Rising Stocks, Soft Employment, And The National Anthem
In this episode, we discuss recent market trends and economic data. We dig into the upcoming flood of macroeconomic data and the implications of the Fed's upcoming actions. The discussion covers investor sentiment, the softening labor market, falling interest rates, and their influence on the markets, especially in housing and smaller companies. The episode discusses the importance of expectations in interpreting macro data and the broader economic context. Tune in for a comprehensive overview of what's driving the markets and what to watch for in the coming weeks.For full disclosure information visit: www.pipersandler.com/researchdisclosures
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25:09
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25:09
Invincible?
In this episode of What's Next for Markets, we discuss the market's performance as we enter September, a typically weak month for equities. Despite initial volatility, the markets have been performing well, led by higher beta and value names. The discussion delves into sectoral leadership, factor performance, and the influence of major stocks like the 'Mag seven' on the overall market. The episode covers the impact of inflation, employment data, and interest rates, highlighting how recent trends have created a 'Goldilocks' scenario for investors. We also touch on the broader economic indicators, anticipating potential trends and volatility in the near term while maintaining a positive outlook for the market heading into 2026.For full disclosure information visit: http://www.pipersandler.com/researchdisclosures
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21:58
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21:58
Is Change Afoot?
In this episode, Stephen and Emily discuss the impressive recent performance in the equity markets, noting new all-time highs in the S&P 500 and significant gains since April. They explore the annualized returns, emphasizing the distinction between large growth and smaller cap stocks, and the effect of sustained higher interest rates on the latter. They delve into the anticipation of potential Fed rate cuts and discuss how these could impact small caps and the broader economy. The importance of monitoring key economic indicators like employment, inflation, and housing activity to ensure the continued positive trajectory of the market is highlighted.For full disclosure information visit: http://www.pipersandler.com/researchdisclosures
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13:53
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13:53
Jim Bianco on Jackson Hole and the Fed’s Next Move
In this episode of What’s Next for Markets?, Michael Kantrowitz is joined by Jim Bianco, President and Macro Strategist at Bianco Research, for a wide-ranging conversation on the Fed, markets, and the bigger forces shaping the economy. Fresh off Jackson Hole, Michael and Jim dig into Jerome Powell’s latest message, the tension between inflation risks and a weakening labor market, and how immigration plays into the Fed’s calculus.They also tackle the bond market’s reaction, the rise of retail traders and zero-day options, the persistent struggles of small caps versus large caps, and why housing affordability remains stuck in crisis mode. Jim explains why he believes we’re in a permanently different post-COVID economy, what that means for rates and inflation, and why productivity and demographics may hold the key to the next cycle.Whether you’re focused on yields, earnings, or market structure, this conversation is packed with insights on how to navigate today’s crosscurrents.
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45:40
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45:40
Tech Is Printing More Money Than The Fed
In this episode, we dive into the complexities of the tech sector. The discussion highlights the significant growth and earnings performance of the tech industry, comparing today's landscape to the tech bubble of 2000. The episode also explore the relative performance of small caps and global tech, highlighting the importance of strong fundamentals over sector labels. The conversation touches on portfolio management strategies and the divergent performances of various market sectors, concluding with insights into the challenges and potential of healthcare and industrial stocks.For full disclosure information visit: http://www.pipersandler.com/researchdisclosures
When it comes to equity markets, there is a seller for every buyer. But how do you know which side of the trade to be on? Macro trends explain 70% of stock movements so understanding the macro backdrop is essential. Join Michael Kantrowitz, No. 1 ranked* Wall Street investment strategist, and the rest of the portfolio strategy & quantitative research team at Piper Sandler as they discuss current macro trends and what’s next for markets. Michael, Stephen, Emily, Joe and Dan have been working together for over 15 years. They pride themselves on their knowledge of financial market history while offering value added research and time-saving resources to their clients. The team utilizes the H.O.P.E. framework (Housing, Orders, Profits & Employment), a proven business cycle analysis to guide listeners through investment decisions and manage risk/reward in global equity markets. When they aren’t advising the best and brightest on Wall Street, they share bad taste in movies and good taste in cuisine. For more information on the podcast and the team visit whatsnextformarkets.com
Ireland