Time in the Market

In the latest ‘award-winning’ Ben Squared Podcast, we offer insight on how the heavy stream of geopolitical news-flow is impacting markets, and where (as an investor) it may be most appropriate to focus one’s attention. We also offer glancing analysis on the latest US Jobs Report and what this may mean for the imminent US interest rate decision? This podcast is for UK Professional Clients Only. Ca...

In the latest ‘award-winning’ Ben Squared Podcast, we offer insights on how one might manage the constant flow of policy updates from the incoming US Administration, considering how an immediate reaction may not always be best practice. From there we discuss motivations for trade policy and the extent to which tariffs might have a durable impact on inflation. We close out with comments related to...

This month we welcome Rob Wood from Pantheon Macro to discuss the condition and forecasts of the UK Economy. Rob has a glittering CV including time spent at the Bank of England supporting the Monetary Policy Committee in its policy deliberations. More specifically up for discussion is the fiscal agenda, the outlook for the UK consumer, what next for inflation and monetary policy, and how the UK’s...

In the latest ‘award-winning’ Ben Squared Podcast, we offer key takeaways on 3rd Quarter Earnings Season, including Nivida which traditionally concludes the seasonal reporting; and has the potential to make a significant impact on markets*! We also take some time to review Trump’s Treasury Secretary Nomination and the recent excitement in the sphere of Crypto currencies. This podcast is for UK Pro...

Post the emphatic victory of the US President-Elect, markets are scrambling to make sense of what the ‘Trump Trades’ actually are? This issue has been compounded by Trump’s immediate appointments and speculation over those to come. In this conversation we review market performance in light of our fundamental views, and the extent to which the Political Noise remains relevant? This podcast is for U...

Following the emphatic victory of President-elect, Donald Trump, we take the opportunity to discuss his intended policy agenda, the market reaction and what the more durable impact on investments may be? The investment conversation covers equity markets, bonds and currencies. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 11th November 2024. Hosted...

Before it’s ALL eyes on the US Presidential Election we take this last, brief window to review the UK Budget. Welcoming both Ben Jones, our resident Director of Macro Research, and (special guest) Graham Hook, our Head of UK Govt relations, we discuss the raft of policy changes, the market reaction, what’s next for policy and our outlook for UK equities, gilts and the pound. This podcast is for UK...

In light of the dramatic policy developments observed in China in recent weeks, this month’s podcast takes a moment to reflect on how such policies are impacting Chinese equities. Offering his expert take on whether the reaction is merited, or if the opportunity has now passed, we are delighted to welcome Will Lam, Invesco’s Co-Head of Asian Equities to the studio. Beyond macro talk, Will also off...

In the coming days and weeks, the market’s attention will be squarely focused on political (US) and fiscal (UK) events - as will the Ben Squared Podcast! In advance of these affairs, however, we pivot to discussions on what we’ve learned from earnings season so far. Are companies beating expectations, how are share prices responding, what is the read on economic health, are management giving a ste...

In the latest Ben Squared podcast we discuss the latest interest rate cut from the ECB, their motivations and what comes next? Along a similar theme we also reflect on recent data out of the UK and how this sets up interest rate policy for the next few meetings? Finally, we take some time to discuss the yellow metal, explaining why its riding high and why broad consumer enthusiasm may not serve as...

In the latest Ben Squared podcast we share thoughts on the latest UK data pointing to slowing aggregate wage increases, and what this could mean for the Bank of England and the pound? We also take some time to discuss the oil price which has been on the move again, before rounding out with comments on what we’re looking out for (and have already seen) from the 3rd Quarter Earnings season. This pod...

In the latest Ben Squared podcast we share thoughts on the recent ‘blow-out’ US Jobs Report, reflecting upon its strength relative to other labour market data. We also take a moment to discuss an oil price which has been moving higher, and how this all comes together to impact interest rate expectations. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded o...

In the latest Ben Squared podcast we share thoughts on the sensational pivot from Chinese authorities, by taking more emphatic action in supporting its weakening economy and stock market. Can the collective policies be enough to reignite sustained economic demand, can the stock market recovery be enduring, is this China’s “Draghi – Whatever It Takes” moment? This podcast is for UK Professional Cli...

In this month’s podcast industry icon Anthony Cross, of Liontrust Asset Management, shares his insights into the health of the UK economy and stock markets. From an economic perspective Anthony articulates why the prize of ‘Productivity’ should be a key focus of this new government, before turning to Pension Fund Flows and the death of the British ISA. In the second half, attention turns to the ap...

In the latest Ben Squared podcast we review the recent interest rate decision from the Federal Reserve, along with their updated projections for growth, inflation and the future path of interest rates. Given the time investors have now had to digest this news flow, we also reflect on the general market reaction, and the extent to which this development influences our own investment strategy. This...

In the latest Ben Squared podcast, we begin by reviewing the degree of recessionary risk priced into equity and bond markets. From there we take a deeper dive on the health of US Consumers, debating whether they possess the spending firepower to stave off recession. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 17th September 2024. Hosted on Ausha....

In the latest ‘US focused’ Ben Squared podcast, we take review the make-up of the latest Jobs Report, the impact this has had on interest rate expectations and the market’s reaction. As always, we take a moment to offer our take on where we agree and disagree with the market. We close with some comments on the Presidential Race, which draws ever closer, and the stark differences in proposed corpor...

In the latest Ben Squared podcast we review the reaction to Nvidia’s results, both at a company and market level, before turning to the gyrating risks of recession and condition of (mainly US) consumers. Some time is also spent reviewing the latest inflationary trends in the UK and how this may evolve as concert schedules are updated for summer 2025. As always, we attempt to put our market views a...

In this month’s podcast Invesco Global Equity Fund Manager, Emily Roberts, shares her insights on the persistent psychological and behavioural challenges that confront professional money managers. This is a fascinating 30-minute conversation, tackling issues that so regularly impede our investment judgement. This is not simply an academic exercise however, Emily shares practical ways in which such...

In the latest Ben Squared podcast we review whether the market recovery has been supported by fundamentals and what to expect from the Global Central Bank Symposium (Jackson Hole) later this week. We also take some time to review the latest trends in UK data and US Presidential polling.   This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 20th August 20...

In the latest Ben Squared podcast we discuss the dramatic increase in stock and bond market volatility and the potential exacerbation from ‘carry trades’. We then consider a potential route out of this immediate predicament, and if the medium-term outlook remains encouraging. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 6th August 2024. Hosted on...

In the latest Ben Squared podcast we discuss the (potentially) fading impact of the US Presidential race on markets, even despite its many sensational twists and turns. We then analyse what we consider to be the dominant factors, and the extent they are influencing the short-term (though dramatic) rotation out of US Large Cap Growth stocks and into other areas of the market. This podcast is for UK...

In this month’s podcast JPMorgan’s Sven Anders, US Investment Specialist, shares his team’s thoughts on the persistent (relative) weakness this asset class has endured and the prospects for a turnaround, if it hasn’t already begun! Up for debate are interest rate impacts, expectations for growth and valuations. Of course, we also save time to discuss whether there is a beneficial US electoral outc...

In the latest Ben Squared podcast we attempt to share a neat conclusion of the UK and French elections, focusing on their immediate and (potentially) lingering market impact. We also save time to discuss more dominant market drivers, such as the health of US consumers, inflation and monetary policy. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 10t...

French and UK Elections are the main talking points of this latest Ben Squared podcast, focusing on market implications as well as policy. Time is also spent reviewing the latest trends in growth and inflation data, and how this is influencing the investment outlook at the halfway stage of the year.  This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recorded on 28...