Podcast Episodes

UK budget

Episode 159

The budget is the main event risk for the UK market. We discuss what we expect Chancellor Reeves to deliver, what this means for the Bank of England, Gilt issuance, rate markets and the currency.

Y…

Published on 10 hours ago

IEEPA and Refunding

Episode 158

Tariffs imposed under the International Emergency and Economic Powers Act (IEEPA) account for about 9.5pp of our estimated 14.7pp effective tariff rate after the reduction in fentanyl tariffs on Chin…

Published on 5 days, 11 hours ago

FOMC, ECB Meeting Takeaways

Episode 157

We discuss the FOMC rate and QT decisions. US front-end rates now look much more fairly priced. QT decision disappointed us and we remain concerned about US funding markets. ECB meeting was a non-eve…

Published on 1 week, 4 days ago

Reconciling stingy labor markets and generous spend

Episode 156

Years of equity gains has wealth effect bolstering spend

Aggregate consumer data remains solid despite signs of a slowdown in labor markets.  Declining labor supply accounts for some of the labor wea…

Published on 3 weeks, 3 days ago

Yellow gold faces flashing amber; black gold eventually sees green

Episode 155

Electrification requires copper but supply picture is dim

The outlook for oil prices is bearish in the near term owing to excess supply, but beyond that, prices should firm as supply growth slows. Be…

Published on 1 month ago

APAC markets; AI not yet boosting profits today, helps structural case tomorrow

Episode 154

Takeaways from our inaugural APAC Conference

BofA Global Research hosted its inaugural APAC Conference earlier this month. Timing was opportune. The Chinese CSI 300 Equity Index has outperformed the …

Published on 1 month, 1 week ago

Stablecoins progressing but at the speed of a mailed-in check

Episode 153

Stablecoin progress to come with time and reg. clarity

Ebrahim Poonawala has been busy exploring the topic of stablecoins and the impact on banks. He's hosted expert events, started a series of notes…

Published on 1 month, 3 weeks ago

Managed care suffering but eventual recovery likely

Episode 152

Still managing to add value for patients and payor

While US markets make new highs, the S&P managed care index is half the level it was a year ago. We talk to Kevin Fischbeck about what's driven the …

Published on 2 months ago

Yields should fall with a more dovish Fed but other levers needed to boost housing

Episode 151

10Y yields should fall if Fed more dovish than expected

Leading up to Powell's speech at Jackson Hole, the market has priced in a high likelihood of a 25bp cut at the September FOMC meeting. The pros…

Published on 2 months, 2 weeks ago

Give me value or give me vibes: segments of restaurant industry still special

Episode 150

Coffee away from home enjoying demographic tailwind

Restaurants have faced some of the same sales challenges experienced elsewhere in the economy as chains more reliant on lower income consumers have…

Published on 2 months, 2 weeks ago