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The Contrarian Investor Podcast

Jul 7, 2022

This podcast episode was released to premium subscribers ton July 5 -- the same day it was recorded. To become a premium subscriber and take advantage of a host of other benefits including the Daily Contrarian briefing, visit our Substack or Supercast. Prices start around $10/month. Free trials are available.

Marc Chandler, chief market strategist at Bannock Burn Global FX, joins the podcast to discuss the precarious state of markets and what he is expecting from upcoming releases of key economic data. He also provides a pair of investment ideas for these times, with the understanding that nothing here is to be taken as investment advice.

Content Highlights

  • The coming week brings a number of crucial economic data around employment and inflation. What to expect (2:50);
  • "I don't think we're in a recession yet. But I think it's going to be hard to avoid one." Cracks are appearing and these warrant attention (3:51);
  • Weekly jobless claims (up Thursday) can be a leading indicator of recessions (5:30);
  • Non-farm payrolls are up on Friday. What to expect (11:34);
  • Core inflation is actually receding from highs, but the Fed can't (and more importantly won't) declare victory over inflation quite yet (14:42);
  • Recent days have seen a shift in market sentiment, to where a rate cut is starting to be priced in (17:43);
  • What is an investor to do here? The guest has two ideas, at opposite ends of the risk spectrum (25:23);

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