Kicking off today with Jeff Christian, Managing Partner at CPM Group. Jeff and I recap some of the recent news in terms of M&A and financings for PM companies. Then we focus on Jeff’s 2020 outlook for a wide range of metals. We chat gold and silver, base metals, battery metals, USD, and global economic thoughts.
Global economic data is declining but does that mean next year will be like 2008?
Anthony Saccaro, President of Providence Financial joins me to share his thoughts on the stability of the equity market around the world. With economic data continuing to decline it’s reasonable to think a recession is around the corner but there are a number of other factors that could hold the markets up. We dive into these other factors that have helped support the markets new all time high values and just how sustainable they are.
Economic Data and Important Meetings To Watch For Next Week
Marc Chandler, Managing Partner at Bannockburn Global ForEx joins me to look ahead to the economic data and and key meetings to watch for next week. While these events might not be market moving they will shed some more light on the trend of slowing economies around the world and the continued tensions not just between the US and other countries but also within some countries themselves.
For The Weak US Data It’s All About Global Growth Concerns
After a disappointing ADP jobs number today that was preceded by the weak manufacturing data yesterday the overwhelming factor pointed to is global growth concerns. As much as Trump wants to push on the Fed to lower rates business are not willing to borrow more money and invest when the global outlook is so cloudy.
Ed Moya, Senior Market Analyst at OANDA joins me to focus on this overwhelming point. We look to the sectors that are showing this as well as some of the upcoming political events that have the potential to either clear up the situation or drive the world further into a recession.
Updates on metals and metals stocks as well as a broad look at economies and central bank policy.
Doc is back with some updated comments on the markets. We start off with the metals and the selloff today especially in the stocks. Far from a breakdown the sector remains in the trading range it has been in for year. We also take a step back and look at the broad markets and how central banks are going to try to the ball rolling.
I am happy to introduce a new guest to the show Joel Elconin. Joel co-hosts the Benzinga Pre-Market Show with Dennis Dick. As this is the first time having Joel on the show we stick to some high level comments on the state of the US markets and the current earnings season. We also look at the general weakness globally and how that continues to pull money into the US markets.