Time in the Market

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...

In this month’s podcast Invesco’s Ryan McCormack, Sr. Factor & Core Equity ETF Strategist at Invesco US, shares his thoughts on the current condition of both the Nasdaq and several of its high-profile components. Up for debate is valuation extremity, Nvidia, Apple and Tesla’s operational achievements, the pertinent areas of A.I. success, the impact (or not) of bond yields and potential consequ...

In a change from our usual schedule Ben Jones discusses Invesco’s Global Investors’ Forum Summit with Co-Head of Investments, Stephanie Butcher. They discuss what they learnt about geopolitics, demographics, AI, supply chains, and much more, and how investors coming together to debate and challenge each other helps our investment process. This podcast is for UK Professional Clients Only. Capital a...

In this month’s podcast Invesco’s Graham Hook, former government adviser and current Invesco Head of UK Government Relations, shares his insight on the surprise July General Election. Specifically, Graham reveals the range of results we are expecting, what the likely outcome means for policy priorities, how those policies will be funded, what the impact may be on the economy, and how each party ma...

On this week’s show we begin by discussing the startling political developments either side of the Atlantic and their market impact/relevance. From there we pivot to economic fundamentals, reviewing the latest, and upcoming, US inflation and jobs data, before debating the policy agenda for the ECB, with cuts heavily touted to begin this week. This podcast is for UK Professional Clients Only. Capit...

In this month’s podcast we deliver a high level discussion on a handful of specific UK companies and sectors, including Banks, Insurance, Energy, Retail, Consumer Brands and Miners. Our expert guest is Janus Henderson’s Absolute Return fund manager, Luke Newman. As ever, Luke delivers a highly engaging performance offering up leading, and thought provoking, insight. This podcast is for UK Professi...

On this week’s show we discuss the market’s keen response to only a modest drop in US inflation, and whether signs of weakness in US consumer balance sheets threaten a more worrying fall in prices. Some time is also spent analysing the heightened interest in UK equities and whether this momentum can continue. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was recor...

On this week’s show we discuss the apparent turnaround in relative performance between the US and European economies, discussing what’s driving the ‘closing of the gap’ and whether it is durable? Ben and Ben also take the time to discuss Q1 Earnings Season and the improving trends in both buy backs and dividends. This podcast is for UK Professional Clients Only. Capital at Risk. This podcast was r...