Episode 54: Is it Time To Sell America? With Jeremy Schwartz.
Stocks dipped and yields climbed today after Moody’s downgraded the US sovereign credit rating on Friday, and President Trump's tax and spending bill (which would increase projected budget deficits by nearly $3 trillion through 2034) passed a key hurdle last night. Jeremy Schwartz, Global CIO at WisdomTree, joins Maggie Lake on Talking Markets to talk about whether the US is at risk of its own Liz Truss moment and why the global rotation may just be getting started. Quick announcement: Maggie is catching up with the wonderful Juliette Declercq at the Mauldin Economics 2025 SIC Conference today. You can still grab a ticket for what is an amazing line-up here: https://www.mauldineconomics.com/go/J...Disclosure: This is an affiliate link, which means we may earn a commission if you get a ticketDon't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Twitter: https://x.com/maggielakeConnect with me on Substack: https://maggielake.substack.comWe know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.
--------
36:51
Episode 53: Is The Market Mispricing Risk Again? With Nancy Davis.
The bond market isn’t behaving the way it used to, and investors can no longer rely on old correlations to hold, according to Nancy Davis, founder of Quadratic Capital and portfolio manager of IVOL and BNDD. The former Head of Credit, Derivatives, and OTC Trading at Goldman Sachs joins Maggie Lake on Talking Markets to explain why this shift is happening, discussing ballooning US deficits, potential tariff negotiation fallout, and the potential for foreign buyers to pull back further from Treasuries. Nancy also lays out why the current environment makes this the most compelling time for IVOL’s asymmetric curve steepener strategy since 2019.For more on IVOL: https://www.ivoletf.com/Don't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Twitter: https://x.com/maggielakeConnect with me on Substack: https://maggielake.substack.comWe know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.
--------
35:55
Episode 52: What's Bugging the Bond Market? With Noelle Acheson
CPI came in soft, stocks cheered… but Treasury yields rose. What’s really going on? Noelle Acheson, author of Crypto Is Macro Now, joins Maggie Lake to unpack why the inflation data may be misleading, why the bond market isn’t buying the narrative, and what the tariff pause could actually mean for markets. She also breaks down what Coinbase entering the S&P 500 signals, why ETH is outperforming suddenly, and why the dollar’s slide could fuel the next leg for crypto and risk assets.For more from Noelle: https://www.cryptoismacro.com/Quick announcement: Maggie is catching up with the wonderful Juliette Declercq at the Mauldin Economics 2025 SIC Conference later this month. You can grab a ticket for what is an amazing line-up here: https://www.mauldineconomics.com/go/J...Disclosure: This is an affiliate link, which means we may earn a commission if you get a ticketDon't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Substack: https://maggielake.substack.comConnect with me on Twitter: https://x.com/maggielake*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.Chapter:00:00 - Introduction with Noelle Acheson 03:10 - Why the U.S. Dollar Is the Biggest Warning Sign05:10 - When Does the 10-Year Yield Kill the Rally?07:20 - Where Does This Leave the Fed? Policy Traps Ahead10:20 - How Current Market Conditions Are Impacting Crypto14:05 - Digital Assets and Regulation in Washington18:40 - Building Sophisticated Crypto Markets: Institutions, Tokenization & Education21:30 - Gold on the Blockchain: Real or Hype?24:20 - What’s Wrong with European Assets Right Now?30:30 - Uncovering New Opportunities “In the Box”
--------
33:55
Episode 51: Is The Worst Of The Trade War Over? With Rupert Mitchell
With China and the US drastically cutting reciprocal tariffs, is the worst of the trade war over? Rupert Mitchell, A.K.A. The Blind Squirrel on Substack, thinks so: "The administration clearly cares more about stocks than they were pretending," he said this morning. Rupert joins Maggie Lake on Talking Markets today to discuss the likely effects of the US/China trade detente, what might be the cause of the next bond riot, and the Squirrel's take on private equity, energy, commodities, and driverless cars. For more from Rupert, you can join Blind Squirrel Macro here: https://www.blindsquirrelmacro.com/Quick announcement: Maggie is catching up with the wonderful Juliette Declercq at the Mauldin Economics 2025 SIC Conference later this month. You can grab a ticket for what is an amazing line-up here: https://www.mauldineconomics.com/go/J...Disclosure: This is an affiliate link, which means we may earn a commission if you get a ticketDon't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Substack: https://maggielake.substack.comConnect with me on Twitter: https://x.com/maggielakeChapters00:00 - Introduction with Rupert Mitchell AKA The Blind Squirrel01:30 - U.S./China Trade Talks and the Current Economic Environment05:00 - Bond Market Concerns: Can Stocks Keep Rallying?07:00 - The Fiscal Situation and Market Risk07:55 - U.S./China Trade Talks: Market Implications09:55 - Powell’s Got a Tough Job Ahead13:00 - The Great Asset Rotation: What If Stocks Rip Higher?16:45 - How Global Capital Is Repositioning18:00 - Best Investment Opportunities Outside the U.S.20:50 - How to Approach Tech in Today’s Market25:10 - Canadian Oil Pipelines: A Strategic Play?28:40 - The Future of Robo Taxis and Autonomous Transport35:20 - What’s the Pain Threshold on Treasuries?*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.
--------
37:52
Episode 50: Trade Talks & The Risks To US Treasuries. With Harry Melandri.
With President Trump saying today that an 80% tariff on Chinese goods “sounds right,” but that it's "up to Scott [Bessent]," what can we expect from the US/China trade talks this weekend - and how might markets react? Harry Melandri, senior advisor to Arque Advisors and author of Respice Finem, joins Maggie Lake to unpack the latest tariff news, what the bond market is saying, and where Harry thinks is the next geopolitical pressure point. TGIF...!Quick announcement: Maggie is catching up with the wonderful Juliette Declercq at the Mauldin Economics 2025 SIC Conference later this month. You can grab a ticket for what is an amazing line-up here: https://www.mauldineconomics.com/go/J...Disclosure: This is an affiliate link, which means we may earn a commission if you get a ticketDon't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Substack: https://maggielake.substack.comConnect with me on Twitter: https://x.com/maggielake*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.
Maggie Lake breaks down all the daily market action with the best minds in finance. Join us after the US market close each day for smart conversation that will help you understand this complex investing landscape and build wealth without losing your sanity. If you want knowledge, civility, karaoke and the occasional cocktail recommendation, you've come to the right place.
Ireland