains high, commodities weak. 21:38mins Back to top
05-03-2021 Save Big Picture Long-Term Audio for the various different asset classes 55:56mins Back to top
04-03-2021 Save Fed not yet ready to provide additional assistance so yields bumped back up, tech/innovation stocks pulled back, oil firm on OPEC supply control, gold weak on stronger Dollar. bitcoin eases back 23:39mins Back to top
03-03-2021 Save Bond yields continue to trend higher, stock markets beginning to feel the effects, oil and banks steady, gold weak, bitcoin steady. 22:03mins Back to top
02-03-2021 Save gold steadies at $1700, highly leveraged instruments continue to pullback, China tightens policy to curtail bubble risk, bonds yields and Dollar weaken. 18:46mins Back to top
01-03-2021 Save stocks markets start the month in positive territory, bond yield compression paused, metals prices pause, Chinese renminbi static, fragile emerging currencies weak, 16:26mins Back to top

February 2021

Audio Date Play Save Content Duration
26-02-2021 Save Big Picture Long-Term Audio for the various different asset classes 53:10mins Back to top
25-02-2021 Save Treasury yields spike higher, stcocks and bonds pause, oil eases, gold weak, bitcoin steady yield curve steepening. 21:01mins Back to top
24-02-2021 Save Buyers return after a small dip encouraged by central bank statements, bonds yield continue to trend higher even if they are somewhat oversold, oil firm, gold steady, copper strong. 18:36mins Back to top
23-02-2021 Save Will speculators buy the dip in bitcoin, innovation, large cap growth? industrial resources remain firm, agriculture resurgent, emerging market steady 25:09mins Back to top
22-02-2021 Save further rotation out of stay at home winners into reflation candidates, yield curve spread expends, oil and Pound extend recovery, 25:03mins Back to top
19-02-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h1m Back to top
18-02-2021 Save Vietnam continues to rebound, South Korea pauses, Semiconductor demand remains firm, China eases and Renminbi weakens, copper extends rally, gold and silver remain stable but need a catalyst, bitcoin steady, ethereum breaks out, commodity currencies continue to rebound. 21:31mins Back to top
16-02-2021 Save bond yield break out globally. that brings forward the decision on yield curve control. Stocks ease, gold weak, copper and oil firm. 21:23mins Back to top
12-02-2021 Save Big Picture Long-Term Audio for the various different asset classes 59mins Back to top
11-02-2021 Save Bitcoin and altcoins continue to firm, stock markets steady, bonds ease, Dollar remains susceptible to additional weakness, oil steady oil services potentially bottoming. 29:50mins Back to top
09-02-2021 Save Dollar weak, commodities firm, Bonds steady, China and Japan firm, emerging markets outperforming, liquidity continues to fuel demand for IPOs. 24:33mins Back to top
08-02-2021 Save Some of the topics discussed include: investors continue to migrate to Asia, oil firm, commodities continue to rebound, Treasury yields test the psychological 1.2% area, Wall Street firm, gold steady, 24:57mins Back to top
05-02-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h4mins Back to top
04-02-2021 Save Wall Street firm with small caps leading, gold and precious metals weak, emerging markets steady, investors giving the benefit of the doubt to countries that are likely to come out of the pandemic quickest, bond yields continue to rise for these countries with Gilts breaking on the upside and the Dollar strengthening. 20:21mins Back to top
03-02-2021 Save Bitcoin continues to rebound and is led by Ethereum, silver steadies, stocks pause, Dollar steady, Emerging Markets ETF rebounds, Treasury yields continue to rise. 23:37mins Back to top
02-02-2021 Save ethereum hits new all-time high, bitcoin playing catch up, silver pulls back as margin requirements are hiked, India fiscal stimulus announced, stock markets steady, bonds ease, Dollar firms. 20:32mins Back to top
01-02-2021 Save precious metals rebound but silver does not hold the intraday peak, Dollar strengthens on Chinese easing, Wall Street and global markets rebound, bonds yields compress and VIX contracts. 24:45mins Back to top

January 2021

Audio Date Play Save Content Duration
29-01-2021 Save Big Picture Long-Term Audio for the various different asset classes 59.48mins Back to top
28-01-2021 Save bonds yields rebound from 1%. monetary conditions still accommodative, stock markets steady, silver and ethereum outperform gold and bitcoin, Vietnam pulls back on rising cases. 22:19mins Back to top
27-01-2021 Save short covering rallies in retail favourites, mania or reversion to the mean, Dollar carry trades unwind puts pressure on risk assets. ECB jawboning effective in the short term. 19:17mins Back to top
26-01-2021 Save China tightens liquidity, SPACs beginning to lose momentum, mega-caps continue to outperform, bonds yield compress, Dollar weak, oil and gold steady. 26:07mins Back to top
25-01-2021 Save jump in demand for save haven assets as volatility in stock markets picks up. Europe eases, China firm, India pauses, gold steady, biotech continues to trend higher. Ethereum outperforming Bitcoin 18:31mins Back to top
22-01-2021 Save Big Picture Long-Term Audio for the various different asset classes 1h Back to top
21-01-2021 Save bitcoin and ethereum correction, stock markets firm and increasing evidence of bases being completed around the world, bonds remain a risk for buyers, 23:18mins Back to top
20-01-2021 Save Gold rebounds, yield curve control going global, Mega caps starting to play catch up with small caps, credit demand growth coming, base formation completion in tech, 26:34mins Back to top
19-01-2021 Save Megacaps have reverted to the mean, emerging markets continue to outperform, mainland to HK rotation, commodities steady, 16:40mins Back to top
18-01-2021 Save Discussion of secular bull and bear markets and where different markets lie in that continuum. 21:30mins Back to top
15-01-2021 Save Big Picture Long-Term Audio for the various different asset classes 59:04mins Back to top
14-01-2021 Save financial repression and bond yields, mega-caps susceptible to additional weakness, small caps, Europe, Japan, emerging and commodities continue to outperform, gold stable, bitcoin pauses at $40K. 26:15mins Back to top
13-01-2021 Save commonality in soft commodities, Dollar steady, bond yield compress, financial conditions still accommodative, gold stable, stock markets steady. 24:38mins Back to top
12-01-2021 Save commodities breaking out across the board, Treasury yields pause in the region of the March peak, pandemic successes overbought but still steady, 23:33mins Back to top
11-01-2021 Save bitcoin wobbles, rotation out of mega-cap tech underway, Dollar unwinds short-term oversold, Treasury yields extend advance, Fed talking market down. virus success markets outperforming. 21:32mins Back to top
08-01-2021 Save Big Picture Long-Term Audio for the various different asset classes 55:16mins Back to top
07-01-2021 Save liquidity fuelled rally persist with bitcoin, Tesla and Wall Street pushing to new highs, Dollar steadies, strong commonality in bond yields rising outside of China. 23:35mins Back to top
06-01-2021 Save Democrat clean sweep points to outperformance of cyclicals, mega-caps continue to weaken, gold eases. emerging markets and UK firm, Dollar remains weak, bitcoin extends uptrend. 22:34mins Back to top
05-01-2021 Save commodities continue to outperform, Dollar weak but Chinese renminbi overbought, Wall Street continues to pause. oil rebounds and copper steady, commodity currencies resurgent. 23:53mins Back to top
04-01-2021 Save yield curve steepens, financial repression fuels the precious metal and crypto rally, China firm, Wall Street weak 22:18mins Back to top