Trading Perspectives: An Economic Podcast-logo

Trading Perspectives: An Economic Podcast

Business & Economics Podcasts

In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Economist, John Norris along with Sam Clement, Associate Managing Director. https://www.oakworth.com/ tradingperspectives@oakworthcapital.com

Location:

United States

Description:

In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Economist, John Norris along with Sam Clement, Associate Managing Director. https://www.oakworth.com/ tradingperspectives@oakworthcapital.com

Language:

English

Contact:

205-263-4700


Episodes
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The Inevitable Energy Crunch

5/23/2024
The world’s population is growing. Most of these people will be in third-world countries. They will aspire to have creature comforts Americans take for granted. Things like appliances and central air. In the United States, accelerated computing (AI), cloud and blockchain technologies and electric vehicles consume a lot of energy off the already stretched grid. In short, the demand for electricity, energy in general, is poised to accelerate over the next several decades. Is the global grid prepared? Will there be the necessary capacity? How will utilities around the world be able to provide the necessary power without using fossil fuels? Is there any way to prevent higher prices for US consumers? In this week’s Trading Perspectives, Sam Clement and John Norris discuss the inevitability of an energy crunch in the not so distant future. John is so confident, he has bet Sam a steak dinner utility prices will be significantly higher, greater than the official inflation gauges, over the next five years. Is he right?

Duration:00:22:21

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How Much Longer Can the Market Rally?

5/16/2024
The U.S. stock market has been surprisingly strong thus far in 2024. This, despite the fact that the Federal Reserve hasn’t cut the overnight rate, and doesn’t appear poised to do so anytime soon. So, what is driving the current optimism? How much higher can stock prices climb? What will it take for U.S. investors to finally sell their positions? Should we reimagine the traditional methods of valuing the markets? Are the younger generations changing the rules of the game? In this week’s Trading Perspectives, Sam Clement and John Norris discuss the surprising continued strength in U.S. stocks, and ask the following question: “how much longer can the market rally?”

Duration:00:23:46

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Perception vs. Reality? Or Is It Something in Between?

5/9/2024
Washington continues to report rosy economic data, and the general public continues to not believe it. Why is the average American so down on the economy when the official data suggests they should be happy? Is it inflation? Is it societal divisiveness? What is the real story? In this week’s Trading Perspectives, Sam and John discuss the disconnect between the public’s perception of the economy and what the government is saying is the reality. Who is right?

Duration:00:22:05

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Are the Ivies Still Worth It?

4/24/2024
The recent turmoil, protests and an apparent lack of accountability at many prestigious American institutions of higher learning have begged a question: is an Ivy League education still worth the cost? Does the rarefied air of these schools for the elite still impress the American public the way it once did, not so long ago? If not, why and when did it happen? What’s more, will it ever again. In this episode of Trading Perspectives, Sam and John discuss the ongoing protests at numerous Northeastern colleges and universities and wonder whether these schools will return to position of prominence with the common man. The answer isn’t as simple as yes.

Duration:00:22:20

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Can the United States Win A Global War?

4/18/2024
With all the turmoil around the world, and the subsequent drawdown on US stockpiles, just how prepared would the US be if the planet erupted in a hot war? Would the United States have enough ammunition, missiles, ships and planes to fight several different types of wars on several different continents? What’s more, is the American public ready for such a thing? In this week’s Trading Perspectives, Sam and John discuss about American military preparedness in what is increasingly a dangerous time.

Duration:00:23:21

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California Dreaming - Minimum Wage Edition

4/10/2024
Last week, the minimum wage for fast food workers in California went to $20. This will become the de facto minimum wage for unskilled labor across the state. While it might seem like a win for workers, what will be the likely end result? After all, someone will have to absorb this mandated cost increase, and it isn’t just going to be employers. Don’t tell anyone in Sacramento that, though. In this week’s Trading Perspectives, Sam and John discuss the concept of the minimum wage and what its real impact is. If you took an Econ 101 class, you already know the answer.

Duration:00:22:08

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Is the Key Bridge Key to the Economy?

4/3/2024
Last week, a wayward container ship struck the Key Bridge causing it to collapse. This effectively closed the Port of Baltimore until the powers that be can clear the wreckage from the shipping channel. Will these delay derail the US economy? Will it cause supply chain issues up and down the East Coast? Will we have to wait months for our cars, our coal and our sugar? In this week’s Trading Perspectives, Sam and John discuss the recent collapse of the Key Bridge and what the indefinite closure of the Port of Baltimore could mean to the US economy.

Duration:00:22:17

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Our Men & Women in Haiti?

3/28/2024
The recent turmoil in Haiti begs the question just what is the United States’ role in that fractured country? However, what should our role be in the Democratic Republic of Congo? Somalia? Myanmar? Gaza? Ukraine? The jungles of Colombia? Central America? And any other place which is suffering with internal strife, famine, civil war and worse, if that is possible? Should Washington spend taxpayer money and risk American lives meddling in other countries’ affairs? Are there any generational differences? In this week’s Trading Perspectives, Sam and John talk what role the United States should play as police force to the world? Is that something Americans want us to be any longer? Will our younger generations even take up arms to do so?

Duration:00:23:23

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EV or Not EV? That is the Question.

3/21/2024
This week the Administration restated tailpipe emission standards which will effectively end the American auto industry as we currently know it. The goal is simple: to have more Americans drive more electric vehicles in order to drive down harmful carbon emissions. However, as the old saying goes, for every action there is a reaction. Did the Administration really think through all of the probable consequences of its emissions mandate? At first blush, it wouldn’t appear so. On this week’s Trading Perspectives, Sam and John discuss the recently announced tailpipe emission standards and how the US economy simply isn’t ready, willing and able to abide by them.

Duration:00:24:32

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Can't Buy Me Love?

3/13/2024
Everywhere you look, it seems people are doing better than you are. They drive nicer cars. Eat better food. Wear nicer clothes. Have cooler friends. Take fancier trips. You name it. However, the chances are someone is looking at you, and feeling the same way. This begs the question: can money really buy happiness in a society which consumes so much of it? At first blush, it would seem so. But can it really? In this week’s Trading Perspectives, Sam and John talk about whether money truly can buy happiness. Are there any generational differences? Or does it depend on everybody’s unique definition of what happiness means?

Duration:00:24:43

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Not So Super Tuesday

3/6/2024
What if they threw an election and no one cared? After all, both Biden and Trump had pretty much locked up their party’s nomination long before this week. So, a lot of Americans didn’t even bother voting. How will the sense of resignation impact the consumer and markets over the long months to November? Is the recent rally in cryptocurrencies and precious metals due to this sour sentiment, this angst, or something else? How much longer can it last? On this week’s Trading Perspectives, Sam and John discuss the recent Not So Super Tuesday and what it could mean for the remainder of the year.

Duration:00:23:33

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To Spend or Not to Spend? That is the Question.

2/29/2024
The government says the economy is growing rapidly and the U.S. consumer is alive and well. However, people don’t seem to believe this apparent good fortune, and complain about having to tighten their belts. So, just how strong is the U.S. consumer? And, what would you least be willing to cut out of your budget if worst came to worst? In this week’s Trading Perspectives, Sam and John talk about what they would chop and what they would keep in their budget if times really got tight. Are there any generational differences and Trading Perspectives?

Duration:00:22:47

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When Will Inflation Quit Inflating?

2/14/2024
This week, the Bureau of Labor Statistics announced the Consumer Price Index (CPI) was higher in January than analysts had been predicting. The markets didn’t like the news, much like consumers. The question remains: how much longer will inflation be a problem? If higher interest rates can’t do it alone, what must happen in the economy? And from what Washington has been telling us, the economy has been chugging along nicely. In this week’s Trading Perspectives, Sam and John discuss the recent inflation and their thoughts on where prices are headed over the next twelve months.

Duration:00:25:28

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The Case Against Emerging Markets

1/31/2024
There is little argument much of this century’s economic growth will come from emerging economies. However, that doesn’t mean there will always be money to be made in them for US investors. Growth is one thing, profit is another and the return of profit is yet another. Do the powers that be in places like Beijing, Mexico City, Buenos Aires, Hanoi, New Delhi and elsewhere have US investors’ best interests when at heart? That is a difficult question to answer in the affirmative. In this week’s Trading Perspectives, Sam and John discuss emerging market investments, some of the reasons why they have underperformed and why investing in these countries requires a lot more homework than the average US investor realizes.

Duration:00:21:38

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The Campaign is Already Wearing Thin

1/24/2024
The bickering, back-biting and name calling which we have come to expect from election cycles is already at a fever pitch. Although Donald Trump still has to get past Nikki Haley, the two political parties are wasting little time bad-mouthing each other. It is enough to make one tune down the volume or switch channels. How did we get to this point? In this week’s Trading Perspectives, Sam and John discuss the ongoing political campaigns to determine if there are any generational differences to how the general public perceives them. Are the older folks wiser? Or can they learn something about processing all of this information from the kids?

Duration:00:23:31

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Crypto for Grandma

1/11/2024
This week, the SEC effectively approved Bitcoin/Cryptocurrency ETFs for retail investors. No longer will folks have to trade on some shadowy platform or even open up a Coinbase account. It is cryptocurrency for the masses, but is it a good idea? After all, can anyone effectively value, say, a Bitcoin? Is it really a currency? A method of exchange or store of value? Or is it a volatile asset class? If the latter, what happens when it becomes completely mainstream? When your grandmother can buy it? In this week’s Trading Perspectives, Sam and John discuss recent SEC rulings approving Bitcoin ETFs. Just how successful will they be? Who is going to buy them? Also, what is going to happen in the other SEC now that Nick Saban has retired?

Duration:00:24:17

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A Few Resolutions to Start the Year

1/4/2024
While a lot of people make resolutions to start the year, few of them actually see them through to fruition. With that in mind, what should the planet’s most powerful people resolve to do this upcoming year? What will they actually resolve? The two don’t have to be the same. In this week’s Trading Perspectives, Sam and John try to solve the world’s problems by guessing the new year’s resolutions of the world’s biggest leaders. Do you agree?

Duration:00:20:26

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A Look Into the Crystal Ball for 2024

12/27/2023
What will the stock market do next year? Will the economy go into recession? How many times will the Fed cut rates, if they do so at all? As always, there are so many questions leading into a new year. In this week’s Trading Perspectives, Sam and John share their thoughts about what could be in store for 2024. Is it good news or bad? You will have to listen to find out.

Duration:00:26:41

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The End of Higher Rates - For Now

12/14/2023
This week, central banks across the world essentially said their collective fight against inflation was over. In the United States, the Fed’s own data suggested it would start cutting the overnight rate roughly 3 times in 2024. Couple that with Fed Chairman Powell’s dovish comments about inflation, and investors took it as the end of this tightening cycle. However, this begs the questions: 1) is inflation really dead, and; 2) did the Fed do the right thing? In this week’s Trading Perspectives, Sam and John talk about the Federal Reserve’s non-action this past week and what it means for the economy and the markets heading into the new year.

Duration:00:21:44

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College Football Tomfoolery?

12/6/2023
This past weekend, the CFP Committee chose its Top 4 teams to participate for the national championship. But were they the best, let alone the most deserving teams? Is there any real difference between the best and the most deserving? Or did the committee simply make a business decision? After all, money talks, and it always has. In this week’s Trading Perspectives, Sam and John discuss the upcoming college football playoffs, and ask the question: are the Top 4 teams participating or are the Top 4 most profitable?

Duration:00:23:21