It's been a while since we've had a recap, but we're back with a NEW face… 📉📈

Welcome to the EIGHTEENTH episode of The Smart Money Show! As usual, we're joined by our Head of Equities, Dylan Ilett, but also by our new Head of FICC, Wahy Yahya!

From breaking US and UK macroeconomic data to shifting bond market dynamics, we break down what the latest numbers reveal about the global economy and what investors might be missing. We dig into the early wave of US bank earnings, the explosion in clearing volumes, and what the latest warnings from Goldman and BofA could mean for equity markets. Is sentiment starting to crack or just cooling off? 🤔

On the macro side, we cover the latest Trump developments, examine curve moves and widening credit spreads, and unpack why gold is back in focus with a setup that has some serious upside potential! Whether you’re just watching the credit space or following the flow in equities, this one is packed with sharp insights and clear takeaways.

Guest Contacts:

Dylan Ilett - https://www.linkedin.com/in/dylan-ilett/

Wahy Yahya - https://www.linkedin.com/in/wahy-yahya-1b1563301/

Chapters:

0:00 - Welcome & A Major Team Update 🎙️

3:41 - Episode Agenda & Macro Data Kick-off 📊

4:36 - US Economic Data: Resilience Amid Tariff Talk 🇺🇸

8:05 - UK Economic Data: "Sticky" Inflation & Rate Cut Hopes 🇬🇧

11:11 - Bank Earnings Smashed: How Volatility Became a Goldmine 💰

15:11 - "Clearing Volume Explosion": The Market Goes Risk-Off ⚠️

19:36 - Are We in a Bubble? Goldman & BofA Warn on US Stocks 📉

26:52 - The Great Rotation: Gold, Silver & Platinum's Surge 🪙

32:48 - Trump's Latest Moves: Trade Deals & Suing the Fed? ⚖️

38:42 - Investor Mindset: Navigating a Trump-Driven Market 🤔

42:19 - FICC Deep Dive: Curve Dynamics & Credit Spreads 📈

47:18 - Tech Earnings Report: Big Tech Continues to Beat Estimates 💻

51:39 - FICC Profit Trends: How Trading Desks are Thriving 🏦

54:34 - Outro 👋

As always, stay tuned to us weekly as we bring you unheard insights, professional guests and a few laughs! 💚

Check out our work and connect with us here: https://www.thesmartmoneyshow.co.uk/

Please be advised, none of our episodes constitute as financial advice and we will never attempt to do so.