This is a must-listen for any student interested in working in finance as John Normand, a former 25-year veteran in Global Markets at J.P. Morgan, gives a detailed and honest account of what to consider and how to think about your future.In this first of three episodes, John explains how he came to work in finance before we then tackle two important questions:What's the perception vs the reality of working in finance?His best and worst experiences working in the industry?Lots more amazing content coming in the following weeks, including common attributes of successful analysts and associates, work/life balance, and how to set goals and manage expectations.Make sure you follow the AmplifyME Market Maker podcast and turn on your notifications!Follow John on LinkedIn https://bit.ly/43N0kanConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5r Hosted on Acast. See acast.com/privacy for more information.

Early this week, Twitter merged with X Corp. as Elon Musk advances his idea of an 'everything app'. We discuss Musk's obsession with 'X' and where it all began and explore some of the potential barriers to achieving his vision.We then examine the first of the major US banks to report Q1 earnings. It comes as shares in J.P Morgan rose sharply after the firm boosted its outlook for lending profits and said it added $37bn in deposits in the first three months of the year in the wake of Silicon Valley Bank’s collapse.Find out what this means for JP, the banking sector, the probability of a US recession, and the decisions to come for the Federal Reserve.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

The Nasdaq 100 Index surged into a new bull market Wednesday for the first time in nearly three years.Technology stocks have outperformed this year as investors speculate that weakening economic data and the risk of a recession, heightened by recent bank stresses, may prompt the Federal Reserve to stop raising interest rates sooner than expected.So the big question is can it last?We also discuss the dire state of global dealmaking, why it's gold's time to shine, the rationale behind the Sergio Ermotti callback at UBS, and why the folk at Klarna are not happy!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, Piers and I take a look at the Deutsche Bank whose shares have fallen as much as 15% at the time of recording on Friday, dragging the entire European banking sector with it. In fact, the German bank has now lost more than a fifth of its value so far this month!So what's happened? Will they follow a similar fate to Credit Suisse? Or are they too big to fail?Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/Anthony on BBC News this week https://bbc.in/3lHfHQI Hosted on Acast. See acast.com/privacy for more information.

In this interview, I'm joined by Bethany Anstey, who is an EMEA Early Careers Recruiter at Bloomberg.In this conversation, Beth shares some invaluable tips for students applying for roles in finance as well as an insight into the culture at Bloomberg, one of the world's premier distributors of financial news and data.- Introduction - Common mistakes from applicants - What makes a candidate stand out - What is the type of candidate that Bloomberg hires - The importance of your professional brand - Steps to find the right role and company to work for - Tips for networking on LinkedIn and email Connect with Beth https://www.linkedin.com/in/bethanyanstey/Connect with Anthony https://www.linkedin.com/in/anthonycheung10/Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5r Hosted on Acast. See acast.com/privacy for more information.

In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week. In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scramble to help prop up the bank as the meltdown overshadowed the budget"Sensational? Or is this really the start of something bigger?We discuss what triggered the crash, why the shares are now up sharply, how this differs to the recent demise of Silicon Valley Bank (SVB), the potential for contagion in the eurozone and its impact on the ECB, and what to look out for next for both Credit Suisse and the broader global economy.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, we take a look at what exactly happened to SVB and why the collapse in their share price on Thursday rippled through the banking sector resulting in the largest four US banks losing some $47bn of market value in just one day.Was the move justified? Could one of the larger banks also fall victim to the same issue? We explain some key areas to watch in the coming days.We also review the major shift in Fed language this week after Fed Chair Jerome Powell stated that the Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation.Find out what this means for market expectations and why the next 3 days of trading will be critical for global financial markets.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, Piers and I unpack the headline 'Fears for the future of the London Stock Exchange' as SoftBank and the world’s largest building materials group CRH, shunned the City in favour of New York.We look at where London sits in the context of the global exchanges, what makes New York more attractive and what can the UK government do to stop what has been a gradual decline of the UK's influence over the past 170 years.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, Piers joins me from NYC as we discuss why Morgan Stanley thinks the largest bank in the US could more than double its size in the coming years. We explain how the structure at JPM differs from pure investment banks like Goldman Sachs and the implication this has on their share price and investability. On the macro side, stocks have continued to grind lower as recent strong data out of the US has made market participants think twice about a Fed pivot. Find out what's been going on and why Morgan Stanley think things are about to get a lot worse!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/Social Media handles: ►Twitter: @amplifytrading @AWMCheung @pierscurran►Instagram: @amplifyme►TikTok: @amplifyme  Hosted on Acast. See acast.com/privacy for more information.

Seven key Adani companies have lost at least a combined $110 billion in value after US-based short seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate. The Adani Group has rejected the criticism and denied any wrongdoing.In this episode, we explore who is Gautam Adani and Hindenburg Research, how activist short selling works and what have been the repercussions of the accusations for the Indian stock market and the wider economy.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

All the major tech firms have now reported and it's been quite the opposite of what you might expect. Meta (Facebook) came out trumps while Alphabet (Google) sank!We deconstruct the tech giant earnings and look at whether or not a bad season for most is a sign of things to come or just a temporary blip for these titans of industry.Attention then turns to the rally in stocks following the latest US interest rate announcement from the Federal Reserve. Find out what they said and why bank economists of a bearish disposition are getting nervous.Finally, to mark our 100th episode we are joined by our competition winner Saqib Hussain, a former AmplifyME Summer Analyst who now works at KPMG, who gives us an update on what he's been up to since completing the programme!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rSummer Analyst Training Programme https://bit.ly/3Y3tEpR Connect with Saqib https://www.linkedin.com/in/saqib-hussain-15b1a263/Connect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, we explain what you need to know from the first of the big tech companies to report their corporate earnings this season, Microsoft.We dive into the numbers and explain what they all mean and why investors are most interested in the performance of their cloud computing division. Elsewhere, Citadel has leaped past Bridgewater Associates to be crowned the top hedge fund manager in 2022, making an incredible $16bn profit for investors last year. But who is Citadel and how do they make their money?We finish on why WhatsApp is getting employees at Morgan Stanley in trouble and why the PELOSI Act has Nancy all stressed out!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this week's episode, we discuss the latest corporate earnings from some of the world's largest financial institutions. Ever wondered what the difference is between the likes of Goldman Sachs, Morgan Stanley, J.P. Morgan, and BlackRock? We break down the difference between investment banks and boutiques and explain how commercial banking and wealth management fits into the picture. Hopefully, it will serve as good intel to help you make more sense of the industry and be better informed for your future applications.We also discuss the pros and cons of working on the buy-side or sell-side and how that can impact your career progression and earnings.The final segment is reversed for the US debt ceiling after it was reported that the US Treasury is now taking “extraordinary measures” to meet its debt obligations after the US government hit its $31.4tn borrowing limit. Find out what this means and whether investors should be worried.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, Piers and I dissect this week's US CPI report and discuss what it means for the US central bank and the broader market. The release saw some wild intraday moves and in this conversation we look at how the different types of market participants react to this type of information from high-frequency hedge funds to value investors.In single stock news, we take a look at the fight for Disney as the latest corporate drama pits chief executive Bob Iger against the veteran activist Nelson Peltz. Find out how a proxy fight works and why the magic kingdom is not such a happy place after all!Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

Welcome back to the channel and our first episode of 2023!This week we review how 2022 finished to set the scene for how this year may play out. Breaking down the major macro themes into how that will likely impact stock sector selection for the coming 12 months.Last year, not many people would have predicted that Russia would invade Ukraine, so we take a look at the potential 'Grey Swan' events for this year.Finally, we close on Tesla whose shares continue to slide, but has the dramatic decline meant that the EV maker is now trading at a good valuation?Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

Welcome to the final episode of the year!The week was dominated by central bank meetings where the Federal Reserve, Bank of England, and the European Central Bank all raised interest rates by 0.5%, signaling that there is still more tightening to come.The policy decisions came despite a decline in both US and UK CPI readings, so what exactly is the reason for them to stay hawkish and how might this impact asset prices? We explain all you need to know.Thanks to everyone in the community for supporting the show, it's hugely appreciated by myself and all the Amplify team. Wishing you and your family a very Merry Christmas and we'll see you in the New Year!ReTrader competition https://bit.ly/3HnNWVK Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

For this episode, I spoke with Ben Arnold an investment director in value and European equities at Schroders.Ben's got a really unique story. As a teenager, his number 1 dream wasn't to work in finance but rather to play hockey at the Olympic Games. Shortly after graduating from the University of Nottingham in 2012, he started working in the City part-time at RBS while he trained with the GB hockey team in preparation for the Rio Olympics.After spending time playing professionally in the Netherlands, he returned to finance and pivoted his career to work in asset management and is now heavily involved in their recruitment selection process.Ben is a true advocate for social mobility having come from a traditional working-class background and is always a willing candidate to help young people with their career decisions.In this segment, Ben shares with me his top tips for standing out in both the application process and in the workplace.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Ben https://www.linkedin.com/in/ben-arnold-cfa-76398a70/ Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, I take a look at what Goldman Sachs has to do with crypto. Whether it's picking up extra-institutional volume or seeking recruitment opportunities, the demise of FTX has a silver lining for some of the largest investment banks on Wall Street.Then over to Credit Suisse, whose shares are actually outperforming the broader market today after the Swiss firm raised $4.3bn in a two-pronged capital increase.Finally, England faces France in the quarter-final of the FIFA World Cup this weekend. Find out who has the better track record and my prediction for the winner!ReTrader competition https://bit.ly/3HnNWVK Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information.

Piers returns to the podcast to talk with me about the latest rise in US stocks following hints from Fed Chairman Jerome Powell that smaller rate hikes are coming. In fact, US stocks had their first streak of back-to-back monthly gains since 2021, with a gradual upward trend punctuated by a sharp rally on the last day of November.We also discuss our thoughts on the upcoming OPEC+ meeting which comes amid the EU agreement to place a price cap on Russian seaborne oil. What will this mean for the price of oil? how might Saudi respond? and is the rising number of covid cases in China something to worry about?Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

Happy Thanksgiving to any of our US followers! I have some holiday-related stats to quiz you on to get the episode started this week.Then from a market perspective, I cover what information we learned from the latest FOMC minutes, why the UK is set to be one of the worst performers in the G20 over the next two years, and what caused volatility in the oil market this week.Free daily newsletterFree Finance Accelerator simulationConnect with Anthony Hosted on Acast. See acast.com/privacy for more information.

In this episode, we use the latest Berkshire Hathaway 13F to understand some basic principles in managing a stock portfolio. Buffett's buy-and-hold strategy has served him well but the latest filing shows he's moved further into tech, purchasing a $4.1bn stake in the Taiwanese chipmaker TSMC. Is this a new direction for the 92-year-old Oracle from Omaha?Elsewhere, we review the latest UK budget announcement and Piers explains why he thinks the Bank of England should stop hiking interest rates despite inflation hitting 11.1% this week.Finally, Donald Trump has announced he will run for the US presidency in 2024, vowing "America's comeback starts right now". But first, he'll have to win the Republican Party's nomination. We look at the process and the likelihood of success.Free daily newsletter https://bit.ly/3Oeu4WkFree Finance Accelerator simulation https://bit.ly/3GoyV5rConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this episode, we attempt to unpack what exactly happened in the crypto market this week which was rocked by news about FTX and Binance, two of the world's largest crypto exchanges.The move came as FTX CEO and founder Sam Bankman-Fried, who was hailed as something of a savior earlier this year, was subject to an investigation centering on the possibility that the firm used customers’ deposits to fund bets at Bankman-Fried’s hedge fund, Alameda Research.What transpired was one of the fastest collapses of a company in recent history. So what went wrong? who's to blame? and what happens next? - we look to explain!Other topics covered in this episode include, why the S&P 500 posted its biggest one-day rally since 2020 after the latest US CPI report, thoughts on Meta after Zuckerberg slashed 13% of the workforce and admitted he was wrong on strategy, and our initial take on the US mid-term elections.Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this career insight episode, I am joined by Bilal Hafeez who is the CEO, Head of Research and Editor of Macro Hive. He spent over twenty years doing research at big banks – JP Morgan,Deutsche Bank and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.To mark his 25th year in the industry, Bilal has written an article on the 25 lessons learned from 25 years in finance, covering invaluable lessons on finance, business and life.In this conversation, we touch on the following 5 lessons:Money is everything, money is nothingFailure is the best way to level upStart with what you fearBe effective, not efficientLearn every day or quitIt's rare that you get to have private conversation with such an experienced professional and Bilal's open and honest approach is not only refreshing but incredibly insightful.The conversation will hopefully add great value to those about to start their career, all the way up to people who hold leadership positions in a large organisation or a start up. Bilal has done them all and shares his best advice!Check out the full 25 lessons https://macrohive.com/news/25-lessons-from-25-years-in-finance/Free daily newsletter https://bit.ly/3NQbjIBFree Finance Accelerator simulation https://bit.ly/3zSqDPhConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Bilal https://uk.linkedin.com/in/bilal-hafeez-50ba221 Hosted on Acast. See acast.com/privacy for more information.

Piers returns to the show and gives his verdict on the big tech earnings and explains why despite their weak performance the S&P continues to hold up.We then delve into the monetary policy decisions this week from the Federal Reserve and Bank of England, both of which raised interest rates by 0.75%. That move itself was not a big surprise but their forward guidance was. Find out why the two major central banks are heading in different directions in the months ahead which could create significant headwinds for the British currency.Finally, we touch on Elon Musk taking the helm at Twitter and unveiling his idea to charge for a premium $8/mth subscription service. Will this create a new meaningful revenue stream and can Musk turn the social media company around?Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

It's been a BIG week for US tech earnings and one that has seen seismic reactions in the likes of Meta and Amazon. So much so, that the net worth of Mark Zuckerberg has now fallen more than $100bn in just over 13 months.In this episode, I go beyond the headlines to see what really mattered in the earnings from Apple, Alphabet, Amazon, Microsoft, and Meta. My objective is to give you a better insight into what analysts look at in these reports to then make sense of the reaction in their stock price.Elsewhere, it's been a busy week! Elon is now the CEO of Twitter, Chinese stocks got hammered as Xi Jinping consolidates power, and the British Pound has hit a six-week high as the new Prime Minister Rishi Sunak looks to bring back some fiscal discipline.I hope you enjoy and check out the links below.Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information.

First up on the agenda this week is the resignation of UK Prime Minister Liz Truss, marking the shortest premiership in British history. Find out what happens next, the implications for markets, and whether we are about to see the return of Boris!I'm also joined by Stephen Barnett, our Head of Schools, to unpack the announcement from Goldman Sachs this week who are planning a sweeping reorganisation of the firm folding its biggest businesses into three divisions, marking one of the firm's largest-ever reshuffles. Find out the strategy behind the move and implications for Goldman's share price and internal culture.Finally, we talk about failed IPOs and why Private equity firms are taking the 'Leverage' out of Leveraged Buyout (LBOs).Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information.

A busy end to the week, as UK Prime Minister Liz Truss sacked her Chancellor Kwasi Kwarteng and announced another U-turn in her government's tax cut plan. Find out exactly what happened and how markets reacted to the latest news. We also tie in the latest developments in the UK bond market after Bank of England Governor Andrew Bailey told pension funds “You have three days to get out". A brave move or asking for trouble?Finally, Thursday marked one of the largest intraday reversals in the US stock market on record. The initial move lower came after US Core CPI printed at a new 40-year high, but why did we rebound so quickly? Piers explains why the devil is always in detail!US earnings for your bank applications https://www.linkedin.com/posts/anthonycheung10_students-careers-applications-activity-6986660014237097984-4Xl0?utm_source=share&utm_medium=member_desktopFree daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this career insight episode, I am joined by Tanya Tracey who is the CEO of Girls Are Investors (GAIN), which is a charity that seeks to address the lack of diversity in investment management through partnerships with schools and universities. Tanya has over twenty years of experience in investment banking, investor relations, and diversity and inclusion, having worked at J.P. Morgan, Nomura, and the CFA Institute.In this conversation, Tanya shares her career journey, working in a male-oriented environment, imposter syndrome, misconceptions about working in finance, and the importance of having role models.GAIN is a fantastic charity and we are incredibly proud to work with such inspiring women to help bring about change in the workplace!GAIN Investment Insight Programme http://www.gainuk.org/gain-investment-insight-programmeGAIN Empowerment Investment Internship Programme http://www.gainuk.org/gain-empower-investment-internship-programmeTanya LinkedIn https://www.linkedin.com/in/tanyatracey/Anthony LinkedIn https://www.linkedin.com/in/anthonycheung10/AmplifyME daily newsletter https://amplifyme.com/market-makerAmplifyME FREE simulation https://amplifyme.com/finance-accelerator Hosted on Acast. See acast.com/privacy for more information.

In this episode, we discuss what happened to Credit Suisse this week as shares dropped and Credit Default Swaps (CDS) soared amid rumours the Swiss banking giant could be the next Lehman Brothers. But why did the market react so violently and is there any substance to this speculation?Next is Elon Musk, who has thrown in the towel and has revived his commitment to buy Twitter at the original price of $54.50 a share. We look at the possible reasons behind the turnaround and who are the winners and losers in this saga.Finally, OPEC+ unleashed shockwaves in the global crude oil market by cutting production by the most since the onset of the pandemic. The move puts Saudi Arabia on a collision course with the US, so why are they taking such a risk and who will they turn to for protection?Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

Topics discussed in this episodeUnprecedented Emergency Action: The Bank of England to purchase £80bn long-dated UK Government Bonds to save the Pension industry – But why did they do this, and will it work?UK Government bond yields spike above 5% in one of the largest market moves in history as traders panic over the sustainability of UK debt – Are these fears rational and where do yields go from hereWhat is Liability Driven Investment (LDI) and how did It nearly break the UK bond markets this week?UK Pension funds driven to panic bond selling to cover interest rate swap margin calls. And, what are interest rate swaps anyway?We lift the bonnet on this week’s Porsche IPO. Was it successful, was it priced correctly, how did the suspect Governance issues result in a discounted share price and what does it mean for Porsche’s future?Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

This week, we discuss why the Great British Pound continues to get hammered. From the split amongst policymakers at the Bank of England to the government setting out the most radical package of tax cuts since 1972. Has the probability of parity against the US dollar become more likely?We also review the latest interest rate announcement from the US central bank and explain why the news was so negative for stocks on Wall Street, examine the decision by the Japanese authorities to intervene in their currency, and ask the question of whether the move by Credit Suisse to split up its investment bank will work.But the biggest news of all, we reveal our top 3 trading films of all time! Free daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

The UK chancellor is reportedly planning to scrap caps on bankers’ bonuses in a move to attract more talent to the City of London. Find out why the government is doing this and how investment banks manage bonus season.We review this week's US CPI report which acted as a trigger for the Dow to close down more than 1,200 points, marking the worst day so far this year. Why was the move so aggressive and will the Fed now hike 100bps at next week's meeting?Piers also shares Goldman's four important signals to look for when attempting to buy the dip and we both share one lasting memory of working during the Lehman Brothers collapse to mark the 14th anniversary of one of the most significant moments in stock market history.Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

The founder of the outdoor clothing company, Patagonia, has given away 100% ownership of the $3bn company to help fight climate change. Yvon Chouinard, the mountain climber, and unlikely business leader has always placed the planet as the company’s most important stakeholder, committing to give 1% of sales to fight climate change, and embarking on an extensive worn-wear campaign. Today’s announcement, which sees 100% of the company’s ownership, and profits, irrevocably dedicated to fighting climate change, illustrates Chouinard’s long-standing commitment to protecting the environment through the legacy of Patagonia.In this short episode, Stephen joins me to explain more background to this incredible story!Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information.

Earlier this week, TV personality and business women Kim Kardashian launched her own private equity firm SKKY Partners with the help of Jay Sammons, a former employee at investment firm The Carlyle Group.Piers and I use this deal to help explain the role that private equity plays in finance, how the industry works and the difference between P.E and venture capital.On the macro front, we take a look at why stocks are set for their first weekly rise in a month despite the continued tightening of central bank policy and examine the impact of the estimated £150bn energy package announced by the new UK Prime Minister Liz Truss.Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

The UK economy is facing one of its toughest economic periods in history. A looming threat of a recession, acute dependence on foreign capital, soaring debt costs, and the rising likelihood that the Bank of England’s independence will be scrutinised under the new Tory leadership have all led to the demise of the Great British Pound.But how low will the currency go and is there a possibility of it reaching parity against the US Dollar?In this episode, we also look at the history of currency interventions as the Japanese Yen hit a fresh 24-year low this week reigniting chatter on the likelihood that officials will intervene to support the currency and what to expect at the ECB meeting next week.The final talking point is reserved for some stock news, as we look at why quant firms are suddenly interested in Warren Buffett's Berkshire Hathaway.Email Stephen [email protected] with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this breaking news episode, I summaries the main take home points from the highly anticipated speech from the Fed Chairman Jerome Powell at the Jackson Hole symposium. Find out what were the three main comments, how the market reacted and what does this mean for the September FOMC meeting.Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, we focus on the increasing economic challenges being felt in China, who earlier this week surprised the market and cut interest rates for the first time since the beginning of the year. We look at why things are so bad and what might happen next.Next, we turn our attention to the return of the meme stock craze with reports suggesting that short sellers have lost an estimated $1.65bn in this month alone. But what exactly is a 'short squeeze' and a 'call option' and who the hell is Jake Freeman, the 20-year-old college student who made $110mn trading Bed Bath & Beyond!As ever, you can also expect the regular wrap-up of this week's major stories from Warren Buffett increasing his stake in Apple to Elon Musk briefly causing a 17% spike in Man United shares.Daily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this episode, I go toe to toe with Head of Trading Piers Curran as we put forward our bull and bear case scenarios for the direction of US stocksWe also run through some of the major headlines in global markets this week:- What does the drop in US CPI mean for the Fed?- The impact of US gasoline prices dropping back below $4- How impactful is the US Inflation Reduction Act?- What next for the UK as the economy contracts in Q2- Why the Druzhba pipeline is something you should know about!- Elon Musk and another giant share sale- Disney+ edges past Netflix but can the magic last?- Pfizer is to buy Global Blood Therapeutics in a $5.4bn deal- The main event: Bull vs Bear debateDaily newsletter https://amplifyme.com/market-makerFree Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/  Hosted on Acast. See acast.com/privacy for more information.

In this episode, I fly solo recapping some of the major stories in markets this week.I take a look at why the Pound fell after the Bank of England delivered its largest rate rise since 1995, what the world's largest asset manager has to do with the crypto exchange Coinbase, and the implications of US House Speaker Nancy Pelosi visiting Taipei this week.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information.

A slight change up in this week's episode, as I'm joined by Milandeep Bassi, who is the Fintech products lead and full stack DevOps engineer at Amplify.You might be wondering what the hell is that?! So in this episode, we talk about the following:What do you learn in computer scienceThe type of characteristics that make a successful programmerCreating and testing trading algosThe different roles and requirements within a quant trading teamMachine learning and A.I. in financeWhich coding languages are best to learn to get startedDon't worry, I still cover the usual round-up of what's been going on in global markets this week, from the Fed hike and technical US recession to the latest earnings from the tech titans.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Milan https://www.linkedin.com/in/milanbassi/ Hosted on Acast. See acast.com/privacy for more information.

An incredibly busy week, from Russia resuming critical gas flows to Europe, to one of the biggest ever tech IPO's on the London market being put on hold due to the collapse of the Boris Johnson government, there's never a dull moment in markets!In this episode, we start with deconstructing what exactly happened at the European Central Bank meeting, where interest rates were hiked 50bps, marking the first move higher in 11 years and the biggest since the year 2000. What was said? what on earth is the TPI? what risks are there following the resignation of the Italian PM Mario Draghi? and will any of this even work?!We then pivot to US earnings season and zone in on the latest reports from Tesla and Netflix. Although Tesla shares have risen since the release of Q2 numbers what's actually going on under the bonnet and is Elon Musk covering up what otherwise are some troubling signs? and we explain why Netflix losing nearly 1mln subscribers in just three months is actually a good thing!Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

It's been quite an incredible week in global markets. The Euro hit parity against the US Dollar for the first time in 20 years, the Italian government is about to implode, the Tory leadership contest rumbles on, and the big US banks kick off the latest earnings season. However, the show stopper was undoubtedly the latest US CPI reading which came in at a red hot 9.1%, the largest gain since the end of 1981.Piers and I discuss how the market reacted and more importantly how the US central bank may react. On the same day, the Bank of Canada delivered a surprise 100bps rate hike, not only the largest rate hike by them in 24 years but the first G7 country to make such an aggressive hike in this economic cycle. Has Canada now laid the groundwork for a similar-sized move from Jay Powell and the gang later this month?We then switch attention to the visible feud between Elon Musk and Twitter, the latter who filed a forceful complaint against Tesla boss on Tuesday, alleging he had treated his $44bn offer for the social media company as an “elaborate joke”.Who wins this battle? has there been historical precedence? Has Elon gone one step too far this time?!Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, I talk to the Head of Trading Piers Curran about the resignation of UK Prime Minister Boris Johnson. We look at the process behind how the Conservative Party will now elect a new leader, the subsequent timeline, and importantly whether this shift has implications for financial markets.Who is Ben Wallace? Will Rishi win? does this even matter in the context of the economic crisis unfolding under the pressure of surging inflation? We give our point of view! This leads us into looking at the EUR currency, which this week hit a fresh 20-year low and edges ever closer to parity against the US Dollar. What is creating this renewed downside pressure and why Europe's biggest economy, Germany, is heading into its worst energy crisis since the oil price shock of 1973.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

MM071: US stocks suffer sharpest first-half drop for more than 50 years Yesterday saw H1 2022 draw to a conclusion with the S&P 500 closing down 20.6% year-to-date making the worst first six months of any year since 1970.We discuss why stocks have had such a bad year and delve deeper into the diverging performances of the different equity sectors. For example, exploring why the energy sector is up over 30% whilst the Consumer Discretionary sector is down over 30%. We discuss how the bounce in stocks last week was nothing to do with fundamentals and was actually driven by quarter end rebalancing.We also discuss equity and debt capital markets and how the IPO space has collapsed in 2022 with funds raised in US IPOs at its lowest since 1999! Finally, we discuss private market capital raising and how the FinTech world is being forced to raise capital at much lower valuations than previous rounds and how this is impacting investor appetite and sentiment.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

Yesterday the US Federal Reserve hiked interest rates by 0.75% in another hawkish pivot in their on-going quest to tame inflation. They also said they intend to raise interest rates a further 1.75% across their remaining four meetings in 2022We discuss the market fallout in the aftermath of this Fed announcement as stock markets initially bounced as Powell said he did not expect adjustments of 0.75% to become common.However, this morning the risk-off continues:The S&P hits bear market territory down 23% from its November 2021 high. The Nasdaq is now down 33%. The US Dollar continues to rally testing the 1.04 handle vs the Euro, GBPUSD hits a 20 month low and USDJPY is trading at a 20 year high.We finish with a discussion about the recent cryptocurrency capitulation and discuss the best mindsets around how to deal with trades that are losing you money.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

We've had Apple's Developer event this week and while people are most obsessed with augmented reality technology we focus on the less sexy software side of the business! Namely, Apple CarPlay and Apple's move into finance by offering loans directly to consumers for its new buy now, pay later product.Will Apple's refresh of CarPlay open up a new substantial revenue stream for the tech giant or is this just tech enthusiasts getting ahead of themselves?Billionaire investor Ray Dalio is also back in the spotlight betting on a sell-off in corporate bonds this year underscoring the bearish view of Bridgewater and their assessment of what rapidly rising rates will do to the global economy.We finish with Christine Lagarde, the President of the European Central Bank who has paved the way for a series of rate rises, starting with a quarter-percentage point move in July and raising the prospect of a bigger half-point shift in September.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

This week Bank of America put out a note suggesting that investors should hedge for an “existential” sterling crisis as the British currency faces struggles usually seen in emerging markets.What supports this pessimistic view and is it a credible argument or simply a sensational conclusion to generate broad appeal in the media?We then shift our focus to crude oil where prices have briefly touched $120 a barrel this week as the conflict in Ukraine intensifies and the EU has agreed to pursue a partial ban on Russian oil. Is this latest round of sanctions a big deal? and find out why the art of political deflection is well and truly underway!Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.

In this episode, Piers and I take a look at comments from Jamie Dimon and Brian Moynihan, where the CEO's of J.P. Morgan and Bank of America softened their tone on a recession and how it may be different from episodes experienced in the past.We also discuss how the UK Chancellor is engineering his windfall tax on oil and gas companies, the change in tactics from the Chinese government in the communication of their economic outlook, and why Saudi Arabia still wants to be mates with Russia despite pressure from the West.Daily newsletter https://amplifyme.com/market-makerTake a Finance Accelerator simulation https://amplifyme.com/course/finance-acceleratorConnect with Anthony https://www.linkedin.com/in/anthonycheung10/Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information.