GRAPpling with what’s next

Show from 08/09/24 Host Jeremy Schwartz and Professor Siegel dive into the week’s market developments, focusing on the Fed’s approach to interest rates. Professor Siegel strongly argues that the Fed should implement a significant rate cut, possibly 75 basis points. He believes the Fed’s models indicate that the Fed funds rate should already be lower. Siegel also discusses his concerns about the Fed’s lack of clear communication regarding their decision-making process, stressing the importance of adjusting rates sooner rather than later to maintain economic stability. (10:09) Jeremy continues the conversation with Samuel Rines who provides a detailed analysis of the current economic landscape. Rines touches on the noise in recent jobless claims data due to external factors like weather events. He discusses the normalization of inflation rates and how companies are beginning to see improvements in margins as input costs stabilize. Rines also highlights specific investment opportunities, including the potential in Japanese equities following recent market disruptions, the strategic importance of Poland within emerging markets, and the long-term growth prospects in India. Rines and Jeremy also discuss how geopolitical risks and currency fluctuations are influencing global investment strategies. Guest: Samuel Rines is the Managing Director of CORBU, a research intelligence and advisory platform at the intersection of markets, policy, and national security. Based in CORBU’s Houston, Texas office, Samuel is a global macro expert focused on the investment implications of politics and policy. His PolyMacro research and model portfolios are widely followed. Learn more about Samuel at: https://www.linkedin.com/in/samuelerines Follow Samuel on LinkedIn: @SamuelRines