Rosenberg Round-Up

On this week’s episode of the Rosenberg Round-Up, we discuss what’s behind the recent rebound in equities and the changing cross-asset picture, as well as what the 28% downward revision in employment growth is telling us. We also shed light on what lingering risks in the Commercial Real Estate sector mean for bank stocks. Visit our sponsor Kalshi today and get $20 in credit to start trading: https://kalshi.onelink.me/1r91/rosenberg [https://kalshi.onelink.me/1r91/rosenberg] For a 30-day free trial of our research, click here: ⁠⁠ [https://web.rosenbergresearch.com/RosenbergRoundupTrial]https://web.rosenbergresearch.com/RosenbergRoundupTrial⁠ [https://web.rosenbergresearch.com/RosenbergRoundupTrial] Send us your questions and requests at: information@rosenbergresearch.com [information@rosenbergresearch.com]  In This Episode The Week in Review (0:50) — What’s changing relative asset prices, and some notes on Harris’ economic agenda The Week Ahead (9:21) — Personal Income and Expenditure headline the week The Spotlight (9:57) — The overlooked risks of rising CRE distress Canada Corner (11:38) — Don’t shed a tear for the loonie

The September FOMC meeting is about how much to cut rates | A look at the Harris vs. Trump polls and what it means for markets | The case for gold is stronger than ever   Visit our sponsor Kalshi today and get $20 in credit to start trading: https://kalshi.onelink.me/1r91/rosenberg [https://kalshi.onelink.me/1r91/rosenberg] For a 30-day free trial of our research, click here: ⁠https://web.rosenbergresearch.com/RosenbergRoundupTrial⁠ [https://web.rosenbergresearch.com/RosenbergRoundupTrial] Send us your questions and requests at: information@rosenbergresearch.com [information@rosenbergresearch.com]   In This Episode The Week in Review (0:44) — Cooling U.S. inflation puts the Fed on notice (despite hot retail sales) The Week Ahead (10:12) — All eyes on the Democratic convention and Jackson Hole   The Spotlight (14:29) — $3,000 per ounce is still the target for gold

In our latest special interview episode, we welcome seasoned market economist and current Columbia Business School professor Brett House to discuss the Yen carry trade reversal sending shockwaves through markets, all things Powell and the Fed with a special look at Jackson Hole, Trump vs. Harris and the Bank of Canada   The Yen carry trade reversal (1:35) | The Fed’s assessment of the U.S. economy (10:16) | Three counter-arguments why this time is different (17:00) | What to expect from Jackson Hole (23:25) | Upcoming U.S. Presidential election (25:35) | Any concern about the BoC’s rate cuts (30:45)   For a 30-day free trial of our research, click here: ⁠https://web.rosenbergresearch.com/RosenbergRoundupTrial [https://web.rosenbergresearch.com/RosenbergRoundupTrial]

Taking stock after a volatile week | Macro data will drive markets | Going defensive   Visit our sponsor Kalshi today and get $20 in credit to start trading: https://kalshi.onelink.me/1r91/rosenberg [https://kalshi.onelink.me/1r91/rosenberg] For a 30-day free trial of our research, click here: ⁠https://web.rosenbergresearch.com/RosenbergRoundupTrial⁠ [https://web.rosenbergresearch.com/RosenbergRoundupTrial] Send us your questions and requests at: information@rosenbergresearch.com [information@rosenbergresearch.com] In This Episode The Week in Review (1:06) — Dissecting the sell-off The Week Ahead (9:40) — Markets primed to sell on dovish surprises   The Spotlight (10:54) — How to reposition the equity portfolio Canada Corner (12:00) — Bank of Canada back to balance