Macrocast by FTP & Markets Policy Partners

Jobs Friday, Shifting Markets, and What Comes Next

In this episode of the Macrocast, John, Brendan, and Ed break down a surprisingly strong jobs report and what it is doing to expectations for markets and the Fed. They look at the mixed reaction across stocks and bonds, the shift in market leadership, and what it all signals for the path ahead. The conversation also steps back to cover upcoming tech IPOs, rising geopolitical tensions, and key policy debates in Washington. They finish with a broader view of the global economy and the pressures building across different regions. For more about the hosts, please see below:  Forbes Tate Partners [https://forbes-tate.com/] Markets Policy Partners [https://marketspolicy.com/]

Iran Deal Hopes, Fed Headwinds, and the AI Trade

This week on the Macrocast, the team broke down the market’s reaction to potential Iran deal developments, exploring how lower oil prices and a possible reopening of the Strait of Hormuz could ease inflation pressures and influence Treasury yields. They also discussed the challenges facing incoming Fed Chair Kevin Warsh as the Fed continues to navigate sticky inflation and a still-hawkish policy backdrop. The episode also explored rising concerns around the AI trade, tech stock concentration, and whether the broader market rally may be starting to lose momentum. Ed shared updates from Capitol Hill, including bipartisan efforts to reform college athletics, while the team previewed upcoming May jobs data that could play a key role in shaping the Fed’s next moves. For more about the hosts, please see below:  Forbes Tate Partners [https://forbes-tate.com/] Markets Policy Partners [https://marketspolicy.com/]

The Macro Picture: China, Rates, and Healthcare ft. Special Guest Barrett Thornhill

The Macrocast this week turns to healthcare and biotech with special guest Barrett Thornhill of FTP joining John Fagan, Ed Hill, and Brendan Walsh.  China’s biotech boom is front and center, with more than half of global clinical trials now coming out of China. A faster, lower-cost regulatory system is driving that shift and forcing a rethink of how drug development competes globally. Barrett unpacks what this means for U.S. pharma, FDA reform pressure, and who leads innovation going forward. The group also covers China’s growing role in pharmaceutical manufacturing, and the macro forces behind it all, from interest rates and valuations to mounting pressure on U.S. healthcare spending. For more about the hosts, please see below:  Forbes Tate Partners [https://forbes-tate.com/] Markets Policy Partners [https://marketspolicy.com/]

Markets, Mobility, and Economic Sentiment

This week on the Macrocast, the team is joined by John Dick of CivicScience to discuss a surprising rebound in the Economic Sentiment Indicator (ESI), driven in part by improving outlook on the U.S. economy and the impact of tax refund season. The conversation also covers growing concerns around AI and the labor market, shifting housing trends as more Americans consider moving due to cost-of-living pressures, and major policy developments including President Trump’s meeting with Chinese President Xi and bipartisan momentum behind cryptocurrency regulation in Congress. For more about the hosts, please see below:  Forbes Tate Partners [https://forbes-tate.com/] Markets Policy Partners [https://marketspolicy.com/]

Jobs Friday, Oil Pressure Builds, and the Next Inflation Signal

This week on the Macrocast, the team breaks down a stronger than expected April jobs report showing 115,000 new jobs and what it suggests about continued labor market strength and market expectations around growth and policy. The discussion then turns to rising geopolitical tensions between Iran and the U.S. and the resulting pressure on oil prices, inflation dynamics, and energy sensitive sectors. The episode also covers key policy developments including potential changes in Fed leadership, emerging Senate efforts on crypto regulation, and growing concerns around proposed AI oversight frameworks. The team closes with a preview of next week’s major data releases including CPI, PPI, and retail sales, and what they may indicate about inflation trends and the Federal Reserve’s policy path. For more about the hosts, please see below:  Forbes Tate Partners [https://forbes-tate.com/] Markets Policy Partners [https://marketspolicy.com/]