GlobalData.TSLombard

PODCAST: IF TRUMP FIRES POWELL... How would markets react? @darioperkins @freyabeamish Spotify: open.spotify.com/episode/1pbjmC… Apple: podcasts.apple.com/us/podcast/if-…

Soft data has been improving while hard data has deteriorated. via @darioperkins @TS_Lombard

US-China political risk is reducing at a rapid pace *Tech restrictions lifted (see Nvidia) *Rare earth supplies flowing again (magnet exports up 157% m/m) *Trump-Xi meeting coming up Falling risk premium is positive for China equities as we said in June @TS_Lombard

Podcast with @darioperkins What does it mean that investors are seriously having to consider whether Trump would fire Powell? China stimulus. UK doom loop. 😭

"With US equities bouncing to new highs, there is a lively debate about whether sentiment has become too bullish and could suffer another setback later this summer – as the reality of the administration’s policies shows up in macro data." @darioperkins @TS_Lombard

"DOGE, another area of investor concern in April, was nothing but a massive head fake (just as we predicted). And there is no appetite for fiscal austerity – the budget deficit is only getting bigger." @darioperkins @TS_Lombard

"Consensus growth forecasts are being upgraded in most major global economies (with Japan being the notable exception)." @andrea_cicione @Daniel_VonAhlen @TS_Lombard

The rapid increase in the tax burden for the UK is striking

Central Banks to publish scenarios soon? @darioperkins and @freyabeamish Here's ours

"While the rally has surprised many investors (including us), risk sentiment indicators remain broadly neutral, which suggests that many investors haven't participated in the rally." @Daniel_VonAhlen @TS_Lombard

"Powell said that if tariff inflation doesn’t show up by September ... they would be willing to cut rates. Unfortunately, that still leaves a grey area. What if SOME tariff inflation shows up? How much tariff inflation is acceptable?" @darioperkins @TS_Lombard

Foreign US equity inflow deteriorating further

"Despite US equities reaching new highs, there is little evidence of irrational exuberance." @andrea_cicione @Daniel_VonAhlen @TS_Lombard

PODCAST TIME AGAIN. And this time we have a MASSIVE REVELATION - I will NOT be taking the job as the next Fed chair. Thanks but no thanks.

The below indicates that there is very little evidence of irrational exuberance in US equities, despite the index having recovered all its March-April losses and having made new all-time highs.

PODCAST: IS AMERICA GREAT AGAIN? Summer Melt-up is on. @darioperkins @freyabeamish Spotify: open.spotify.com/episode/3aWmY4… Apple: podcasts.apple.com/us/podcast/is-…