Join Michael Cembalest as he explores a wide variety of investment topics, including the economy, policy and markets.
Episodes
Monday May 11, 2020
Monday May 11, 2020
An update on the COVID-19 crisis as the US prepares to reopen despite having one of the highest infection rates in the world. Additional topics: monoclonal antibodies and anti-viral trials; the growing gap between markets and the economy; S&P 500 earnings haves and have-nots; regional equity performance (Europe loses again) and leveraged loans at a time of rising bankruptcies.
Friday Apr 17, 2020
Friday Apr 17, 2020
Michael discusses updates on the Covid19 crisis, including the potential path of decline in US infection rates, the impact of the new fed facilities, the difference between virus and serology testing, and the new vaccine efforts underway.
Sunday Mar 29, 2020
Sunday Mar 29, 2020
Michael discusses what the government can and can not fix during a pandemic. In particular, he walks through US high frequency manufacturing and consumer data, the Fed measures, the studies on Chloroquine, and infection outbreak prediction models.
Monday Mar 23, 2020
Monday Mar 23, 2020
Michael discusses the coronavirus latest infection rates by country and latitude, anti-viral and vaccine efforts, and what equity markets are pricing in.
Thursday Mar 05, 2020
Thursday Mar 05, 2020
An update on the Democratic Primary. Confounding almost every forecast we saw last week, Senator Biden appears to have emerged from Super Tuesday with a sizeable delegate lead. Why might the night have turned out so differently from what was expected just a few days ago? This week's note includes some charts and exhibits to think about.
Wednesday Feb 05, 2020
Wednesday Feb 05, 2020
Answers to questions on the coronavirus, US megacap stocks, the cost of Democratic Healthcare plans, the Iowa caucus and the problem with the student loan system.
Friday Jan 17, 2020
Friday Jan 17, 2020
Consensus reactions to the Phase I US-China deal are very skeptical, but may be missing the broader point.
Tuesday Dec 31, 2019
Tuesday Dec 31, 2019
Michael discusses his forecast for 2020, which entails a modest recovery in global growth and profits after trade-war weakness in 2019.
Wednesday Dec 04, 2019
Wednesday Dec 04, 2019
In this special holiday edition, Michael explains how an evening at home went awry: how a discussion about China and Hong Kong morphed into a chart war about Trump, Hoover, Taft, Rachel Maddow and Anderson Cooper.
Friday Nov 08, 2019