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Tech Stocks, Weak US Data, Bitcoin Making Highs & Gold Breakout Watch | Macro Mondays
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This week on Macro Mondays, James Brodie, James Todd & Will Cunliffe breaks down the biggest macro market movers:
- US economy falters - July jobs report shows just 73k new jobs, the weakest hiring since COVID, plus a massive 259k downward revision. ISM manufacturing and services PMIs point to stagflation risks.
- Fed rate cut bets surge - Markets now price -58bp by year-end and -111bp over 12 months; JP Morgan expects three consecutive cuts.
- Trump escalates tariffs - New 15%–100% levies on Japan, India, and chip imports, plus Nvidia/AMD paying 15% of China sales to the US government.
- Global slowdown signals - Eurozone PMIs sink, German industrial production falls -1.9%, UK manufacturing contracts, and China’s PPI deflation deepens.
- Equity concentration risk - S&P 500’s top 10 stocks now make up 40% of market cap; Nvidia alone is 8% of the index, while breadth weakens.
- Commodities in focus –- Gold eyes a $3,430 breakout amid Trump’s Fed nomination; Bitcoin and Ethereum extend rallies; Brent crude slips on weaker Chinese demand.
- Stock spotlights - Palantir’s sky-high PE (620) sparks bubble talk; Tesla breaks higher on strong technicals.
Plus, James, James and Will cover key data ahead: US CPI, OPEC report, UK & German figures, and Chinese retail sales , all with potential to spark volatility in the weeks ahead.
286 episodes
Fetch error
Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on August 11, 2025 13:04 ()
What now? This series will be checked again in the next hour. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 499542152 series 2660211
This week on Macro Mondays, James Brodie, James Todd & Will Cunliffe breaks down the biggest macro market movers:
- US economy falters - July jobs report shows just 73k new jobs, the weakest hiring since COVID, plus a massive 259k downward revision. ISM manufacturing and services PMIs point to stagflation risks.
- Fed rate cut bets surge - Markets now price -58bp by year-end and -111bp over 12 months; JP Morgan expects three consecutive cuts.
- Trump escalates tariffs - New 15%–100% levies on Japan, India, and chip imports, plus Nvidia/AMD paying 15% of China sales to the US government.
- Global slowdown signals - Eurozone PMIs sink, German industrial production falls -1.9%, UK manufacturing contracts, and China’s PPI deflation deepens.
- Equity concentration risk - S&P 500’s top 10 stocks now make up 40% of market cap; Nvidia alone is 8% of the index, while breadth weakens.
- Commodities in focus –- Gold eyes a $3,430 breakout amid Trump’s Fed nomination; Bitcoin and Ethereum extend rallies; Brent crude slips on weaker Chinese demand.
- Stock spotlights - Palantir’s sky-high PE (620) sparks bubble talk; Tesla breaks higher on strong technicals.
Plus, James, James and Will cover key data ahead: US CPI, OPEC report, UK & German figures, and Chinese retail sales , all with potential to spark volatility in the weeks ahead.
286 episodes
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