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Most Recent Audio: 20 May 2022

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Friday's Audio always provides the big picture

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2022 Audio Archive

May 2022

Audio Date Play Save Content Duration
20-05-2022 Save Big Picture Long-Term Audio for the various different asset classes 52:58mins Back to top
19-05-2022 Save Dollar begins to ease as growth concerns trump inflation concerns, gold, silver, bonds and the yen also strengthen. bitcoin steadies, retailer shares extend declines, oil reverses earlier decline and natural gas remains steady, copper firms. 22.10mins Back to top
18-05-2022 Save Big Picture Long-Term Audio for the various different asset classes 22:30mins Back to top
18-05-2022 Save relief rally was short lived on Jay Powell's statement yesterday, stocks and cryptos extend decline, oil pulls back, gold steady, many instruments testing the secular 1000-day trend mean. 22:30mins Back to top
17-05-2022 Save reversionary rally underway as China suggests support for the tech sector is forthcoming, dollar, gold and oil ease, bond yields continue to rise, high yield spreads continue to trend higher. Fed remains committed to tightening. 22:26mins Back to top
16-05-2022 Save checken and egg of tightening financial conditions and buy the dip instinct, energy and grains break out, gold steadies, increased demand for bonds as growth fears mount, bitcoin closes below $30,000 23:46mins Back to top
13-05-2022 Save Big Picture Long-Term Audio for the various different asset classes 49:37mins Back to top
12-05-2022 Save Dollar breaks higher, Yen strengthen, Bond yields contract. bitcoin tests secular trend mean, stocks weak as investors price in recession risk. 19:33mins Back to top
11-05-2022 Save stagflation stalking markets, Dollar steady, bonds begin to steady, Apple & Microsoft break down and push NDX to new low, oil firms, gold steady, China begins to steady. 22:54mins Back to top
10-05-2022 Save dollar steady, bonds ease slightly, equities pause, oil and gas weak, gold testing support, discussion of a potential bull case for bonds. 18:46mins Back to top
09-05-2022 Save chicken and egg of higher yields and lower stocks. commodities pull back sharply as Chinese growth disappoints, the renminbi continues to accelerate lower and the dollar is firm, gold at potential support. 23:44mins Back to top
06-05-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h10mins Back to top
05-05-2022 Save Bank of England raises rates and is indecisive about what to do next. Pound declines, renminbi drops, gold and oil steady, stocks weak, bonds plunge bitcoin slumps 34:18mins Back to top
04-05-2022 Save BoE and Fed tighten but guidance was not as hawkish as feared. Dollar eased, stocks rebounded, Treasuries steadied. oil surged, gold steadies. Upside follow through would confirm lows of at least near-term significance for most stock markets and increase scope for reversionary rallies. 19:28mins Back to top
03-05-2022 Save stocks markets quiet ahead of Bank of England and Fed rate decisions, China rebounding on easier monetary policy, Australia weakness on tighter policy, commodities at risk from slower growth. The biggest risk to a recovery is stagflation. gold at 200-day MA, Russell 2000 at 1000-day MA. 24:23mins Back to top

April 2022

Audio Date Play Save Content Duration
29-04-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h2mins Back to top
28-04-2022 Save Japanese Yen continues to accelerate lower and weighs on all regional currencies, US growth negative but earnings boosted by Meta Platforms and Visa, gold and oil steady despite the strong Dollar. 22:33mins Back to top
27-04-2022 Save advance decline continues to trend lower, oil steady, gold weak, stocks contiue to correct, bonds stable, China bounces on renewed hope of stimulus. 22:12mins Back to top
26-04-2022 Save contagion spreading into the commodities and megacaps as correction intensifies, gold, oil and natural gas firm, shipping comapnies steady, China promises assistance but is shy on delivering as COVID spreads, Treasuries begin to steady as growth slows. 20:32mins Back to top
25-04-2022 Save China lockdowns spreading to Beijing, CSI300 down 4%. commodities pullback, Dollar surges, stocks wobble but begin to steady on China threat reducing potential for outsized interest rate hikes. 18:56mins Back to top
22-04-2022 Save Big Picture Long-Term Audio for the various different asset classes 54.23mins Back to top
21-04-2022 Save Jay Powell suggests 0.5% hike in May, stock markets pull back across the board, Dollar firm, China devaluing renminbi stock market tests March lows, FANGMANT looks susceptible to additional weakness. Vietnam weak, India firm. 22:17mins Back to top
20-04-2022 Save big divergence between tech and dividend payers, dollar eases, bonds steady, China eases with renminbi lower, Yen steadies even as BoJ defends 0.25%. 25:31mins Back to top
19-04-2022 Save bonds continue to sell off, oil, natural gas, gold, orange juice, sugar, coffee pullback, stocks begin to steady on a weaker Yuan and Yen. slowing global growth is negative for commodity demand but reduces the potential for interest rate hikes which supports stocks. 21:44mins Back to top
14-04-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h7mins Back to top
13-04-2022 Save Canada raises rates by 50 basis points, Dollar eases, gold, oil and gas firm, Wall Street steadies, Europe at risk from further war escalation 21:23mins Back to top
12-04-2022 Save gold and oil rebound, Dollar Index breaks above 100, stock markets reverse early advances, Bond yields pause, 23:25mins Back to top
11-04-2022 Save Bonds yields continue to accelerate, stocks pullback, oil closes below $100, bitcoin below $40,000, defensives continue to outperform. 24:15mins Back to top
08-04-2022 Save Big Picture Long-Term Audio for the various different asset classes 57:21mins Back to top
07-04-2022 Save banks rolling over, dollar strong, ongoing medium-term correction, bond yields accelerating but oil at support, inflation may now be peaking. 21:08mins Back to top
06-04-2022 Save $95 billion a month in QT spooks markets, oil backwardation contracts, gold steady, stock markets weak, bitcoin eases back, Australia and Canada susceptible to additional weakness too. 26:24mins Back to top
05-04-2022 Save Quantitative tightening creates deflation, stocks weak, bond yields soaring for now, jet fuel accelerating, gold and oil stable. 24:18mins Back to top
04-04-2022 Save tech stocks rebound on China compliance, oil, gold, copper steady, Dollar firms, bonds remain weak. 21:51mins Back to top
01-04-2022 Save Big Picture Long-Term Audio for the various different asset classes 55mins Back to top

March 2022

Audio Date Play Save Content Duration
31-03-2022 Save Crude oil eases, gold stable, bitcoin weak, stock markets susceptible to weakness as they pause at their 200-day MAs, Brazilian real breaks, India a beneficiary of lower oil prices, 27:36mins Back to top
30-03-2022 Save Copper and steel commonality supports infrastructure theme, bond yields ease, stocks pause, Dollar eases, yen firms, gold and gold miners firm, tight yield curve inhibits rate hike bets. 26:08mins Back to top
29-03-2022 Save inverted yield curve and recession probability within 18 months. oil and gold steady following initial declines, stocks rebound, led by the speculative sector, Europe continues to rebound with a stronger Euro, Dollar and bond yields ease. 28:46mins Back to top
28-03-2022 Save Bank of Japan intervenes, Yen falls but JGB yields remain steady, Tesla announces another stock split which boosts the Nasdaq, oil pulls back sharply on China lockdowns, Treasury yields pause, yield curve continues to invert. 22:48mins Back to top
25-03-2022 Save Big Picture Long-Term Audio for the various different asset classes 52:43mins Back to top
24-03-2022 Save gold and bitcoin rebound, oil pauses as backwardation narrows, Treasury yields steady and stocks firm, 24:58mins Back to top
23-03-2022 Save short covering rally looks tired, oil and gold firm, bonds steady, technology rotation to productivity enhancers underway. 24:55mins Back to top
22-03-2022 Save long bond rout is boosting demand for very short-term paper. risk appetite returning to speculative stocks, dividend aristocrats and emerging markets exhibit relative strength. 27:38mins Back to top
21-03-2022 Save bond yields leap higher again, oil firm, gold steadies, stock markets stable, Dollar firm, pricing power of companies is crucial to the continued resilience of stocks 24:28mins Back to top
21-03-2022 Save bond yields leap higher again, oil firm, gold steadies, stock markets stable, Dollar firm, pricing power of companies is crucial to the continued resilience of stocks 24:28mins Back to top
18-03-2022 Save Big Picture Long-Term Audio for the various different asset classes 50:47mins Back to top
17-03-2022 Save Quantitative tightening creates deflation, questions remain about the extent of China's stimulus, Renminbi is too fiirm for large stimulus and the dollar is too weak if the market actually believes supply is going to be constrained. stocks continue to stready. 18:10mins Back to top
16-03-2022 Save Fed raises rates, gold and bonds steady, stocks rebound, China announces support measures to arrest the downward acceleration in the stock market and high yield bonds, Dollar eases, Euro and Renminbi steady, Hang Seng surges, Europe and Japan firm from 1000-day MA. 20:55mins Back to top
15-03-2022 Save deep oversold conditions ahead of Fed meeting tomorrow suggest potential for a relief rally. Gold and oil at potential areas of support, bonds are also deeply oversold having priced in seven interest rate hikes. a dovish turn by the Fed would be positive for risk assets. 21:06mins Back to top
14-03-2022 Save Dollar firms as stocks, bonds and commodities fall together. Angst at the prospect of the Fed ignoring the market signal and raising rates aggressively is weighing on risk appetite. China leads on the downside as its locks down Shenzhen. 17:10mins Back to top
11-03-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h Back to top
10-03-2022 Save Bond yield continue to surge globally suggesting stagflation is being priced in. Wheat limit down again, gold and oil stable. China tech slumps, Wall Street steadies from intraday lows, 22:45mins Back to top
09-03-2022 Save relief rally underway across stock markets, oil, gold and wheat pullback to unwind short-term overbought conditions. Bund yields surge and Euro strengthens on speculation around ECB tightening, 23:37mins Back to top
08-03-2022 Save LME shuts nickel market until Friday, gold surges, stocks failed to hold bounce, bonds pull back, Dollar steady, petrorenminbi system a real possibility. 21.26mins Back to top
07-03-2022 Save Russian default probability, commodity prices surge but ease on speculation US unilateral ban on Russian oil imports will be forestalled, Dolar firm, China weak, gold shares breaking out. 27:36mins Back to top
04-03-2022 Save Big Picture Long-Term Audio for the various different asset classes 48mins Back to top
03-03-2022 Save oil susceptible to a pullback is Iranian supply comes back to market, tanker rates surge, aluminum breaks out, wheat limit up again, stocks weak, bitcoin and innovation shares pullback. 23mins Back to top
02-03-2022 Save Oil, gasoline and wheat surge, Urals crude trading at an historic discount, bonds ease and stocks rebound on Fed slow and steady interest rates normalisation, 16:54mins Back to top
01-03-2022 Save crude oil surges, wheat, corn, sugar and palm oil follow suit, bond futures surge, banks pull back sharply, gold extends its breakout and gold shares firm, stock markets pull back but recoup about half the original loss on speculation interest rates will not rise as quickly as feared only a week ago. 24:59mins Back to top
01-03-2022 Save tit for tat sanctions between the West and Russia create volatility, initial opening values not held in either direction. Bitcoin surges, gold stable, oil and renewables firm, bond yields contracting. 18.49mins Back to top

February 2022

Audio Date Play Save Content Duration
25-02-2022 Save Big Picture Long-Term Audio for the various different asset classes 47:02mins Back to top
24-02-2022 Save Russia invades Ukraine, US/EU sanctions underwhelm so iniital prices spikes are reversed, oil release from the strategic reserve negative for energy, gold steadies near $1900 but susceptible to consolidation, stocks rebound, bonds firm, Ruble steadies from its low, dollar eases from its high, 17:25mins Back to top
23-02-2022 Save Gold firms, oil pause, stocks wither, bonds ease, palladium, grains and industrial resources firm, central bank resolve in raising rates is questionable against this background. 23:46mins Back to top
22-02-2022 Save Russia/NATO brinksmanship intensifies, havens pause, stocks begin to find support amid short-term oversold conditions, oil eases from psychological $100, gold steady. 16:20mins Back to top
21-02-2022 Save Stocks weak, gold and oil firm, FANGMAN rolling over, value stocks in the resources/materials sector still struggling despite the promise of asset sales. 20:26mins Back to top
18-02-2022 Save Big Picture Long-Term Audio for the various different asset classes 50:32mins Back to top
17-02-2022 Save Gold breaks out to new recovery highs, gold shares rebound, oil slips, bonds steady, Wall Street weakens on angst over earnings growth, Dollar stable. bitcoin pulls back sharply. 27:19mins Back to top
16-02-2022 Save Gold firms, NVidia beats estimates but guidance underwhelms, oil reverses earlier gain, bond yields steady with yield curve steepening. 16:08mins Back to top
15-02-2022 Save bitcoin leads rebound in stocks, gold and oil pause, China supplies additional stimulus, 10-year yields continues to rise which is a headwind to a bigger recovery. 16:38mins Back to top
14-02-2022 Save oil and gold firm, bond yields pause near 2% and Wall Street choppy in the region of the trend mean. Mosty commodity currencies have base formations. Japanese yields testing resolve of the BoJ's yield curve control, Chinese stocks remain lacklustre. 20:56mins Back to top
11-02-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h 2mins Back to top
10-02-2022 Save bonds yields surge, TED spread negative when SOFR incorporated, risk-off reappearing as resistance encountered at the lower side of overhead trading ranges, gold, oil and copper pause. Singapore, Malaysia and Vietnam strong but will likely pause if Wall Street follows through on the downside, Dollar mixed, Yen weak 19:45mins Back to top
09-02-2022 Save copper firms in a dynamic manner, gold and oil steady, steel makers firm, coffee breaks out, soybeans firm, Dollar eases, stock markets extend rebounds and bond yields pause. 20:16mins Back to top
07-02-2022 Save bond yields remain firm, Wall Street slightly lower, China steady, India eases, gold firm, copper eases, oil stable, Chevron new high, 18.29mins Back to top
04-02-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h4mins Back to top
03-02-2022 Save Amazon earnings were positive as expected but guidance is not as strong, bond yield rising everywhere, Euro bounces back, European energy crisis is the biggest contributor to inflation, gold rebounds from intraday low, gold shares cheap. 22:49mins Back to top
02-02-2022 Save stock market bounces looks tired, Amazon reports tomorrow, bond yields at a major decision point, Dollar eases, gold steadies, energy prices remain firm, 21:59mins Back to top
01-02-2022 Save total return on Treasuries testing the secular trend, Wall Street continues to unwind short-term oversold, oil and gold steady, copper rebounds, Europe and Japan continues to benefit from lower valuations than Wall Street with stronger rebounds and smaller reactions. 21.11mins Back to top

January 2022

Audio Date Play Save Content Duration
31-01-2022 Save further evidence of growth slowing down, bond yields remains steady in the UK, rising in the UK, oil firm, the threat of stagflation reduces the potential for sharp interest hikes so gold and stocks firm. bitcoin reverses early decline. 15:59mins Back to top
28-01-2022 Save Big Picture Long-Term Audio for the various different asset classes 55:23mins Back to top
27-01-2022 Save corrective phase ongoing and Powell put probably closer to -20%. Dollar breaks out, gold weak, Japan at support, Europe and UK outperforming, value steady, semiconductors breaking down. natural gas one-day spike. 29:03mins Back to top
26-01-2022 Save Fed's hawkish tone suggests an additional correction for stocks is about to be priced in. Wall Street reverses an earlier bound, Dollar surges, gold pulls back, both oil and copper pause, Europe continues to exhibit relative strength, banks and agriculture stocks steady. 21:32mins Back to top
25-01-2022 Save Microsoft cloud growth slows and is likely to take the sheen off the Wall Street rebound. Fed meeting tomorrow and Apple earnings after the close on Thursday are additional sources of potential volatility. Gold and oil firm, India and Vietnam resilient so far. Russia pulling back sharply. 20:39mins Back to top
24-01-2022 Save Type-2 top formation completions are often followed by period of ranging. Wall Street rebounds from lows as shorts are cut ahead of Microsoft and Apple earnings and the Fed meeting Wednesday, oil steady, gold rebounds from intraday lows, Dollar steady, Renminbi firm. 18:47mins Back to top
21-01-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h5mins Back to top
20-01-2022 Save Silver cheap relative to dogecoin, Wall Street remains weak, Chinese shares rebound, Dollar and Renminbi steady, oil downside key reversal, medium-term correction more likely than end of the bull market. No chance of rates rising four times this year. 24:10mins Back to top
19-01-2022 Save bond yields pause in their advance, gold and precious metals firm, oil pauses near $90. growth stocks remain under pressure but increasingly oversold. 26.20mins Back to top
18-01-2022 Save bonds yields continue to march higher, innovation/biotech breaks lower, bank earnings disappoint, resources and dividend aristocrats outperform, gold stable, silver firm, oil breaks out. Significant uncertainty about the trajectory of Fed policy. 26:52mins Back to top
17-01-2022 Save China cuts rates, property shares rebound, commodities and banks breaking out, Bonds yields have high commonality, golds table. 17:37mins Back to top
15-01-2022 Save Big Picture Long-Term Audio for the various different asset classes 1h8mins Back to top
13-01-2022 Save Nasdaq-100 pulls back sharply, FANGMANT rollling over, bonds rebound, gold steady, Dollar at first area of support, Ivanhoe makes big promises on geophysics. 14:03mins Back to top
12-01-2022 Save the Futures Minerals Summit, natural gas and oil firm, fertilisers firm, Dollar eases and stock markets rebound. 22:46mins Back to top
11-01-2022 Save breadth improving somewhat, Dollar eases on Fed less hawkish tone, Gold and oil firm, Wall Street continues to rebound, emerging markets primed for outperformance if the Dollar continues to roll over. 22mins Back to top
11-01-2022 Save Wall Street rebounds from intraday lows. bonds pause, oil and gold steady, China omicron scare supports property stocks, is the Fed emulating the ECB in 2011? 17:20mins Back to top
07-01-2022 Save Big Picture Long-Term Audio for the various different asset classes 48:23mins Back to top
06-01-2022 Save Treasury yields continue to surge, Dollar firms, gold weak, oil breaking out, China steadies, Europe and Australia weak, Nasdaq-100 testing consistency. 19:33mins Back to top
05-01-2022 Save Treasury yields rise further, risk assets remain under pressure, defensives appreciate, gold eases, oil steady, copper pauses. 17:22mins Back to top
04-01-2022 Save 5-year yields surge eases towards the close, that helped the Nasdaq rebound, Semiconductors pared an early decline, gold and Dollar steady, Yen weak, Nikkei steady, India firm, China stable, FTSE-100 breaks out. copper firm 20mins Back to top