Another month, another market shake-up... 💡

Welcome to our October economic recap, the TWENTY-NINTH episode of The Smart Money Show! We analyse a month full of evolving macro narratives and noteworthy corporate stories with our Head of FICC, Wahy Yahya, and Head of Equities, Dylan Ilett.

Tune in as we uncover how the US and UK economies have been performing since the beginning of Q4, as well as the performance of indexes like the S&P 500 and FTSE. Major banks have also been reporting a string of losses and Dylan will be sharing what has been causing this and how markets have been reacting. 📉📈

We also look at Buffett's so-called "noninvestment" strategy, Gunvor's $22 billion deal with Lukoil and its effects on the energy market, Microsoft's earnings and the AI momentum driving Big Tech, and why inflation in the Eurozone may finally be in a "good place."

This is also the final appearance for Wahy on The Smart Money Show. We are sad to see him go and wish him the best for the future - savour the last time we hear him!

Guest Contacts:

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

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

🎥 Recorded: 5th November

Chapters:

0:00 - Intro 🎙️

2:31 - US Macro: Shutdown & Fed Rate Decisions 🇺🇸

5:59 - UK Macro: Sticky Inflation & Bank of England 🇬🇧

11:14 - S&P 500 vs. FTSE 100 📈

14:14 - The $200B AI Credit Issuance Flood 🤖

18:23 - Bank Earnings: Regional Losses & Systemic Risk 🏦

24:09 - Norway's $2.1T Fund vs. Elon Musk's Pay Package 💰

28:44 - Microsoft Earnings & The Hidden $3.1B OpenAI Loss 🤫

39:14 - Commodity Risk: Gunvor's Deal with Lukoil 🛢️

43:10 - Warren Buffett's $382B Cash Pile: A Warning Sign? 🤔

48:36 - Good News: Euro Zone Inflation Nears Target 🇪🇺

53:10 - Show Announcements & Schedule Change 📢

53:54 - A Farewell to Wahy 🤝

57:50 - 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.