Episode Details

In this week's Markets Happy Hour Podcast I am delighted to be joined by Anastasia Amoroso, Managing Director and Chief Investment Strategist at Partners Group. Our conversation starts with a traditional vibe check on the narratives and counter-narratives driving market sentiment. She speaks about a multi - engine economy growing thanks to a stable consumer, soaring Capex, spending on areas such as defence.

We move then to discuss Scott Bessent's Big Bet, which is clearly that his intervention in the bond market wills stem the rise at the long end of the yield curve. Anastasia notes the difference in focus of each of the Fed and the Treasury Secretary with a focus on different ends of the curve, and notes the reason for long term yields being as high as they are - higher growth expectations, the stickier inflation, but also the sell-off by other US Treasury bond holders.

Discussing geopolitics she notes the amount of oil still flowing through the Strait of Hormuz and the fact that only a fraction of the trade between the US and Canada are actually affected by tariffs, and we mull over the workarounds that are likely to follow once the new realities of global trade filter through.

Finally we focus on the innovation economy and the role of private equity in it - noting the uptick in flows into private equity so far this year and the role that private equity investors are likely to play in driving innovation within their portfolio companies.

In conclusion we note the passing of music legend and philanthropist Dolly Parton and how she defied expectations, leaving you with her immortal words "Find out who you are, and do it on purpose" .