Maggie Lake Talking Markets

Michael Howell, managing director of Cross Border Capital, joins Maggie Lake to discuss the liquidity landscape, the US' debt problem, and why inflation remains a major threat. He shares how the Fed and Treasury are manipulating bond yields, explains the return of a different kind of bond vigilante, warns of the risks of rising bond market volatility, and discusses why China's economic stimulus ma...

Animal spirits were released in a week which saw Donald Trump win the US election and the Fed deliver another rate cut. Maggie Lake sat down with Julian Brigden, Head of Research at Macro Intelligence 2 Partners, to discuss whether the knee-jerk rally in risk assets can continue. Julian also talks about the economic impact of Trump 2.0, the risks posed by inflation and why American exceptionalism...

US stocks, the dollar, and crypto all rallied in the wake of Donald Trump's decisive win, but what happens from here? Maggie Lake sat down with Tony Greer, Editor of The Morning Navigator newsletter to talk about which Trump trades investors should ride higher and which to fade. They also discussed the outlook for commodities and whether the jump in bond yields signals trouble ahead. Don't miss ou...

Trust has evaporated, people are angry and Dee Smith the CEO and Founder of Strategic Insight Group argues this is about something much bigger than the US election. In this conversation Dee, who has spent decades advising companies and governments on risk, warns of a world that is at a dangerous tipping point. This conversation is non-partisan, terrifying at times, but also hopeful. What should a...

Rick Rule thinks precious metals and natural resources stocks are poised for a decade long rally, but the road higher will be full of twists and turns. Maggie Lake sat down with the CEO and Founder of Rule Investment Media, a long time gold bull, to talk about the speed and pace of the rally. He also discusses the earnings outlook for miners, the crowded trade in uranium and the trade that is so c...

Ed Yardeni, president of Yardeni Research, sees a bright future for the US economy and stock market - though with a few rain clouds along the way. In conversation with Maggie Lake, he explains why he thinks inflation fears are overblown, how China's recession is benefiting the US, and why productivity gains are driving a new economic boom. Yardeni also discusses the return of the bond vigilantes,...

US non-farm payrolls came in much weaker than expected and that's not the only sign of trouble for the US economy. Maggie Lake sat down with Jeff Snider, host of The Eurodollar University, who believes the US economy is already sliding into recession. For confirmation Jeff says look no further than the short-end of the bond market which signals more rate cuts to come. Jeff also takes on the critic...

"Be prepared for a populist, protectionist, America first ideologue, no matter who wins the election." Jacob Shapiro, Head of Geopolitical and Macro at The Bespoke Group, sat down with Maggie Lake on October 30th to discuss the global implications of the upcoming election. As always, Jacob has his eye trained where others aren't. Most interesting were his takes on the power vacuums a more insular...

Are bond investors losing faith in the Fed? Maggie Lake sat down with Michael Kao, CEO of Akanthos Capital Management, who thinks the recent run up in bond yields is a sign investors are worried about inflation and think the Fed is making a mistake by cutting interest rates. Michael also weighed in on the election, oil prices why investors should beware of the underappreciated risks around gold an...

With a tightly contested US presidential election just over a week away and geopolitical tensions high investors are understandably looking for ways to protect their money, but what asset class provides that? Maggie Lake sat down with Noelle Acheson, author of the Crypto is Macro Now substack newsletter, to talk about why gold and Bitcoin may be better safe havens than bonds right now. They also l...

US stocks have been selling off as investors nervously watch treasury yields march higher. What is the bond market afraid of? Maggie Lake sat down with Tommy Thornton, Founder of Hedge Fund Telemetry to discuss the volatility in bonds. Tommy thinks investors are nervous about the election, nervous about inflation and think the Fed was wrong to cut rates aggressively in September. He is worried a b...

David Rosenberg, Founder of Rosenberg Research, is a well known bond bull, but the upcoming US election and massive fiscal spending have him nervous. Maggie Lake sat down for this extended conversation with David who talks about what he got wrong in the last year, what he is worried about looking ahead to 2025 and why he thinks retirees are way too over-exposed to equities. Don't miss out on futur...

You don't want to trade the election, but you might want to take out a little insurance, especially if you are counting on a Trump win. Maggie Lake sat down with Kevin Muir, author of the Macro Tourist newsletter to talk about the risks around the US election and why investors should beware group think. He also lays out his bear case for bonds, bull case for gold and some unexpected opportunities...

The massive amounts of energy needed to fuel the growth of artificial intelligence is about to fundamentally reshape global energy markets. Maggie Lake sits down with Doomberg, author of the widely followed energy Substack to talk about his views on oil, natural gas, geopolitical tensions, and China's supply chain dominance. Don't let the humorous green chicken avatar fool you, Doomberg lays down...

US stocks notched up their sixth straight week of gains and some believe investors are starting to position for a Trump victory in the election. Maggie Lake sat down with Mish Schneider, Chief Strategist at MarketGauge.com who warned that may not be a straight forward bet. Mish gave her outlook for yields, fielded live questions on a range of different assets including gold and silver and talked a...

US stocks finished at record highs again, but is there danger lurking ahead? Maggie Lake sits down with community favorite Dale Pinkert, trading coach at TradeGateHub, to talk about the sustainability of this bull market. Dale taps into his years of experience and mastery of charts to look at which markets are vulnerable and which might power ahead in a time of political uncertainty. Spoiler alert...

Andy Constan, CEO and CIO of Damped Spring Advisors spent years honing his investment skills at some of the world's most prestigious firms (Bridgewater, Brevan Howard) so when he talks, we listen. Maggie sat down with Andy to get his take on the US economy (strong) the direction of interest rates (higher) and where he sees the best opportunities right now. He also gave some sage advice about how t...

Lance Harvey and Kevin Cook both worked at the New York Stock Exchange in what many people consider its heyday - the 90s. In this episode, Maggie (who reported from the exchange early in her career) chats with them about their careers, what they learned, their mistakes, the life lessons the floor taught them, why it was the “ultimate evolutionary sink or swim,” and a lot more. If trading war stori...

The gains in stocks like NVDA have been eye-watering, prompting many to ask if A-I is a bubble that is getting ready to burst. Maggie Lake put that question to Joe Zhao, Managing Partner at the tech-focused investment firm Millenia Capital whose portfolio includes Anthropic, Cohere, Groq, Lambda Labs, Open AI and Stability AI among others. His emphatic answer - No. Joe believes we are in inning 2...

We are in a higher interest rate, higher inflation environment and everyone needs to get used to it. Jim Bianco, President of Bianco Research, pulled no punches when he sat down with Maggie Lake. He repeated his belief that the US economy is stronger than most expect and thinks companies and the labor market can handle rates that remain above 4%. In fact, maybe higher rates are exactly what's need...

The US jobs number exceeded expectations, sparking a stock rally and revisions to interest rate forecasts. But is the data giving off a false signal? Maggie Lake sat down with Harry Melandri, Advisor at MI2, who started his career at the Bank of England, to cut through the noise and look out into the future. The takeaway - bulls should beware some big risks that loom beyond US borders. Connect wit...

War in the Middle East. A port strike in the U.S. A tight presidential election. There is no shortage of headline risk facing investors this October. Maggie Lake sat down with the editor of The Morning Navigator newsletter, Tony Greer, to talk about how to trade through the volatility. They also discussed Tony's bullish outlook for commodities and his concerns about Nvidia. And yes, Tony got so ex...

The Federal Reserve may be cutting rates but don't look for relief in the housing market. Maggie Lake sat down with Jared Dillian, author of the Daily Dirtnap newsletter, to talk about why he believes US home prices and bond yields will continue to rise regardless of what the Fed does. He also makes the bull case for energy and emerging markets and warns against group think. Don't miss out on futu...

Oil prices are depressed and global investors all seem bearish crude, which has Paulo Macro's thinking "either there's something terrible right around the corner, or this is one hell of an opportunity to reload on energy." In this special edition of Talking Markets, Maggie Lake talks to Paulo about the current oil set-up, why the market keeps fading geopolitical risk, the event h...

In the wake of the Fed pivot on rates, what investments look most attractive? Maggie Lake sits down with Vincent Deluard, Director of Global Macro Strategy at Stone X, to talk about why he is NOT overly worried about US stock valuations, IS worried about Europe and thinks China may be poised to surprise the bears. Don't miss out on future episodes - get on the list here: https://gbe08amm2tr.ty...