Macro Mondays

Macro Mondays | Asset Prices Making All-Time Highs. But Where’s the Risk?

On today’s show, James discusses the recent break out in the equity markets, and the huge surge higher in commodities with a particular focus on silver. Copper and Gold are at all-time highs and silver has broken out aggressively from of a key resistance level at $30, which previously acted as triple top. Nickle, Tin, Zinc, Aluminium and other metals are surging higher and even orange juice is trading at all-time highs.

Last week’s data has created some interesting moves in the markets. US CPI came in at 3.4% on expectations, confirming inflation is falling again. But on the flip side, retail sales data told us that the consumer in the US is hurting, unemployment is ticking up and the economy is slowing.

The key data to look out for this week is; Canadian CPI on Tuesday, UK CPI, Nvidia earnings, US exiting home sales and FED minutes on Wednesday, the Eurozone and UK PMIs on Thursday and US durable goods orders and UK retail sales on Friday.

If you would like to connect with any of your host, James Brodie or ask a question, you can follow him X (formally Twitter) @jamesrbrodie

Macro Mondays | Asset Prices Making All-Time Highs. But Where’s the Risk? Read More »

Macro Mondays | Watch out for CPI!

On today’s show James looks back on last week’s disappointing data, this weeks upcoming CPI data, and key levels in markets, particularly looking at equities, fixed income and also gold.

Precious metals are rallying again. The PBOC bought gold for 18th straight month in April, adding 60k Troy ounces to its reserves. In fact, Global central banks have bought 2,100 tonnes of gold in the last 2 years.

James digs into why the stocks we couldn’t stop hearing about, by the likes of Peloton, Beyond Meat, Zoom, Rivian and Lucid have fallen by up to 90%, while the S&P and Nasdaq are a fraction off making new all-time highs.

The big mover this week was again cocoa. In one week, it has seen a 1-day fall by 15%, a 1-day rally by 13%. Both are the largest 1-day swings in 65 years.

Macro Mondays | Watch out for CPI! Read More »

Macro Mondays | Weaker Data and Higher Inflation

On today’s show James discusses softening economic data out of the US, where there are murmurs of stagflation, the less hawkish Fed Chairman Powell and the weaker than expected employment data.

He also examines the big movers for this week. USDJPY with 2 rounds of intervention and cocoa has also fallen 41.5% in just 3 days. There’s no key economic data in the week ahead so the market will trend off the employment data. Geopolitical tensions also appear to be diminishing so keep an eye on the U.S. 2 year yields, the dollar index , the S&P and gold for key moves.

Macro Mondays | Weaker Data and Higher Inflation Read More »

Macro Mondays | A Booming Indian Economy

On today’s show James discusses recent mixed economic data out of the US, OIS pricing and the Yen volatility. He also dives into what’s happening with gold, silver, tech and equity markets.

Looking at recent employment data, James explains that although employment data is strong, the jobs that are being created are part time jobs and full time jobs are being lost. In fact, 1.34 million fulltime jobs have been lost, which is not a good sign for the economy…

Macro Mondays | A Booming Indian Economy Read More »

Macro Mondays with James Brodie

On today’s show James discusses recent strong economic data out of the US, OIS pricing and the US dollar strength.

He also dives into what’s happening with gold, silver and equity markets. It seems like tech stocks are crashing at the moment, with Nvidia -21.8 from ATH and Tesla down 49.4% from its all-time high.

James walks us through recent US unemployment data and lets us know the risks to watch for the week ahead.

Macro Mondays with James Brodie Read More »