On this Friday the 13th edition of the Macrocast, Ylan, John Fagan, and Brendan are joined by John Dick from Civic Sciences to talk about all things global finance, including its wide-ranging effects on the economy and consumer sentiment. The group delves into J.P. Morgan’s recent earnings and CEO Jamie Dimon’s warnings about the state of global affairs, the unexpected stock market rally in the face of stricter sanctions on Russian oil and energy, and the reasons behind declining consumer sentiment, with a focus on political dysfunction and inflation.
They also cover retail sales like that of the iPhone 15, which is surprisingly resilient amidst rising prices and housing costs, and analyze the somewhat puzzling reactions in the Treasury market to higher-than-anticipated inflation figures. Lastly, the group addresses the global economic outlook, China’s stimulus efforts, the impact of a strong U.S. dollar on global currencies, and where consumers might want to take their next vacation.
Try your luck and tune into this episode. You won’t want to miss it!
Take a look at the latest Penta-CivicScience ESI findings here.
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