Finding Neutral: Fast and Furious or Calm and Collected?

Eurizon SLJ Capital

This episode of 'The Long and Short,' an audio blog by Eurizon SLJ Capital, covers the macroeconomic themes from the past week, particularly focusing on recent data and central bank actions. The discussion, based on Neil Staines' LinkedIn newsletter, explores the anticipated rate cuts by the FOMC and ECB, driven by evolving economic indicators and policy directions. It delves into the significance of the November employment report, CPI figures, and ECB's recent rate adjustments. Additionally, it highlights the potential impacts of upcoming Trump administration policies on corporations and consumers and addresses the uncertainties and risk premiums that could shape the economic landscape in 2025.
00:00 Introduction and Overview
00:25 Macroeconomic Landscape and Fed Policy
02:22 Dovish Components
03:21 Growth Risks and Risk Premium
04:59 Inflated expectations?
06:19 The Long & Short of it
07:07 Disclaimer and Legal Information

The opinions expressed in this podcast are those of the presenters and do not necessarily reflect the views of Eurizon SLJ Capital, Eurizon Capital, or the Intesa Sanpaolo Group. The information and opinions shared are intended solely for professional investors and should not be relied upon by other investors. Please note that the information provided in this recording is for informational purposes only and is not intended to be complete or constitute an offer to buy or sell securities or any derivatives. It has not been prepared in accordance with legal and regulatory requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. It does not constitute research on investment matters and should not be construed as containing any recommendation, advice or suggestion, implicit or explicit, for any investment strategy or financial instruments, the issuers of any financial instruments, or a solicitation, offer or financial promotion relating to any securities or investments. ESLJ and its affiliates do not assume any liability whatsoever for the contents of this podcast and do not make any representation or warranty as to the accuracy or completeness of any information contained in this communication.