Housekeeping:
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Report Overview:
New data indicates Hartnett’s “sell the last hike” idea is tracking. Run time 36:17
Podcast Topics:
0:35- Context/ The story so far
4:55- Net Zero will not happen
6:15- Scores on the Doors
7:30- Double Top technicals confirm the path
10:30-Central Bank and Tech stock correlation analysis
***14:10- The Biggest Picture- main idea described and elaborated***
Parallels with GoldFix assessments for 2022-23
How we got to this
real economic challenges for East and West are supply chains vs Value chains
Deglobalization and mercantilism means reshore, onshore, repatriate, rebuild
20:45- Weekly flows, EM debt
***22:30- Real vs Financial Assets turn around is now***
Redistribute, rebuild implications
Politics driving policy
Populism, fiscal conservatives, and Trump
Buffet Epiphany…
26:00- Housing market analysis
28: 05- What Hartnett focuses on in Housing
28:40- Hartnett’s Global Macro:
Asian demand » Asian productivity» US demand still
Services drop off in Asia is a sign as well.
31:00- US vs ROW stock valuations
4200 remains key
***32:45- Bubble and Boom to Pop and Bust***
How it was- Goldilocks and Fed disinflationary tailwinds
How it is changing- Anti-Goldilocks BRICS
How it manifests- Inflationary headwinds
34:40- Sell the last rate hike
