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Most Recent Audio: 09 April 2020

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Friday's Audio always provides the big picture

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2020 Audio Archive

April 2020

Audio Date Play Save Content Duration
09-04-2020 Save Big Picture Long-Term Audio for the various different asset classes 57mins Back to top
08-04-2020 Save Stocks extend rebound on optimism the worst is over, oil steady amid improving sentiment,. UK mid caps outperforming again. 25:34mins Back to top
07-04-2020 Save stocks markets fail to hold intraday gains amid a short-term overbought condition, gold arbitrage narrows, oil steady, bonds ease, tech continues to outperform. 30mins Back to top
06-04-2020 Save FAANGs outperform by a wide margin while other markets unwind deep oversold conditions, mortgage servicers under extreme pressure increases chance of additional stimulus, Dollar steady but gold outperforming. bond ease. 33.19mins Back to top
03-04-2020 Save Big Picture Long-Term Audio for the various different asset classes 58mins Back to top
02-04-2020 Save oil rebounds and gold firms, stocks stead but big difference emerging between investment grade and non investment grade bonds and equities. 31:23mins Back to top
01-04-2020 Save high leverage will lead to bankruptcies, FAANGs/tech have retained relative strength but everything else has a high degree of commonality. gold steady, stock market short covering rally fading, 29:25mins Back to top

March 2020

Audio Date Play Save Content Duration
31-03-2020 Save stock markets ease on the last day of the quarter, gold and oil ease, bonds firm, deep and short versus deep and long recession risk discussion of the prospects for dividend growth stocks. 30mins Back to top
30-03-2020 Save Polarity between winners and losers continues to expand, oil breaks lower, gold steady, bonds ease, stocks follow through on the upside. tech and dividend aristocrats leading. 29:11mins Back to top
30-03-2020 Save Polarity between winners and losers continues to expand, oil breaks lower, gold steady, bonds ease, stocks follow through on the upside. tech and dividend aristocrats leading. 29:11mins Back to top
27-03-2020 Save Big Picture Long-Term Audio for the various different asset classes 1h2m Back to top
26-03-2020 Save upside key reversals for the Dow, S&P500 and Nasdaq-100, Microsoft and Apple, VIX Index moderating, Dollar falling as epic money priniting kicks off, gold firm, TED spread still expanding, 28:08mins Back to top
25-03-2020 Save attention turns to buybacks as details of fiscal package emerge, palladium surges and is now short-term overbought, Dollar eases versus Euro and Pound, stock markets extend rebounds but Wall Street fails to hold intraday high, bonds steady but high yield spreads are elevated and the TED spread is still expanding. 31:09mins Back to top
24-03-2020 Save potential for a reversionary rally has increased substantially but pressure on corporate balance sheets will remain as a scramble to retain investment grade credit ratings begins. Gold surging on flagrant devaluation of fiat currencies. 28:32mins Back to top
23-03-2020 Save Fed to buy corporate bonds, Australian QE, synchronised global monetary and fiscal stimulus, stock market s very oversold and dividend aristocrat yields at historic highs, oil stocks extremely oversold, gold and silver firming on currency debasement fears. 29:38mins Back to top
20-03-2020 Save Big Picture Long-Term Audio for the various different asset classes 55:37mins Back to top
19-03-2020 Save Tightening credit markets sap enthusiasm for a short covering rally, gold eases, Bunds weak, peripheral European debt surges, Emerging market currencies weak, wheat firming. 24:52mins Back to top
18-03-2020 Save risk parity leverage imploding which is contributing to volatlity in everything. Pound and Norwegian Krone accelerate lower, oil remains weak very oversold conditions but recession risks rising. 20:56mins Back to top
17-03-2020 Save Short-term bounce looking increasingly likely, Gold shares extend rebound, gold steady, oil weak, Wall Street steady, Dollar firm, China relative strength, beginning of market differentiating on value. 24:15mins Back to top
16-03-2020 Save Fed announces stimulus, precious metals near-term low, stock markets continue to extend declines, bonds steady, Euro firms, commodities at new lows which pressures commodity markets. 36.05mins Back to top
14-03-2020 Save Big Picture Long-Term Audio for the various different asset classes 58:06mins Back to top
12-03-2020 Save Central banks fail to placate investor fears, Wall Street declines further. solvency issues coming to fore with overvaluation, leverage and liquidity issues all coming to the fore, India breaks down, cloud following the market down. 27.49mins Back to top
11-03-2020 Save bonds and equities sell off together, S&P500 in the region of the 1000-day MA, oil and gold weak, Dollar steadies, fallout from the coronavirus is promoting massive monetary and fiscal stimulus but it has yet to gain traction in asset prices. 20:40mins Back to top
10-03-2020 Save Massive monetary and fiscal stimulus in the pipeline, stocks begin to unwind short-term oversold conditions, Oil steadies, bonds ease, Dollar surges against Euro and yen, gold eases 26:37mins Back to top
10-03-2020 Save Massive monetary and fiscal stimulus in the pipeline, stocks begin to unwind short-term oversold conditions, Oil steadies, bonds ease, Dollar surges against Euro and yen, gold eases 26:37mins Back to top
09-03-2020 Save Recession risk, massive reactions against the prevailing trend, oil price war between Russia and Saudi Arabia. the coronavirus and monetary and fiscal stimulus. 34:47mins Back to top
06-03-2020 Save Big Picture Long-Term Audio for the various different asset classes 1h Back to top
05-03-2020 Save Transportation, Banks and Mid Caps weak, gold, bonds, Euro and Yen strong, China outperforming, India steady, 28:17mins Back to top
04-03-2020 Save interest rate sensitive sectors outperform as Canada follows other central banks in cutting interest rates. Wall Street rebounds on fiscal stimulus, Joe Biden's electoral success supports markets, gold and oil quiet, Bond prices very overbought. 23:47mins Back to top
03-03-2020 Save global liquidity provision increases with interest cuts from Australia and the USA, gold firm, oil steadies, Treasury futures at a new high, Dollar weak, Indian Rupee breaks lower, 24.12 mins Back to top
02-03-2020 Save Short covering rally underway based on expectations for synchronised global monetary and fiscal stimulus. Wall Street surges, Euro firm, upside key reversal on oil, gold steady, bonds overbought. 22:31mins Back to top

February 2020

Audio Date Play Save Content Duration
28-02-2020 Save Big Picture Long-Term Audio for the various different asset classes 55:34mins Back to top
27-02-2020 Save stock market sell-off intensifies with major indices in the region of their trend means. gold quiet, oil weak, high yield spreads widening, Treasuries firm, unwinding of carry trades is boosting the Euro and Yen. 27:43mins Back to top
26-02-2020 Save Coronavirus containment versus contagion, stocks remain weak with many indices in the region of their trend means, oil at a new low, gold steady, bonds remain firm, South Korea Banks accelerating lower, Hong Kong introduces helicopter money. 21:35mins Back to top
25-02-2020 Save consistency of the decade-long uptrend, coronavirus repercussions, Bond yield compress, oil weak, unwinding of carry trades, gold eases, 31mins Back to top
24-02-2020 Save Coronavirus spread accelerating outside of China, stock markets in risk off mode, carry trade currency steady, gold extends advance, gold shares break out, bond yields at record lows, bond - equity yield spread back at prior support. 21:09mins Back to top
21-02-2020 Save Big Picture Long-Term Audio for the various different asset classes 53:18mins Back to top
20-02-2020 Save gold extends its breakout, bond yield compress, the green bubble continue to inflate, Wall Street increasingly overextended, clear trend of competitive currency devaluation and parallels with late 1990s. 25mins Back to top
19-02-2020 Save Yen and Euro weakness fuel carry trades while the prospect of Chinese stimulus fuels speculative interest. Gold and precious metals breaking out, oil following through on the upside, Wall Street firm, high valuation companies surge, 24:16mins Back to top
18-02-2020 Save Asia weak following Apple earnings but Wall Streets recovers on Wal-Mart guidance, gold breaks out, palladium breakouts, coronavirus priced for perfection amid increasing evidence of a peak in new cases. 22:54mins Back to top
17-02-2020 Save potential for synchronised monetary and fiscal stimulus continues to support asset prices, it is also feeding short positions in the Euro and Yen while supporting the Dollar, gold and treasuries. 16:37mins Back to top
14-02-2020 Save Big Picture Long-Term Audio for the various different asset classes 1h3mins Back to top
13-02-2020 Save Palladium and gold firm, stock markets steady, Euro weak probably on carry trading, bonds steady, oil steadies for a second day, China stable. 20:39mins Back to top
12-02-2020 Save Markets pricing in monumental Chinese stimulus, Wall Street at new high, Europe breaking out, China remains firm, Euro weak, gold steady, oil steadies. 19:18mins Back to top
11-02-2020 Save Reporting of Coronavirus cases, Wall Street susceptible to consolidation, oil and copper steady, gold steady, renewable energy stocks outperforming significantly. 19:08mins Back to top
10-02-2020 Save Political Populism continues to gain ground, monetary and fiscal stimulus goes viral, accelerations in liquidity fuelled bull markets. 24:39mins Back to top
10-02-2020 Save Political Populism continues to gain ground, monetary and fiscal stimulus goes viral, accelerations in liquidity fuelled bull markets. 24:39mins Back to top
07-02-2020 Save Big Picture Long-Term Audio for the various different asset classes 1h Back to top
06-02-2020 Save Will the coronavirus spur inflationary forces, continued monetary and fiscal stimulus spur stock markets, bond yields, gold steady, palladium weak. Europe, China, Japan firm. 19:41mins Back to top
05-02-2020 Save Tesla pulls back, biotech firming and fertiliser shares improving with cyclicals China steady, Treasuries pause at 1.5%. India firms, 21:38mins Back to top
04-02-2020 Save inverted yield curve and its ramifications, Tesla looking increasingly climactic, China rebounds which support commodities but oil still weak on oversupply, 22:41mins Back to top
03-02-2020 Save Tesla clearly accelerating, oil prices break downwards, copper fails to hold intrady rally, CSI300 drops to mirror the decline in H-Shares last week, China ramps up liquidity, Wall Street steadies, Gold eases. 25:23mins Back to top

January 2020

Audio Date Play Save Content Duration
31-01-2020 Save Big Picture Long-Term Audio for the various different asset classes 52mins Back to top
30-01-2020 Save stock markets rebound following WHO announcement, Hong Kong shares extend pullback ahead of the mainland markets reopening Monday, Negative yielding debt total increases to $13 trillion, high yield spreads pop on the upside. oil and gold steady. 26:51 mins Back to top
30-01-2020 Save Wall Street eases, Hong Kong pulls back, gold pause, Bitcoin holds breakout, risk of further consolidation from slowing virus related economic activity but that also boosts the prospect of additional stimulus. 17:54 mins Back to top
28-01-2020 Save promise of Chinese stimulus ahead of Hong Kong reopening lifts risk appetite. silver pulls back, oil steadies, stocks rebound, bonds ease. Risk of mean reversion is still present. 27:13mins Back to top
27-01-2020 Save Coronavirus news likely to get worse before it gets better. demand for safe havens jumps but stock markets down less than they could have been which suggests hedging. oil short-term oversold, Treasuries firm 16:13mins Back to top
24-01-2020 Save Big Picture Long-Term Audio for the various different asset classes 1h 3mins Back to top
23-01-2020 Save what are the most credible risks to markets, continued surge in liquidity and where the opportunities lie. 21:29mins Back to top
22-01-2020 Save Acceleration as a trend ending, the evolution of a mania, the progression of markets following an inverted yield curve. palladium's acceleratoin, Wall Street steady, bonds stable, Dollar eases, China steadies, India weak. 24:11mins Back to top
21-01-2020 Save Boeing trading halted, Hang Seng pulls back sharply, Wall Street and global markets steady, gold holds the $1550 area, Treasuries firm, Dollar and Yen steady, risk of some consolidation on Wall Street is rising but no sign of its yet amid continued monetary largesse. 22.36mins Back to top
20-01-2020 Save Downgraded growth in India leads to downside key reversal, Europe steady, Euro weak, gold steady, oil fails to hold initial strength, cocoa resurgent, grains and beans steady 18:21mins Back to top
17-01-2020 Save Big Picture Long-Term Audio for the various different asset classes 52.07mins Back to top
15-01-2020 Save muted stock market response to trade deal, gold steady, Gilt yields compress, China eases, industrial metals firm, bull markets change the fundamentals. 22.38mins Back to top
14-01-2020 Save risk-on environment supported by global liquidity is spurring demand for high yield bonds, some of last year's worst performing tech ventures, gold remains steady and accelerating trends in the stock market persist at least for now. 24:31mins Back to top
13-01-2020 Save momentum remains a significant force with stock markets almost universally breaking on the upside and led by large cap tech, global reflation trade gaining traction with Dollar weak, gold and Treasuries easing. 19:03mins Back to top
10-01-2020 Save Big Picture Long-Term Audio for the various different asset classes 58mins Back to top
09-01-2020 Save Bigger Asian markets playing catch up. Europe also steadies, oil steady, Dollar at first area of resistance, Wall Street breaks out. 22:37mins Back to top
08-01-2020 Save Geopolitical tensions easing leads to all change in safe have assets, key reversals in oil and US Treasuries, stock markets breakout, changing geopolitical calculations suggest a more belligerent US is inevitable. 19:13mins Back to top
07-01-2020 Save stock markets steady, gold holds its break out, discussion of monetary phenomena and electric cars and lithium. 24:15mins Back to top
06-01-2020 Save Monetary policy beats most factors most of the time, Wall Street recoups early loss, precious metals concede early gains, Treasuries soft, oil failed to hold early gain, 24:16mins Back to top
03-01-2020 Save Big Picture Long-Term Audio for the various different asset classes 49mins Back to top
02-01-2020 Save China breaks out, India at new highs, gold firm, oil eases, Wall Street at new all-time highs, Dollar steadies, Bonds pause and high yield spreads compress meaningfully. 25:45mins Back to top