Market Maker

$27bn Meta AI Deal & UniCredit launches €35bn Commerzbank takeover offer Mar 23, 2026

This week on the Market Maker Podcast, we break down a $27 billion AI deal between Meta and Nebius and what it reveals about the global race for compute power. We also dive into Unicredit’s $28 billion move on Commerzbank and why it’s become one of Europe’s most political banking battles.

Plus, we cover the biggest deals of the week across wealth management, asset management, and defense, and explain what they tell us about where markets are heading next.

(00:00) Intro

(00:47) M&A Deals of the Week

(07:49) Meta Nebius AI Deal

(14:28) Unicredit Commerzbank Takeover

*****

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Rate Cuts Are Gone. Rate Hikes Are Back. Mar 20, 2026

The market got it wrong.

After months of expecting easier policy, central banks have just delivered a major reality check. The Federal Reserve is no longer forecasting cuts, the Bank of England is turning more hawkish, and the European Central Bank could move sooner than anyone expected.

Behind it all is a new inflation threat building beneath the surface. Energy prices are rising fast, and if they stay elevated, the consequences could ripple through food, wages, and the broader economy.

This episode breaks down the chain reaction now unfolding across global markets, why bond yields are surging, and how a temporary shock could become something much more persistent.

The big question is no longer when rates will fall but whether they’re about to rise again.

(00:00) Rate Cuts Shock

(02:14) Fed Turns Hawkish

(08:30) Iran, Oil & Inflation

(15:46) Market Reaction

(19:59) Gold Drop Explained

(26:13) Bank of England Shift

(30:00) UK Energy Risk

(37:06) ECB Pivot

(38:27) Inflation Feedback Loop

(43:50) Iran Impact on Food & Energy

*****

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Prediction Markets: Kalshi, Polymarket & This Week’s Biggest M&A Deals Mar 16, 2026

In this week’s Market Maker Podcast M&A episode, we break down the biggest deals moving markets right now. We start with Axel Springer’s $770 million acquisition of the Daily Telegraph, the proposed Airbus–Leonardo–Thales space merger aimed at competing with SpaceX, and the latest developments in the Monte dei Paschi–Mediobanca deal. We also discuss a new take-private bid for Papa John’s and a recent investment into AmplifyME.

We then dive into the rapid rise of prediction markets like Kalshi and Polymarket. These platforms allow users to trade contracts on real-world outcomes—from crypto prices and politics to economic events. With valuations potentially approaching $20 billion, we explore how prediction markets work, why hedge funds are beginning to exploit arbitrage opportunities, and whether this could evolve into a new financial market infrastructure or remain a controversial betting niche.

Chapters

(00:00) Introduction

(01:18) Axel Springer Buys the Telegraph

(05:11) European Space Merger vs SpaceX

(06:52) Monte dei Paschi–Mediobanca Deal

(07:24) Papa John’s Take-Private Bid

(10:27) AmplifyME Investment Explained

(13:33) What Are Prediction Markets?

(20:06) Prediction Market Size

(22:52) Who Built Polymarket & Kalshi?

(29:02) Hedge Funds Enter Prediction Markets

(32:49) Market Manipulation Risks

(38:42) Regulation & Legal Risks

(41:51) The Bull Case for Prediction Markets

(42:43) The Bear Case for Prediction Markets

(46:01) Final Thoughts

Find out more about simulation in attraction, training and assessment www.amplifyme.com

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The Oil Shock That Caught Hedge Funds Off Guard Mar 12, 2026

In this episode of the Market Maker Podcast, we break down a rare six-sigma oil market shock - a move so extreme it statistically should happen only once every four million years.

Crude oil surged from around $70 to $120 during geopolitical tensions before rapidly reversing, catching some of the world’s largest hedge funds off guard.

We discuss what drove the volatility, why hedge funds lost billions, and how oil prices feed directly into inflation, interest rates, and global macro markets.

(00:00) Introduction

(01:20) The Oil Price Shock Explained

(05:23) The “Six Sigma” Market Move

(07:20) The Realities of Trading Commodities

(09:18) How Trade is Impacted by War

(14:24) The New Iranian Supreme Leader

(16:45) Strategic Oil Reserves & Market Impact

(29:10) Oil, Inflation & Interest Rates

(32:29) Hedge Funds Feel the Pain

Inside the Biggest M&A Deals You Need to Know (BlackRock, Toyota Industries, Pinterest, Paramount) Mar 09, 2026

This week on the Market Maker Podcast we break down the biggest M&A deals, private equity moves and activist investor plays shaping global markets.

From a $6.2 billion African telecom infrastructure deal to a $33 billion private equity bet on the energy powering AI data centres, Anthony Cheung and Piers Curran break down the biggest deal stories shaping markets this week.

They also dive into Elliott Management’s role in a $40 billion Toyota Industries takeover, a $1 billion activist play at Pinterest, and the dramatic conclusion to the Warner Brothers bidding war as Paramount outmanoeuvres Netflix.

Essential listening for anyone curious about the strategy behind mega M&A, activist investing, and how infrastructure, AI, and media are colliding in today’s global dealmaking landscape.

(00:00) Intro

(02:24) MTN & IHS Towers Deal

(11:04) Elliott and Toyota Industries

(18:51) Private Equity’s $33bn Energy Bet

(27:35) Investment Banking Scorecard YTD

(31:02) Elliott’s $1bn Pinterest Play

(36:24) Paramount vs Netflix Bidding War

Oil Shock: What the Iran Conflict Means for Inflation & Markets Mar 05, 2026

Oil prices are surging as tensions escalate between the US, Israel and Iran but what does it mean for inflation, interest rates and global markets?

In this episode of the AmplifyME Market Maker Podcast, Anthony Cheung and Piers Curran break down the macroeconomic implications of the rapidly escalating conflict in the Middle East and explain why traders and investors are paying close attention to energy markets.

With Brent crude jumping sharply and the Strait of Hormuz once again emerging as a critical geopolitical chokepoint, the discussion explores how disruptions to global energy supply could ripple through the financial system. Around 20% of global oil supply passes through this narrow shipping lane, meaning any disruption has the potential to push energy prices higher and reshape inflation expectations worldwide.

The episode also examines how rising energy prices could influence Federal Reserve policy, delay potential interest rate cuts and create fresh inflation pressure just as central banks believed price stability was returning. The hosts discuss the different risks facing the US and Europe, and whether this geopolitical shock is likely to be a short-term flare-up or the beginning of a broader economic risk.

(00:00) Iran Conflict & Market Impact

(02:10) Strait of Hormuz Explained

(09:07) Brent vs WTI

(10:38) Why Oil Matters for the Economy

(13:10) Shipping Risks in the Gulf

(15:35) Trump’s Oil Strategy

(19:11) Oil and the US Economy

(20:52) Will Oil Delay Rate Cuts?

(21:52) Strategic Oil Reserves

(28:15) Impact on Markets

(31:21) Warsh's Baptism of Fire

(35:10) Short-Term Oil Shock?

(39:31) Europe’s Inflation Risk

(44:04) ECB's Monetary Policy Disaster

(46:00) Will Central Banks Hike?

The Rogue Trader Who Broke Barings Bank: A Conversation with Nick Leeson Mar 02, 2026

In this episode of Market Maker by AmplifyME, we sit down with Nick Leeson to explore trading psychology, risk management and what it takes to survive public failure after the collapse of Barings Bank and more than $1.3 billion in losses.

At just 25 years old, Leeson was running a derivatives operation in Singapore during the high-pressure culture of 1990s banking. What followed brought down a 233-year-old institution and became one of the most infamous events in modern financial history. But this conversation goes far beyond the headlines.

We examine the psychology behind catastrophic risk, the pressure to succeed at a young age, and how ego and fear of failure can quietly distort decision-making. Nick reflects on the culture inside investment banking at the time, the compounding effect of hidden mistakes, and what resilience really means after prison, public scrutiny and rebuilding a life from scratch.

For anyone pursuing a career in trading, investment banking or financial markets, this episode offers a rare and candid perspective on ambition, accountability and the true cost of unchecked pressure.

Market Maker by AmplifyME brings you conversations with the people who’ve experienced the highs and lows of global financial markets and the lessons they learned along the way.

(00:00) The Rogue Trader Story

(02:25) Growing Up & First Ambitions

(04:36) Entering the City

(10:24) Morgan Stanley & Big Bang

(14:33) Fast Promotions in Finance

(22:44) Joining Barings

(25:06) Singapore at 25

(29:41) When Pressure Builds

(31:57) Managing Without Mentors

(34:14) Getting on With Everyone

(37:38) Status, Culture & Ego

(42:14) Stress Was Off The Charts

(42:58) The Losses Spiral

(48:35) Ethics & Accountability

(52:14) Fear of Failure

(55:45) Prison & Resilience

AI Scare Trade: Nvidia, Market Rotation & the 2028 AI Crisis Feb 27, 2026

Is AI about to disrupt white-collar jobs, or is this simply a market rotation disguised as panic?

Anthony Cheung and Piers Curran break down the so-called “AI scare trade” that hit software, payments and advisory stocks, even as the S&P 500 stayed broadly flat.

We unpack the viral 2028 AI thesis from independent research firm Citrini, the sell-off in companies like Salesforce and IBM, and whether hedge funds amplified the move.

We also explore the rise of “HALO stocks” and what the latest earnings from Nvidia tell us about AI demand, hyperscaler spending and the next phase of the cycle.

A sharp look at market psychology, AI disruption and what’s really driving volatility beneath the headlines.

(00:00) AI Scare Trade

(02:32) The Catalyst

(10:53) HALO Stocks Rotation

(17:52) Citrini’s 2028 Thesis

(27:27) The Reality Check

(31:34) Nvidia Earnings

(38:19) Agentic AI Inflection

$58bn Oil Deal, AI’s SaaS Apocalypse & Why Private Equity Loves Cricket Feb 23, 2026

This week on the AmplifyME Market Maker Podcast, Anthony goes solo to break down three big stories — a $58 billion oil merger, a pulled tech IPO, and private equity’s move into Indian cricket — all tied together by one theme: survival in the age of AI.

In energy, Devon Energy and Coterra Energy are merging to focus on efficiency and basin concentration as shale matures.

In tech, Blackstone-backed Liftoff Mobile paused its IPO after AI tools like Anthropic’s Claude Cowork cast doubt on the traditional per-seat SaaS model.

And in sport, firms including Blackstone, KKR, and CVC are betting on the Indian Premier League, drawn to the scarcity and predictable cash flows of live, un-automatable experiences.

From oil to software to sport, this episode explores how capital is repositioning for a world where defensibility and efficiency matter more than ever.

(00:00) Intro & Themes in Focus

(01:23) Oil Mega-Merger

(03:23) AI & The SaaS Shock

(05:59) Private Equity Buys Cricket

(08:11) The Big Picture

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Investment Banking: The Mindset & Tactics That Get You In Feb 18, 2026

In this episode of the Market Maker Podcast, Shah Malik shares a masterclass in how to stand out and succeed in finance, regardless of your starting point.

Currently finishing his degree at King’s College London and set to join Deutsche Bank full-time, Shah walks through how he broke into investment banking by focusing on execution, networking, and a relentless mindset.

From turning retail jobs into winning talking points, to mastering online tests, to building meaningful relationships with senior bankers, this conversation is packed with tactical insights that go way beyond the typical “just network more” advice.

Whether you’re targeting spring weeks, summer internships, or full-time roles, Shah’s framework for preparation, performance, and progression is one you’ll want to take notes on.

(00:00) Intro – Who is Shah Malik?

(01:13) Growing Up Far from Finance

(03:30) Discovering Finance Early

(06:32) Exploring Banking, FinTech & Consulting

(08:09) Mastering the Application Process

(10:05) Cracking Online Tests

(11:47) How to Convert Internships

(14:41) Standing Out in Spring & Summer

(16:11) Smart Networking (Without Overstepping)

(21:36) Turning Retail Jobs Into Resume Assets

(22:54) Linking Customer Service to IB Skills

(25:17) Staying Ahead: Habits & Learning

(27:02) Dealing with Imposter Syndrome

(29:52) Building the Wize Foundation

(32:51) Focus on What You Can Control

Find out more about the Wize Foundation

Inside the Biggest M&A Deals You Need To Know (Glencore, Schroders, Paramount, Anthropic) Feb 16, 2026

In this episode of the Market Maker Podcast, we break down the major M&A transactions reshaping global markets, spanning banking, asset management, mining, media and artificial intelligence.

We begin with Santander’s $12.2 billion acquisition of Webster Bank and examine what this signals about European banks expanding into the United States. We discuss capital efficiency, deposit strategy and the broader shift in global banking power.

Next, we analyse Nuveen’s $13.5 billion takeover of Schroders, creating a $2.5 trillion asset management group. We explore consolidation in active management, competitive pressure from passive giants, and what this means for London-listed institutions.

We then turn to the mining sector, where merger talks between Rio Tinto and Glencore have once again collapsed. We examine copper’s growing strategic importance in the AI era, valuation disagreements, and the geopolitical complexities surrounding critical minerals.

In media, Paramount strengthens its $108 billion hostile bid for Warner Bros Discovery. We break down ticking fees, breakup guarantees and how deal structuring can determine takeover outcomes.

Finally, we cover Anthropic’s $30 billion capital raise at a $350 billion valuation and discuss the sustainability of the AI funding race as competition intensifies between OpenAI, Big Tech and emerging players.

If you’re interested in mergers and acquisitions, global markets, corporate strategy and the forces shaping capital allocation, this episode provides a structured deep dive into the week’s most important developments.

(00:00) Episode Overview

(02:42) Santander’s $12BN US Deal

(21:20) Nuveen Buys Schroders

(36:02) Mining Mega-Merger Fails

(45:57) $108BN Media Takeover Battle

(53:37) Anthropic’s $30BN Raise

How to Think Like a Sovereign Debt Investor: Career Lessons from the IMF to Wall Street Feb 11, 2026

Want to break into finance or understand how global markets really work? In this episode of the Market Maker Podcast, Anthony Cheung speaks with Dr. Lupin Rahman - former IMF economist, World Bank advisor, and senior fixed income portfolio manager - to explore the world of sovereign credit, macro strategy, and global investing.

Lupin shares how she transitioned from public sector institutions like the IMF and World Bank to the private markets, what sovereign debt investing involves, and why cultural intelligence matters as much as economic analysis. From assessing political risk in emerging markets to negotiating directly with governments, she gives a rare insider view of the forces shaping global debt markets.

She also offers clear, practical advice for students and early-career professionals - including the top trait she looks for when hiring and how to approach finance with curiosity, adaptability, and long-term thinking.

Packed with real-world insights and career wisdom, this episode is essential listening for anyone interested in macroeconomics, finance careers, or how markets and policy truly intersect.

(00:00) Intro: Dr. Lupin Rahman

(02:00) Discovering economics at 10

(03:24) Choosing finance over medicine

(05:25) IMF, academia, or banking?

(07:56) Switching to the private sector

(09:11) Career moves through conversation

(14:02) UK vs US finance culture

(19:12) Policy vs profit: mindset shift

(24:10) Stress, merit & diversity in markets

(28:16) What is sovereign credit?

(31:29) Careers in sovereign debt

(35:02) The #1 trait Lupin hires for

(39:18) Lupin’s book on sovereign debt

***

Check out Lupin's new book, 'The Sovereign Debt Investor', a Top 10 book on Amazon, designed to give students and new market entrants a practical introduction to this underexplored area of finance.

Elon’s $1.25T SpaceX-xAI Merger: Vision or Hype? Feb 09, 2026

Elon Musk just pulled off the biggest merger in corporate history but is the $1.25 trillion SpaceX–xAI deal a stroke of visionary genius, or a financial sleight of hand?

In this episode of Market Maker, Anthony and Piers unpack what’s really behind the numbers. Is this bold vertical integration or just a clever way to funnel cash into a billion-dollar-a-month AI burn machine? They dig into Starlink’s role as the cash engine, xAI’s financial reality, and why Musk is using a rare “triangular merger” to shield liabilities.

They also break down Musk’s plan for space-based data centers and whether the science (and physics) actually adds up, plus how this all ties into the bigger Muskonomy: Grok, Optimus, robo-taxis, and orbital dominance.

You'll also hear how Morgan Stanley, Goldman Sachs, J.P. Morgan, and BofA are circling the biggest IPO in history and what it means for markets, investors, and tech.

New episodes drop weekly. Make sure to follow, rate, and share if you enjoy the show.

(00:00) SpaceX Acquires xAI

(01:57) Biggest Deal Ever?

(03:18) Musk’s $1.25T Valuation Math

(06:42) What SpaceX Actually Does

(07:24) Starlink = The Cash Cow

(11:35) xAI = The Cash Drain

(12:48) AI Arms Race Spending

(16:14) Why This Merger Makes Sense

(18:07) Muskonomy: The Bigger Vision

(20:28) Google, Amazon & Space Rivals

(20:59) The Triangular Merger Trick

(23:51) Starlink, xAI & SpaceX Strategy

(24:59) Space Data Centers Explained

(28:27) Who Owns Space?

(29:43) Governments vs Tech Giants

(33:05) The Science Problem in Space

(38:56) The Underwater Data Center Attempt

(41:34) Which Banks Are Involved

(48:09) Final Thoughts for the Grad Bankers

What do traders ACTUALLY do? | Day in the Life of an Investment Bank Trader Feb 04, 2026

What’s it really like to be a trader at a global investment bank?

Chloe Shepherd returns to the Market Maker Podcast to pull back the curtain on the trading floor. With nearly a decade of experience at Citi and RBC, she shares the real story - the workflows, pressure, client interactions, and the surprising skills that matter most.

We bust common myths about trading, explain the difference between perception vs reality, and break down what makes someone successful in this fast-paced world.

Topics include:

What traders do day-to-day
Trading floor culture & pace
Soft vs technical skills
Why emotional intelligence matters
Advice for aspiring traders

Ideal for students, grads, and anyone exploring a career in markets or finance.

(00:00) Intro – Chloe returns to the podcast

(01:54) Explaining trading to people outside finance

(03:58) What is credit repo trading?

(05:59) Who are the clients & how big are the trades?

(12:32) Where credit repo sits in a big bank

(15:24) How to get into a niche trading desk

(18:40) Day in the life of a trader

(21:22) Reality vs stereotypes of trading culture

(23:48) Communication skills & client interaction

(26:40) Waitressing to trading: transferable skills

(31:01) From history degree to the trading floor

(34:15) Why emotional intelligence matters

(37:47) How traders build resilience

(42:20) Final reflections & advice for future traders

Listen to the previous episode with Chloe 'Breaking Barriers: Navigating Social Mobility in Finance'.

Fed Shake-Up, Tech Earnings Divergence & Tesla’s Strategic Pivot Feb 02, 2026

This week on the Market Maker Podcast, Anthony and Piers unpack one of the most eventful weeks in global markets and business strategy.

Donald Trump nominates Kevin Warsh for Fed Chair. What does this mean for inflation, rate cut expectations, and the sharp reversal in gold and silver?

Microsoft and Meta post strong earnings - but only one stock soars. Why did investors rotate out of Microsoft and into Meta, and what role does OpenAI play?

Tesla announces a major strategic shift, ending Model S/X production and pivoting toward robotics and robo-taxis. Is this a bold long-term play or a risky execution challenge?

Apple delivers a record-breaking quarter but faces investor hesitation amid rising costs and muted AI positioning.

A deep dive into ANTA Sports’ $2.2B acquisition of a 29% stake in Puma — and what it tells us about global brand strategy, China’s sportswear ambitions, and geographic arbitrage.

Ideal for finance professionals, students, and anyone tracking markets, tech, and M&A trends.

(00:00) Fed Chair Shake-Up: Kevin Warsh Named

(04:01) Big M&A Moves: Clorox, CVC, Alibaba, Carlyle

(06:37) Microsoft vs Meta: A Tale of Two Earnings

(09:48) Azure Growth, Copilot Struggles, OpenAI Exposure

(15:12) Meta’s AI Spend Pays Off

(18:59) Tesla’s Strategic Pivot to Robotics

(24:53) CapEx Surge, Optimus, and Execution Risk

(31:50) Apple’s Record Quarter & AI Gaps

(33:26) ANTA’s Puma Deal: Global Brand Strategy

Trump's Fed Pick, Falling Dollar, and Japan’s Debt Crisis Jan 29, 2026

Trump’s rumored choice for Fed Chair, BlackRock’s Rick Rieder, has suddenly jumped to frontrunner status. In this episode of Market Maker, we break down what his nomination could mean for US interest rates, inflation, and the direction of monetary policy.

We also explore why the US dollar is hitting four-year lows, the impact of Trump’s recent comments, and why Japan’s growing debt burden and political risks are putting pressure on the yen.

Markets are moving fast - don’t get left behind.

Follow the Market Maker podcast for timely and easy to understand insight on central banks, currencies, and global finance.

(00:00) Intro to Topics this Week

(03:30) Trump’s Fed Pick: Rick Rieder Explained

(04:53) Why Trump Wants Rates Cut

(06:12) Rieder’s Views on Inflation & Labour

(12:25) How Markets May React to a Rieder Fed

(16:14) Fed Meeting Recap: Powell’s Latest

(18:56) USD Drops: What’s Driving It?

(23:05) Is Gold Signaling Crisis?

(29:44) Japan’s Debt Problem

(35:59) Final Thoughts + What to Watch

Europe’s Defense IPO Surge & Netflix’s M&A Pivot Jan 26, 2026

Anthony flies solo to unpack the biggest stories in markets and M&A this week. First, a deep dive into the €25B Amsterdam IPO of Czechoslovak Group (CSG), a Czech defense giant capitalizing on Europe’s surging military spend. Discover how a 33-year-old CEO is leading one of the region’s most consequential listings amid geopolitical shifts.

Then, we break down Netflix’s bold all-cash move in its battle for Warner Bros., and how earnings guidance is reshaping investor sentiment.

Plus: key headlines from Soho House to GSK and mega-mergers in rail and insurance. All in under 25 minutes.

(00:00) Flying solo this week & episode overview

(01:18) Soho House $2.7B take-private deal

(01:49) Boston Scientific $15B acquisition of Penumbra

(02:10) GSK $2.2B purchase of RAPT Therapeutics

(03:11) Union Pacific & Norfolk Southern $71.5B merger

(03:52) Zurich Insurance £7.67B bid for Beazley

(04:21) Deep Dive into CSG’s €25B Amsterdam IPO

(07:17) From scrapyard to global defense giant

(09:42) Why CSG is listing now

(11:06) Europe’s defense boom

(14:04) Another IPO: Franco-German tank maker KNDS

(15:00) Netflix’s revised all-cash bid: Strategy explained

(17:00) Netflix Q4 earnings breakdown: Subs, ads, guidance

Why Trump Wants to Buy Greenland: Resources, Power & Strategy Jan 21, 2026

Why would a US president want to buy Greenland? In this episode of the Market Maker Podcast, Anthony Cheung and Piers Curran unpack the real story behind Trump’s controversial push and it’s far deeper than most headlines suggest.

You’ll learn:

Why Greenland is a military and surveillance goldmine

The untapped rare earth minerals and their role in AI and EVs

How China dominates the supply chain and why the US wants to catch up

The $2–$4 trillion resource potential hidden beneath the ice

Trump’s strategic use of tariffs, timing, and the art of the deal

What this move means for US elections, Europe, and global power shifts

From missile defense to minerals to midterms, this is one of the boldest plays on the world stage right now.

Subscribe and follow for more episodes breaking down markets, politics, and power plays shaping our world.

(00:00) Intro – Why Greenland?

(02:44) National Security & The Golden Dome

(05:05) The GIUK Gap Explained

(08:21) Rare Earths 101

(13:12) China’s Rare Earth Dominance

(14:27) Greenland's Mineral Reserves

(16:37) Oil, Water & Hydropower Value

(21:02) Is Greenland for Sale?

(24:39) Trump's Deal Structure

(27:25) New Arctic Shipping Routes

(29:01) Political Strategy & Midterms

(31:25) Defense Jobs & Voter Optics

(33:36) Race Against the Clock

(34:45) National Security Framing

(35:40) Corporate Pressure in Europe

(37:07) Final Thoughts & Wrap-Up

IBD, Equity Research, or Global Markets? Decoding Investment Bank Careers Jan 20, 2026

Not sure whether investment banking, equity research, or global markets is the right fit for you?

In this episode, Anthony Cheung is joined by former Goldman Sachs equity research analyst Silvia Magni to break down what these three front-office roles really involve. They cover responsibilities, hours, how each division makes money, skills required, and who each job suits best.

Whether you're targeting a summer internship or a full-time role, this episode is your all-in-one guide to understanding the major divisions in investment banking.

Episode highlights:

What it's like to work in IBD vs equity research vs markets

The surprising differences in working hours and pressure

Common myths and what recruiters really look for

How AI and information overload are changing the skill set

Tips on choosing the right division for your personality

(00:00) Intro: Finding Your Fit in Finance

(01:24) Investment Banking Division (IBD) Explained

(02:30) Equity Research: What It’s Really Like

(05:38) Jargon Buster for Division Names

(06:19) Global Markets Roles Overview

(09:08) Revenue Models: How Banks Make Money

(13:00) Working Hours & Lifestyle Differences

(18:01) Must-Have Skills for Investment Banking

(21:20) AI, Info Overload & the Skill Shift

(22:24) Key Skills for Markets Professionals

(26:33) Transferable Experience in Sales

(27:43) Equity Research: The Hidden Middle Ground

(30:49) Summary: Side-by-Side Role Comparison

Join our next free 2-hour simulation in Markets or Banking.

AI Debt Boom, Trump’s Credit Crackdown & Bank Earnings Breakdown Jan 16, 2026

Anthony and Piers return to break down a busy start to 2026. They cover Wall Street’s Q4 earnings, where Morgan Stanley shines amid a wave of tech-led bond issuance, while J.P. Morgan and Goldman show mixed results.

They also dig into Trump’s proposed cap on credit card interest, his DOJ probe into Fed Chair Powell, and the implications for central bank credibility. Oil markets react to rising tensions in Iran and developments in Venezuela, while the latest US inflation data shows progress but risks remain.

Plus, why 2026 GDP growth could surprise to the upside if inflation and wage pressures stay in check.

(00:00) Intro and Overview of Key Topics

(01:36) Bank Earnings: A Mixed Bag

(03:39) Morgan Stanley DCM Boom

(11:01) BlackRock $14 Trillion AUM

(14:09) Trump's Proposed Credit Card Cap

(18:19) Powell and the Fed Investigation

(22:16) Geopolitics: Iran and Venezuela

(27:59) CPI Trends and Economic Outlook

(32:11) Wage Price Spiral

The $3.6 Trillion IPO Boom: SpaceX, OpenAI, TikTok & the Biggest Listings of 2026 Jan 12, 2026

2026 could be a historic year for the IPO market with over $3.6 trillion in expected valuations hitting the public stage. In this episode, we break down the hottest and most talked-about names in the pipeline: SpaceX, OpenAI, Anthropic, Stripe, Revolut, Canva, Databricks, and TikTok US.

We discuss what makes SpaceX such a unique and defensible business, why OpenAI’s losses and leadership noise might be red flags, and how Anthropic is quietly building a much more sustainable AI model. Plus, the strategy behind Stripe’s long-awaited listing, Revolut’s super-app ambitions, Canva’s AI monetisation push, and the jaw-dropping TikTok U.S. deal that could become one of the biggest financial giveaways of all time.

We also dive into who’s really making money here with banks like Morgan Stanley, J.P. Morgan, and Goldman Sachs all fighting for billion-dollar fees.

Bullish or bearish, overhyped or undervalued, this is our full take on the biggest IPOs to watch in 2026.

(00:00) 2026 IPO Landscape Overview

(02:07) SpaceX: Trillion Dollar Debut

(11:59) OpenAI: Timing and Challenges

(16:02) Anthropic: A Different Approach

(21:12) ByteDance and TikTok: The Crony Bonanza

(25:31) Databricks: Data Intelligence Platform

(28:45) Stripe: Payments Powerhouse

(31:26) Revolut: Challenger Bank

(33:37) Canva: Design Tool with Potential

Finding Real Ability in the Age of AI: The Shift to Performance Based Simulations Jan 06, 2026

Traditional finance recruitment is at a breaking point. With a 0.7% acceptance rate at major banks and 90% of applicants using AI to "game" the system, the CV has become a redundant data point.

In this episode of the Market Maker Podcast, Chief Content and Culture Officer Anthony Cheung and Lara Montefiori, VP of Product, discuss how to solve the "AI Volume Crisis." They explore why traditional methods fail and how simulation-based assessments provide a "work sample" that identifies genuine potential through behavioral data.

Key Insights:

The Volume Problem: Managing 600,000+ applications effectively.

The Validity Gap: Why traditional tests have less than 25% predictive validity.

The Simulation Solution: Using behavioral trace data to see how candidates handle real-world mistakes and market volatility.

Selection Rigor: Applying elite selection frameworks (like the SAS) to early-career finance.

About AmplifyME: We help financial institutions move beyond the resume to identify real-world ability through simulation technology.

Contact the team at www.amplifyme.com

(00:00) The Finance Hiring Crisis

(03:35) How AI is Breaking CVs

(08:39) Simulations for Assessments

(14:23) Genuine Talent Identification

(18:12) Building a Talent Ecosystem

(24:19) How the Product Works

(29:45) Validation & Reliability

(30:27) AmplifyME Product Vision

From Student to Podcaster to Goldman Sachs Intern Dec 29, 2025

In this episode, Anthony Cheung is joined by Harvey Bracken-Smith, founder of the Personable podcast and incoming Goldman Sachs summer intern, to unpack his remarkable journey from a small island in Jersey to Eton, Duke University, and beyond.

Harvey shares insights on overcoming imposter syndrome, the power of consistency, building a personal brand, and how he’s managed to interview billionaires, CEOs, and Olympic athletes before the age of 21. He also opens up about the importance of family, dealing with personal loss, and why his mantra is simply: Why not you?

Whether you're navigating university, career uncertainty, or starting your own venture, this is a masterclass in mindset, grit, and taking action.

(00:00) From Jersey to Wall Street

(02:00) Eton Reality Check & Choosing the US Over the UK

(07:51) Lifestyle & Opportunity: UK vs US vs Australia

(15:59) Launching the Podcast: Purpose Over Prestige

(21:30) Consistency Greater Than Talent

(24:34) How to Land Guests: Confidence & Cold Approaches

(31:11) The Secret Characteristic of Success

(36:37) Handling Rejection: From 1,000 Emails to One "Yes"

(45:45) What Actually Gets You Hired in Finance

(50:30) Final Message: Why Not You?

2025 Market Recap: Top Performers, AI Shocks & What’s Coming in 2026 Dec 22, 2025

In this final Market Maker markets episode of the year, Anthony and Piers deliver a global recap of 2025’s biggest winners, losers, and trends. From the AI-driven tech shake-up and Wall Street’s banking boom to the surprise surge in Spain’s stock market, they break down the key moves.

Looking ahead to 2026, will inflation, a Fed leadership transition, or even a ‘Great AI Energy Blackout’ derail the bull run? Listen in for clear insights, easy-to-follow strategy, and a few surprising predictions.

(00:00) Intro & 2025 in Review

(03:50) US Equity Sectors

(05:08) Hyperscalers Dominant

(14:41) AI Investment Ecosystem

(21:01) Data Integration vs SaaS Stocks

(22:45) Financials Stage a Comeback

(30:18) Value Rotation

(33:59) Healthcare Divisions

(42:52) Highlights in Fixed Income

(46:52) Gold Shines while Oil Slumps

(49:54) The End of the US Dollar?

(53:19) Outlooks for US Stocks in 2026

(59:22) Potential Risks

(1:02:38) Black Swan Event

How to Think and Act Like a Portfolio Manager: Real Career Advice for Finance Students Dec 18, 2025

What does it really take to make the leap from analyst to portfolio manager at one of the world’s largest asset managers? In this episode, we sit down with Ji Young Park, Senior Portfolio Manager at Amundi, to explore her two-decade journey in the investment world.

Ji shares what the role of a PM truly entails, from navigating decision-making under uncertainty to balancing technical expertise with interpersonal communication. We discuss how to know when you're ready to make the transition from analyst to portfolio manager, and why tracking your investment ideas early in your career can be a powerful tool for growth.

Ji also offers candid reflections and advice for aspiring female leaders and underrepresented professionals in finance, making this a must-listen for anyone aiming to break into or grow within the asset management industry.

(00:00) Intro

(00:54) What a Portfolio Manager really does

(03:47) Getting comfortable with being wrong

(09:18) The analyst-to-PM path

(15:38) Managing stress & work-life balance

(19:15) DEI in finance today

(24:57) Breaking into asset management

(28:42) Mentor-mentee relationships that work

2026 M&A Outlook: Mega Deals, PE Exits & Private Credit Dec 15, 2025

It’s our most anticipated episode of the year! Stephen Barnett returns to grade our 2025 predictions and lay out the playbook for 2026.

We break down the massive $4.2 Trillion year in M&A, analysing why deal volume dropped while deal value skyrocketed. We also do a deep dive into the "Indigestion" facing Private Equity, with 50,000 businesses owned and nowhere to sell them, and why Private Credit is starting to look dangerously like the "Big Short" era of 2008.

Plus, we reveal our Company of the Year (hint: it’s a comeback story) and our Person of the Year (is it Jensen Huang or... Michael Burry?).

(00:00) Grading our 2025 Predictions (S&P, Nvidia, Bitcoin)

(04:58) $4.2 Trillion in Deals (Goldman vs. J.P. Morgan)

(09:38) The Rise of Boutique Banks & Size Matters

(14:25) Private Equity "Indigestion"

(17:52) Will Lower Rates Save Private Equity?

(21:05) Is Private Credit a Bubble?

(25:20) "Rating Shopping" & The Cockroach Theory

(31:10) 2026 Crystal Ball: Tailwinds vs. Headwinds

(35:05) Company of the Year: Google goes "Beast Mode"

(40:58) Person of the Year: Jensen Huang vs. Michael Burry

(44:53) The 2026 Prediction: OpenAI Gets Acquired?

How to Break Into Investment Banking: What Top Interns Do Differently Dec 11, 2025

In this episode, Anthony speaks with Ela Saruhanoglu, an LSE Management student who secured a full-time investment banking role at J.P. Morgan for 2026 after converting her summer internship. Despite not having a traditional finance background or spring week, Ela shares how she built technical skills from scratch, leveraged curiosity, used productivity hacks, and developed a mindset that set her apart.

(00:00) Ella’s Journey to J.P. Morgan

(01:21) Why Finance?

(04:39) Learning Technicals

(06:18) Purposeful Productivity

(11:14) Balancing Uni & Applications

(13:54) No Spring Week, No Problem

(17:01) Preparing Ahead of Time

(20:25) Managing Imposter Syndrome

(24:05) Internship Tips: Visibility, Mindset, Speed

(26:35) Knowing You Why

The $100bn Hostile Takeover: Netflix vs. Paramount Dec 10, 2025

It’s the "final battle for the soul of Hollywood." In this breaking episode, we bring back Stephen Barnett to break down the Netflix vs. Paramount war for Warner Bros. Discovery (WBD).

Stephen breaks this deal down like a Hollywood movie script—literally. We cover the Backstory (Zaslav’s failure), the Cast of Characters (from "nepo-baby" David Ellison in his Ferrari to the "anti-hero" David Zaslav), and the Plot Twist where Paramount gets "ghosted" on a Thursday only to launch a hostile counter-attack.

We also dive into the "Monopsony" risk that has writers terrified, the "Whirling Dervish" factor of a Trump presidency, and why this deal proves that if you aren't a $500bn tech giant, you're just prey.

(00:00) Stephen Barnett Returns

(01:59) Battle for the Keys to the Kingdom

(04:09) Backstory: Why WBD Ripped 160%

(06:12) "Anti-Hero" Zaslav & "Nepo Baby" Ellison

(10:30) The Plot: "Begging" Texts & Being Ghosted

(16:17) The Role of Bankers

(18:47) "Black Box" Fear: Advertisers vs. Netflix

(21:30) The Trump Factor in M&A

(23:15) Monopoly vs. Monopsony

(27:47) Conclusion: Why a Big Tech Win is Scary

Inside the Biggest IPO in 2025 & Amazon AI Chip Reveal Dec 08, 2025

In this M&A edition of Market Maker, Anthony and Piers break down Medline’s potential $5 billion IPO, the biggest of the year, and what it signals for private equity exits and the 2026 deals landscape.

They also explore Amazon’s bold entry into the AI chip race with Tranium 3, how it stacks up against Nvidia and Google, and what it means for cloud dominance. Plus, OpenAI hits the panic button as Google’s Gemini and Anthropic’s Claude rapidly gain ground.

(00:00) Medline’s $5B IPO

(08:52) ECM Process

(12:45) Bank Rankings Shuffle

(20:06) Amazon’s AI Chip

(28:09) Cloud Wars Heat Up

(32:04) OpenAI’s Code Red

*****

Final chance to join our in-person Finance Bootcamp happening in London 15-19 December 2025. Use code BOOT500 at checkout to access a £500 discount as a loyal podcast fan!

Investing Shift: Big Tech Down, Pharma Up, Dollar Risks Ahead Dec 04, 2025

Big tech is stumbling while pharma stocks surge, what does that mean for markets heading into 2026? In this episode, Anthony and Piers unpack why Nvidia, Microsoft, and Amazon are dragging, while Eli Lilly and Merck lead a surprising rotation. They also explore shifting Fed rate cut expectations, conflicting US labor data, and what it all signals for the S&P 500’s next move.

We also break down Deutsche Bank’s “triple whammy” dollar call, Trump’s Fed chair pick, and why a yen carry trade unwind could shake crypto markets. Plus, UK PMI surprises and pound strength, are brighter days ahead for the UK economy?

Tune in for easy-to-follow macro insights this week!

(00:00) Topics & Listener Shoutouts

(02:51) Big Tech Wobble, Pharma Surge

(09:16) Fed Cut Expectations & Labour Data

(18:27) Trump’s Fed Pick & Market Reaction

(24:23) Deutsche Bank US Dollar Call

(30:07) Yen Carry Trade & Crypto Risk

(36:01) UK Budget Bounce & PMI Surprise

*****

Last chance to join our in-person Finance Bootcamp in London 15-19 December 2025. As part of our podcast community, you can use the code BOOT500 at checkout for a £500 discount.

Inside the Biggest M&A Deals You Need to Know (Warner Bros Discovery, GE Healthcare, Anglo American & KKR) Dec 01, 2025

This week, we're diving into a flurry of major M&A activity from GE’s $2.3B healthcare tech acquisition to Violia’s $3B hazardous waste deal and a massive offshore wind farm stake sale by Denmark’s Ørsted. But the spotlight is on Warner Bros. Discovery, where a high-stakes bidding war is heating up.

With Paramount, Netflix, and Comcast all circling, Anthony and Piers unpack why the media giant rejected multiple multi-billion dollar offers and how strategic tension is being used to push up valuations. Is splitting the company more valuable than selling it whole? And what’s the endgame for each suitor?

(00:00) Rate Cut Hopes & Market Moves

(07:34) M&A Roundup: Paint, Healthcare & Waste

(10:27) Wind Power Play: Ørsted & Apollo

(12:39) Warner Bros vs Paramount

(24:34) Netflix & Comcast Join the Fray

(32:00) Who Buys the Crown Jewels

Asset Management Explained: Beginner Guide with Ben Hayward (CEO of TwentyFour) Nov 27, 2025

Ever wondered what asset management actually means?

In this clip, we sit down with Ben Hayward, CEO and founding partner of TwentyFour Asset Management, to unpack the industry in a way that’s clear, practical, and easy to follow. From how investment funds are built to what fund managers actually do all day, Ben explains the difference between active and passive investing, breaks down different asset types like bonds and stocks, and shares why he chose a career in fixed income.

Perfect for students and early-career professionals curious about finance, this explanation is your front-row seat to understanding how big money gets managed.

Listen to the full conversation for more incredible insights from Ben on the industry, roles and career advice.

Why Goldman’s Leads the M&A League Table, $25bn Dulux Paint Deal & Apollo Pulls Papa John's Bid Nov 24, 2025

This week on the Market Maker podcast, Anthony and Piers spotlight Goldman Sachs' standout year in M&A, exploring how the bank has pulled ahead of rivals with a $1.3 trillion deal volume and a 34% market share. They break down the strategy behind Goldman's dominance, from boardroom relationships to sector expertise.

The episode also dives into the $25 billion all-stock "merger of equals" between AkzoNobel and Axalta, examining the rationale, synergies, and why the same deal failed back in 2017. Other stories include Apollo's failed Papa John's bid, Adobe’s acquisition of Semrush, Total Energies’ $6 billion European power play, and WPP's fall from grace amid takeover chatter and consolidation in the media space.

*****

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Nvidia’s Big Moment: Strength or Overreach? Nov 20, 2025

In this week’s Market Maker from AmplifyME, Anthony and Piers unpack Nvidia’s blockbuster earnings and what they signal for markets heading into year-end. Is the company’s explosive growth sustainable, or are signs of overextension starting to show?

They explore concentration risks, energy bottlenecks, and the AI infrastructure race, while also connecting the dots between macro sentiment, crypto market stress, and Saudi-US investment flows.

A comprehensive take on one of the most pivotal moments in the market this quarter.

(00:00) Nvidia’s Record-Breaking Quarter

(06:16) Concentration Risk in Focus

(10:31) Is AI Overheating?

(17:14) Saudi’s $1 Trillion Move

(26:05) Sentiment Shift or Recovery?

(32:20) Crypto Cracks and Correlations

*****

If you're a student exploring a career in finance, check out our in-person Finance Bootcamp happening in London, 15-19th December 2025

Bulge Bracket vs. Boutique: Investment Banking Career Advice for Students Nov 19, 2025

Are you a student or early-career professional trying to decide between a bulge bracket or boutique investment bank? In this episode of the AmplifyMe Market Maker podcast, Anthony Cheung and Silvia Magni break down what really sets these firms apart, from business models and deal flow to team structure and day-to-day responsibilities.

They also explore how each path impacts your training, career development, and how to tailor your interview approach. Whether you're drawn to the global reach of a bulge bracket or the hands-on experience of a boutique, this episode helps you choose the right fit and position yourself for success.

(00:00) Intro & Episode Overview

(01:42) Defining Bulge Brackets vs. Boutiques

(03:48) Business Models & Services

(06:59) Deal Flow Differences

(09:21) Team Structure & Responsibility

(11:30) Culture & Career Development

(15:08) Interview Tips & Final Thoughts

(17:20) Conclusion

*****

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Inside the Biggest M&A Deals You Need to Know (Pfizer, LVMH, Atlético Madrid, Parker Hannifin) Nov 17, 2025

Inside the Biggest M&A Deals You Need to Know (Pfizer, LVMH, Atlético Madrid, Parker Hannifin)

In this week’s M&A episode of AmplifyME Market Maker, Anthony and Piers break down the biggest deal headlines from Apollo taking control of Atlético Madrid to LVMH’s stake in Swiss movement maker Le Joux-Perret, Parker Hannifin’s $9.25 billion filtration acquisition, and Burger King’s China JV. The deep dive focuses on Pfizer’s $10 billion battle with Novo Nordisk for Metsera, unpacking the bidding war, regulatory tensions, the strategic race for obesity drugs, and why contingent value rights (CVRs) make this deal so unusual.

(00:00) Atlético Madrid, LVMH & Parker Hannifin

(03:55) Pfizer vs Novo Nordisk for Metsera

(05:10) How the Bidding War Escalated to $10B

(12:27) Contingent Value Right

(18:10) Key Deal Takeaways

*****

Take part in a free M&A Finance Accelerator simulation

Join our in-person Finance Bootcamp in London, 15-19 December 2025

AI Boom or Bubble? Plus the US Government Reopens After Record Shutdown Nov 14, 2025

This week on the AmplifyME Market Maker podcast, we break down three major market stories: Trump ends the longest US government shutdown, but markets are already bracing for another fiscal cliff in January; oil drops sharply as Saudi ramps supply ahead of a high-stakes meeting with Trump in Washington; and we unpack Goldman Sachs’ latest view on whether the AI boom is a bubble or the start of a multi-trillion-dollar investment cycle.

(00:00) Intro & Themes in Focus

(02:10) US Government Shutdown Ends

(08:40) SNAP, ACA & Sector Impacts

(12:20) Airlines & Thanksgiving Travel

(14:20) Oil Drops 4%: Supply Glut

(19:05) Saudi Strategy & Trump Meeting

(22:09) AI Demand vs Energy Glut

(24:30) Are We in an AI Bubble?

(26:25) Private vs Public AI Valuations

(29:00) Data Centre Capex Boom

(33:22) Where Value Sits in the AI Stack

(34:31) Gary Marcus & AI Limits

(37:49) Bubble or Not? Final Take

******

Join our in-person Finance Bootcamp in London, 15-19 December 2025

How to Think and Speak Like a Macro Strategist: Finance Career Skills Explained Nov 10, 2025

Thinking about a career in finance and want to build confidence in your market views? In this episode, Anthony Cheung is joined by Mike Bell, a former J.P. Morgan macro strategist, to break down how to think clearly about the economy, communicate under pressure, and make your ideas land.

Mike explains how to navigate the business cycle, what really matters when forming a macro view, and how to present with clarity - whether it's to clients, in interviews, or on live TV. If you want to sharpen your market thinking and sound confident doing it, this episode is packed with practical insights you can use right away.

(00:00) Intro to Mike Bell

(03:06) Politics Meets Economics

(07:41) Business Cycle Basics

(13:05) Inflation and Recession

(17:39) Tech Shocks & AI

(22:36) Models vs. Discretion

(31:15) Learning Public Speaking

(35:28) Preparing for Pressure

(51:25) Posting on LinkedIn

Pound Slides, Quants Cash In, and a $49B M&A Gamble Nov 06, 2025

In this episode of Market Maker, Anthony and Piers unpack why the pound has dropped to a seven-month low following Rachel Reeves' rare pre-budget comments, and what it signals for UK markets.

They explore London’s rise as a global quant hub, attracting top STEM talent and reshaping finance.

Plus, they break down the $49 billion Kimberly-Clark and Kenvue merger, why markets hate it, and what it means for deal-making today.

(00:00) Welcome & Pound Drop

(04:30) UK Fiscal Shift

(18:43) Quant Boom in London

(30:33) Big Tech vs Quants

(36:50) $49B M&A Deal

*****

Check out the AmplifyME in-person Finance Bootcamp happening in London, 15-19 December 2025.

Use the Code BOOT150 at checkout for a £150 discount.

Why Being Brave Beats Being Perfect in Finance | Terri Duhon - Trader, Board Director, TEDx Speaker Nov 03, 2025

What does bravery look like in the world of finance? Terri Duhon, Wall Street trader turned board director, TEDx speaker, and award-winning educator, shares her remarkable journey from rural Louisiana to MIT, J.P. Morgan, and the boardrooms of Morgan Stanley International and rising fintech firm Wise.

In this inspiring episode of the Market Maker Podcast mini-series spotlighting women in finance, Terri talks about the power of dreaming big, why financial literacy is essential for independence, and how being brave, not perfect, can change everything. She also explores the myths around women and numbers, the reality of imposter syndrome, and the critical role community plays in building confidence.

If you’ve ever doubted your path or felt like you didn’t belong, Terri’s story will remind you that you’re not alone and that you absolutely belong.

(00:00) Introduction & Guest Background

(00:52) Growing Up in Louisiana

(04:10) Imposter Syndrome & MIT

(08:28) Lessons from the Trading Floor

(13:07) Leaving Wall Street

(16:39) Bravery Over Perfection

(19:54) Women and Self-Selection

(25:58) Financial Independence

(30:00) Building Confidence

(33:25) Changing Role Models

(36:31) Final Message

BATMMAAN Takes Over Wall Street: Nvidia, Big Tech Earnings & Fed Fog Oct 31, 2025

This week on Market Maker, we unpack three big themes moving markets. Nvidia briefly hit a $5 trillion valuation before a Trump–Xi meeting wiped billions off the stock. We explain what happened and what it reveals about AI hype and geopolitics.

We then break down big tech earnings: Alphabet soared while Meta slumped, despite similar numbers. Is “BATMMAAN” the new “Magnificent 7”? And finally, the Fed cut rates—but Powell’s fog analogy hints at rising uncertainty ahead.

Whether you’re a student, prepping for interviews, or just want clear market insights, we’ve got you covered.

(00:00) Themes in Focus This Week

(03:46) Nvidia hits $5T: AI chips, hype & order book

(09:17) Trump–Xi meeting fallout: Nvidia crashes

(22:00) Alphabet soars, Meta slumps — why?

(30:11) Amazon & Apple: AI, retail, and holiday signals

(37:40) Meta’s spending problem + the new AI chapter

(49:37) Fed cuts rates: Powell’s “fog” warning

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The Economics Storyteller | Joe Little, Global Chief Strategist, HSBC Asset Management Oct 27, 2025

In this episode of the Market Maker Podcast, Anthony Cheung is joined by Joe Little, Global Chief Strategist at HSBC Asset Management, to explore the personal journey and professional insights behind one of the top roles in finance.

From discovering economics by chance to immersing himself in investment classics and landing a role at J.P. Morgan, Joe shares how curiosity and persistence shaped his career path.

He also breaks down the real-world role of a Chief Strategist, explains why clear communication and storytelling are powerful tools in markets, and shares why early mentorship can shape your entire career.

Whether you're a student exploring your options or an early-career professional finding your feet, this episode offers inspiration, practical advice, and honest insight into what it takes to thrive in finance.

(00:00) Intro

(00:56) Joe’s unlikely start

(02:20) Discovering economics

(06:43) Importance of mentors

(12:27) What a strategist does

(20:28) Power of storytelling

(28:05) Nature or nurture?

(32:08) Performing under pressure

(34:41) Working across cultures

(39:51) Life on the road

(42:37) Mindset for success

From Trading Floor to Leadership with Kate Hill, Global Head of Trading at Aviva Investors Oct 20, 2025

In this episode, Anthony speaks with Kate Hill, Global Head of Trading at Aviva Investors, about her three-decade career spanning Citi, Morgan Stanley, HSBC, and Aviva.

Kate shares what it was like stepping onto the trading floor for the first time, how major market events shaped her path, and the cultural differences she experienced across leading global institutions. She also reflects on transitioning into leadership, balancing personal challenges with career decisions, and the lessons she’s learned along the way.

It’s a candid conversation packed with advice for students and early-career professionals - from resilience and adaptability to the skills that will define the future of trading as technology transforms finance.

(00:00) Trading Intro & Career Journey

(02:57) First Impressions on the Floor

(07:23) Intersection of Markets & Politics

(08:48) Key Market Events & Decisions

(11:47) Reality of Dynamic Markets

(13:14) The Value of Experience

(19:25) Cultural Differences in Finance

(22:43) Moving into Leadership

(26:53) Personal Challenges & Career Choices

(34:46) Asset Management vs Sell-Side

(37:00) Advice for Aspiring Professionals

(41:15) Future of Trading & Tech

Fed Rate Cuts, Wall Street Booms & Silver Goes Wild Oct 17, 2025

With a rate cut from the US central bank now almost guaranteed, we break down what it actually means and why the Fed is also quietly ending its multi-billion-dollar balance sheet tightening.

Meanwhile, Wall Street's heavyweights, J.P. Morgan, Morgan Stanley, Goldman Sachs and BlackRock just posted monster earnings. We unpack why deal-making is back, what Jamie Dimon's "cockroach" comment means for private credit, and how Morgan Stanley reclaimed its equity throne.

Finally, silver? It just hit a 45-year high, driven by a short squeeze that’s forcing traders to fly silver bars across the Atlantic. Literally.

From central bank policy to commodity chaos this is your one-stop weekly debrief to make sure you're on top of all things markets.

(00:00) Intro & Themes in Focus

(04:25) Fed Cut Locked & Loaded

(09:12) Understanding QE & QT

(21:12) Wall Street's big comeback

(23:09) J.P. Morgan Credit Problem

(27:56) Private Credit Warning

(32:26) Morgan Stanley's Stellar Performance

(37:01) Goldman's Huge Quarter

(40:06) GS Job Cuts Amid AI Adoption

(43:27) BlackRock's £13.5trl Boom

(47:12) Silver Gets Short Squeezed

*****

Find out more about our work in attraction, training and assessments via world-leading simulation technology www.amplifyme.com

Student interested in Global Markets? Try our free Finance Accelerator simulation

Want to train with Anthony and the team in London this December? Check out the Finance Bootcamp

Survive and Thrive on Wall Street: Career Advice from a 37-Year Veteran Oct 13, 2025

In this episode, Anthony is joined by Marc Bergeron, a veteran of nearly four decades in finance, from bond trading in the '80s to co-founding his own firm and now championing mentorship at Orchard Global, a leading alternative investment manager.

Marc shares real stories about navigating market crashes, learning the hard way about soft skills, and why adaptability and resilience are make-or-break traits in today’s finance world.

Whether you're a student wondering where to start or a young professional trying to find your edge, Marc's journey offers invaluable insights (and a few hard-won lessons) to help you grow and thrive in the industry.

(00:00) Intro & Guest Intro

(01:31) From Engineering to Finance

(03:39) Life on the ’80s Trading Floor

(07:33) Starting a Finance Firm

(14:54) Entrepreneurial Mindset

(14:29) Soft Skills in Finance

(17:10) Resilience & Adaptability

(24:06) Mentoring & Continuous Learning

(31:17) Organisational Resilience

(34:06) Biggest Lessons & Regrets

(38:22) One Book You Should Read

(42:00) Final Thoughts & Warwick Event

*****

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Breaking into Asset Management: Advice from a Boutique CEO Oct 06, 2025

In this Career Insight episode, Anthony Cheung speaks with Ben Hayward, co-founder and CEO of TwentyFour Asset Management, about his unexpected journey into finance. From studying history of art and pursuing advertising to launching a fixed-income boutique in the midst of the 2008 financial crisis, Ben shares invaluable lessons in career adaptability, leadership, and resilience.

Whether you're a student eyeing your first internship or a young professional navigating your next move, this conversation offers practical advice on breaking into finance, understanding complex credit products, and thriving in asset management. Learn how to simplify financial storytelling, build confidence under pressure, and shape company culture from the top down.

(00:00) Intro to Ben Hayward & 24AM

(04:42) From Art to Finance

(08:07) Starting Out at Citi

(13:03) Becoming an Entrepreneur

(19:23) Managing Stress & Resilience

(25:40) Building Culture at 24AM

(34:10) The power of storytelling

(43:27) Asset Management Explained

(47:35) What makes Fixed Income Unique

(52:16) Advice on Confidence & Resilience

(56:24) Career Tips for Success

Find out more about TwentyFour Asset Management

$55B LBO Deal, Jefferies Banking Signal & London’s IPO Decline Oct 02, 2025

In this episode of the Market Maker podcast, we dive into the largest leveraged buyout in history - Electronic Arts going private in a $55 billion all-cash deal led by Saudi Arabia’s PIF, Silver Lake, and Jared Kushner’s Affinity Partners. What does this blockbuster transaction say about the future of gaming, geopolitics, and private capital?

We also unpack Jefferies’ record-breaking Q3 performance as dealmaking makes a comeback. Is this a lead indicator for bulge bracket banks like Goldman Sachs and J.P. Morgan?

Finally, we look at why London has dropped out of the top 20 global IPO markets for the first time in decades. With capital increasingly flowing to the US, what can the UK do to reclaim its financial edge?

From LBO mechanics and corporate strategy misfires to the intersection of AI, finance, and global power plays, this is an episode packed with insight for anyone tracking markets, banking, and business strategy.

(00:00) Intro & Themes in Focus

(02:25) US Gov Shutdown & Market Impact

(09:26) Coca-Cola's Costa Coffee Misstep

(14:02) Biggest Leverage Buyout Ever

(19:33) Saudi's Gaming Investment Strategy

(27:16) EA Deal Breakdown

(31:44) Strategic Themes in EA Deal

(34:49) Jeffries' Record & Insights

(39:14) London's IPO Market Decline

(44:24) Fixing London's Financial Scene

****

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Breaking Into Wealth Management | Romy Cuadras, Pictet Wealth Management Sep 29, 2025

In this episode, Anthony speaks with Romy Cuadras, Head of Alternatives and Fund Solutions at Pictet Wealth Management, about her unconventional path into finance and the lessons she’s learned across global markets.

Romy shares how her Cuban heritage, resilience, and adaptability shaped a career spanning operations, trading, hedge funds, and now leading alternatives for ultra-high-net-worth clients. She offers practical advice on navigating pressure, stakeholder management, and why curiosity, courage, and financial independence are critical skills for young professionals.

It’s an honest look at succeeding in wealth management, full of insights on soft skills, resilience, and standing out in an increasingly competitive industry.

(00:00) Intro

(00:49) Romy’s Journey

(10:43) Positive Mindset

(15:59) Head of Alternatives

(17:38) Soft Skills in Finance

(25:37) Thriving Under Pressure

(33:19) Stakeholder Dynamics

(39:06) Diversity as Strength

(45:33) Standout Performers

(51:22) Meaningful Career

*****

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Nvidia’s $100bn AI Bet, Trump’s U-Turn, and HSBC’s Quantum Leap Sep 25, 2025

In this week’s Market Maker Podcast, Anthony and Piers dive into three huge stories shaping markets, technology, and careers in finance:

Trump’s U-turn on Ukraine & the defense stock boom – What does his latest stance mean for NATO, Europe’s defense spending, and why has one German arms manufacturer surged 2,000% since the war began?

Nvidia’s $100bn OpenAI deal & the global AI race – From landmark partnerships with OpenAI, Alibaba, and Intel, to political maneuvering at the top table, we break down how Nvidia is cementing itself as the backbone of AI infrastructure.

HSBC’s quantum leap – The bank claims a 34% improvement in bond price predictions using quantum computing. We unpack what this really means, how it could reshape Wall Street, and why students and early-career professionals should pay attention.

Whether you’re curious about markets, fascinated by frontier tech, or exploring your future in finance, this episode connects the dots between geopolitics, AI, quantum, and the career skills that will matter most.

💡 Timestamps

(00:00) Intro & Topics

(02:04) Trump’s U-Turn & Defense Stocks

(08:55) Nvidia’s $100bn OpenAI Deal

(25:13) Nvidia’s Global Strategy & Politics

(30:45) Quantum Computing in Finance

👉 Useful Resources

AmplifyME free Markets Finance Accelerator

AmplifyME free Banking Finance Accelerator

📌 Student Training Programmes

5-day In-Person Bootcamp in London

3-Week Virtual Summer Analyst Programme

🤝 Connect

Anthony Cheung

Piers Curran

Breaking into Investment Banking: Understanding Sector Coverage Groups vs Product Groups Sep 22, 2025

In this episode of the Market Maker Podcast, Anthony is joined by M&A expert Silvia Magni to break down one of the most common questions in investment banking:

👉 What’s the difference between sector coverage and product teams?

Whether you're prepping for investment banking interviews, navigating your M&A career path, or deciding between technical vs client-facing roles, this episode covers everything you need to know to make an informed decision.

🔍 What You’ll Learn:

Sector coverage vs product teams: key differences

What each team actually does day-to-day

How career paths vary between execution and industry focus

How to switch teams internally (and what banks look for)

Why industry knowledge is critical for winning M&A mandates

Interview tips to speak confidently about team structures

Perfect for students, graduates, and career switchers targeting analyst or associate roles at bulge bracket banks, elite boutiques, or M&A advisory firms.

⏱️ Timestamps:

(00:00) Intro

(00:30) What is sector coverage?

(02:39) Can you change sectors?

(04:14) Sector differences

(05:18) Understanding product teams

(07:13) Choosing the right path in IBD

(08:42) Switching between teams

(10:15) Why industry knowledge is an edge

(13:13) Key takeaways

🔔 Subscribe for weekly episodes

New episodes every week diving into M&A, markets, and career advice in finance.

Fed Rate Cut, M&A Deal Risks, and Trump’s Push to End Quarterly Earnings Sep 18, 2025

This week, Anthony and Piers dive into the Fed’s unexpected “risk management” rate cut, what does that even mean? And why is Powell suddenly more concerned about jobs than inflation?

Then it's on to Trump’s latest bombshell, scrapping quarterly earnings in favour of semiannual reports. Maverick nonsense or a legitimate debate about investor pressure and corporate costs?

Finally, the team dissect the failed sale of Argos from Sainsbury’s to JD.com. Why did the deal collapse? What does it say about cross-border M&A, boardroom discipline, and China’s global shopping spree?

Whether you’re trading the headlines or prepping for a finance interview, this episode is packed with the market mechanics and strategic insight you need.

(00:00) Intro & News in Focus

(02:23) Fed Rate Cut & Market Implications

(10:03) Trading Psychology & Market Reactions

(11:55) Fed Dot Plots Explained

(18:21) Trump’s Corporate Earnings Proposal

(20:21) Press Bias & News Interpretation

(21:00) Quarterly vs. Semiannual Reporting

(26:12) Tech's Role in Corporate Transparency

(31:30) Argos Deal Breakdown

(42:43) Investor Sentiment & M&A Takeaways

Unconventional Tips to Land Your First Finance Internship Sep 15, 2025

In the second episode of our application-season mini-series with the LSE Alternative Investments Conference (AIC), I’m joined by Yuga Kozuki, Co-President of the LSE AIC.

Yuga shares how he secured speculative roles across venture capital, M&A, and hedge funds using cold emailing strategies, automation tools, and the power of student societies. We also dive into handling pressure, reframing rejection, and using AI as a coach and mentor throughout the process.

This episode is packed with practical hacks and mindset shifts to help you navigate application season with resilience, focus, and confidence.

Perfect for any student exploring different finance paths and looking for fresh, actionable ways to stand out.

(00:00) Introduction to Alternative Investments

(01:37) Navigating University Life and Societies

(04:37) Managing Stress and Pressure

(10:05) Building Resilience Through Rejection

(12:21) Value of Networking in University

(15:47) Mastering the Art of Cold Emailing

(26:19) Interview Process for Speculative Applications

(29:53) Leveraging AI Tools for Productivity

► LSE AIC Instagram► LSE AIC LinkTree

Fed Cuts, AI Booms & M&A Deal Flow Returns Sep 11, 2025

In this episode, Anthony and Piers unpack a week of upside surprises, from inflation data clearing the path for Fed rate cuts to Oracle’s shock $455 billion order book and the tech rally pushing markets to fresh highs.

They question whether Wall Street’s S&P 500 forecasts are still too cautious, explore why Klarna’s IPO success might reignite deal flow, and dissect the $53 billion Anglo-Teck copper merger. More than just a headline deal, it’s a masterclass in corporate defense, streamlining portfolios, leaning into future-facing assets like copper, and turning defense into offense with smart, strategic M&A.

(00:00) Market Overview & Outlook

(02:38) Inflation Data & Fed Policy

(05:35) Tech Stocks & Performance

(08:27) Oracle Earnings & AI

(11:01) Musk’s $1T Pay Package

(14:11) Analyst Calls & Forecasts

(16:47) Banks & Deal Flow

(19:35) Klarna IPO & Markets

(22:38) Anglo-Teck Merger

What It’s Really Like Studying at LSE (And Breaking into Finance) Sep 08, 2025

Kicking off our special application-season mini-series, we're joined by Raul Verma, Co-President of the LSE Alternative Investments Conference (AIC), to demystify the finance career journey from inside one of the world’s top universities.

In this episode, Raoul shares his unconventional path, including dropping out and returning to LSE and the real pressures, decisions, and strategies behind landing finance roles.

Whether you're considering banking, exploring alternatives, or just starting your journey, this episode is packed with raw insights, relatable stories, and actionable advice.

Perfect for students navigating their next steps and looking to hear from peers who’ve been there.

(00:00) Intro to the Mini Series

(01:37) Dropping Out of LSE & Coming Back

(08:11) Life at a Top Uni: Pressure & Competition

(13:26) Mentors Matter: Finding Your Guide

(18:08) Handling Parental Expectations

(21:33) How to Apply to Finance Roles

(31:52) Why This Series? + AIC Overview

*****

Learn more about LSE AIC

The UK’s Fiscal Alarm Bell Sep 05, 2025

In this episode, Anthony and Piers dig into the surge in UK borrowing costs, now at their highest since 1998. Is this a warning sign or just a media-fueled blip? They explore the fiscal strain, political reshuffling, and why the pound took a sharp hit earlier in the week.

The conversation then turns to the deeper structural issues—rising inflation, slowing growth, and a widening current account deficit. Could this all snowball into a credibility crisis for the UK government and Bank of England?

Also in this episode: gold’s breakout past $3,500, Goldman’s bold $5,000 call, and what the rally tells us about fading trust in fiat systems and central bank independence.

(00:00) UK: Borrowing & Inflation

(08:41) Debt Spiral

(17:17) Deficits & Outlook

(25:56) Gold as Hedge

(34:25) Trust in Gov’t & Banks

How to Talk About M&A Deals in an Investment Bank Interview Sep 01, 2025

In this episode, Anthony is joined by M&A expert Silvia Magni to break down how to confidently talk about M&A and corporate finance deals in investment banking interviews — even if you haven’t worked on a deal yourself.

We cover what interviewers are really looking for, how to structure your answer like a pro, how to use recent or live deals the right way, and the most common mistakes candidates make (and how to avoid them). Plus, why strategic rationale often matters more than just getting the technicals right.

Whether you're preparing for analyst or associate-level roles, this is packed with practical advice to help you stand out.

📌 Chapters

Use the timestamps to jump to key parts of the conversation.

👇 Let us know in the comments:

What’s one deal you’ve looked into that really caught your attention? And why?

🔔 Subscribe for weekly episodes

New episodes every week diving into M&A, markets, and career advice in finance.

(00:00) Intro: Talking About Deals in Interviews

(00:58) Do You Need Deal Experience?

(01:51) When Deal Questions Come Up

(02:48) Structuring Your Answer

(03:12) Tailoring to the Bank

(04:29) Finding Deal Advisors

(05:14) Deal Framework Essentials

(06:56) Understanding Rationale & Risks

(08:45) Key Deal Points to Cover

(09:22) Strategic Thinking as a Differentiator

(10:01) Moving Beyond the Technicals

(11:05) What Senior Interviewers Want

(12:50) Using Live vs Older Deals

(13:57) Choosing the Right Deal

(15:13) What Interviewers Are Really Testing

(17:52) Common Interview Mistakes

(19:50) Final Tips & Be Genuine

Trump Targets the Fed, French Markets in Turmoil & UK Inflation Surges Again Aug 28, 2025

Piers is back on the mic, and just in time. The markets are heating up and so is the political pressure.

In this episode, Anthony and Piers unpack Trump’s latest attack on the Federal Reserve, this time zeroing in on Governor Lisa Cook with allegations of mortgage fraud. Is this just another headline-grabbing move, or a serious threat to the Fed’s independence?

Then, the focus shifts to France, where political chaos is shaking investor confidence and French markets are tanking. Could Macron’s government collapse? And what happens if it does?

Closer to home, UK households are facing another blow as food and energy prices spike. So why is the Bank of England cutting rates while inflation is rising?

Also in this episode: market reactions to Powell’s Jackson Hole speech, the bond market’s inflation signals, and why traders keenly awaiting the upcoming payrolls report.

(00:00) Reunion and Market Overview

(04:33) Trump's Influence on the Fed

(27:58) Political Turmoil in France

(38:12) UK Inflation and Economic Outlook

Demystifying Commodities with Lauren Haymond, Global Head of Talent Strategy at CCI Aug 18, 2025

In this episode, we shine a light on one of the most powerful yet misunderstood sectors in finance - commodities. Joined by Lauren Haymond, Global Head of Talent Strategy at Castleton Commodities International (CCI), we unpack what makes this industry uniquely dynamic and ripe with opportunity for early career talent.

Lauren shares her personal journey from headhunting to high finance, and breaks down the various roles beyond trading, including risk management, data science, and operations. Discover how CCI fosters rapid career growth, the traits and technical skills that make candidates stand out, and how to navigate emotional resilience in high-pressure roles.

Whether you're a student exploring career options or a young professional aiming to make a meaningful impact, this episode offers invaluable advice on learning agility, proactivity, and how to build lasting industry connections, especially if you’re starting from scratch.

Listen in and get inspired to consider a future in commodities.

(00:00) Introduction and Topics in Focus

(00:48) Lauren's Background in Hiring & Talent

(01:54) The Unique Aspects of Commodities

(07:06) What is Flow & Fundamentals in Trading

(08:54) Skills and Traits for Success in Commodities

(11:19) Understanding Roles in Commodities Trading

(14:20) The Importance of Collaboration at Work

(15:20) Best Practice in your Early Career

(17:48) Building Emotional Resilience

(22:26) The Value of Learning Agility

(25:11) Networking and Career Development in Finance

(28:28) Recommended Resources for Commodities

(30:45) What is Principle Investing?

Find out more about careers at CCI

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Inside Wealth Management with Barclays’ Will Hobbs Aug 06, 2025

In this episode, we dive into the archive to take you back to 2022 when Anthony spoke to Will Hobbs, who at the time of recording was the acting Chief Investment Officer of Barclays Wealth Management.

Will talks about his untraditional route into markets, from training in Italy as a chef to landing his first role in finance, working through the dot-com and financial crisis, and then deconstructing his current role as Chief Investment Officer.

There are lots of tips on networking, leveraging personal experiences, and a detailed explanation of how his team oversees the investment philosophy at Barclays UK in Strategic Asset Allocation (SAA) and Tactical Asset Allocation (TAA) decisions.

We also touch on how he found his real passion later on in his career which ultimately acted as the springboard to later success and discuss how he deals with the pressure of being responsible for key decisions within the division he operates in.

A must listen to episode for those looking to work in asset or wealth management but also for the wider community if you are looking for an open and genuine insight into working in the world of finance.

(00:00) Introduction

(02:10) From chef to CIO

(04:00) Travel, Turkey, and taking risks

(09:50) Early jobs and finding purpose

(13:57) Networking advice: just ask

(16:19) What a CIO really does

(20:12) Handling pressure and big calls

(25:01) Mental health in finance

(30:16) Bitcoin, blockchain, and investing

(34:53) How to start learning markets

(38:03) Final tips for beginners

Meta Surges 12%, Microsoft Tops $4T and the Fed Turn Hawkish Aug 01, 2025

Earnings season is in full swing and Meta and Microsoft are stealing the show. Anthony and Piers dive into why Meta’s shares rocketed 12% on blockbuster earnings, a stunning rebound from its metaverse slump. They explore how Zuckerberg’s all-in AI pivot is paying off, from $100M talent wars to $72B in CapEx.

Microsoft’s cloud machine, Azure, just clocked $75B in annual revenue with 34% growth catapulting the company past a $4 trillion valuation. Is $10 trillion next?

Also on the docket: Trump’s tariff campaign enters high gear as he turns a Scottish golf course into a global trade hub. Deals are landing, inflation fears rise, and Powell’s hawkish stance is pushing the dollar higher. With a September Fed cut now a coin toss, markets are bracing for more.

Big tech, big politics, and even bigger moves, your no-nonsense breakdown of the forces driving the summer markets.

(00:00) Intro & Key Themes

(01:37) Meta Earnings Surge

(12:49) Trump’s Trade Deals

(17:04) Fed’s Hawkish Shift

(31:57) Microsoft’s Cloud Growth

If you enjoy the podcast, please vote for us in the 'Listeners' choice category at the British Podcast Awards 2025!

All you need to do is click on the link, search for 'Market Maker' and input your details, it takes no more than 10 secs! Thank you x

LinkedIn in 2025: 10 Essential Tips to Grow Your Network, Career & Personal Brand Jul 28, 2025

In this episode, Anthony is joined by Dani Markovits, Creator & Community Manager at LinkedIn, to explore how anyone, from students and young professionals to entrepreneurs and senior leaders, can use LinkedIn as a powerful tool for career growth, authentic brand storytelling, and building a strong personal presence.

Whether you're just starting to build your network or looking to stand out in a competitive job market, this conversation is packed with actionable advice.

Dani shares the insider strategies he uses to support LinkedIn’s top creators, from optimising your profile and posting with purpose, to leveraging comments and DMs to spark genuine connections.

Expect practical tips on building your personal brand, being consistent without burning out, and how to turn curiosity into content that adds real value.

If you're serious about your career, you can't afford to treat LinkedIn like just a digital CV. This episode shows you how to turn it into your launchpad whatever your industry.

(00:00) Intro: Why LinkedIn Matters

(01:14) Tip 1: Optimise Your Profile

(05:23) Tip 2: Start Before You’re Ready

(08:37) Tip 3: Comment Like It’s Your Job

(12:31) Tip 4: Curiosity Is a Superpower

(15:29) Tip 5: Create Content That Adds Value

(23:57) Tip 6: Be Generous With Others

(27:52) Tip 7: Stay Consistent

(31:18) Tip 8: Send Better DMs

(34:57) Tip 9: Experiment With Different Formats

(36:11) Tip 10: Be Known For Something

Google’s $85B AI Push, Tesla Bets on Robotaxis and Meme Stock Mania Returns! Jul 24, 2025

Big Tech earnings are rolling in and Alphabet just dropped a strong quarter, with search and cloud firing on all cylinders. Anthony and Piers unpack why fears of AI eating into Google’s ad machine are overblown (for now), and what a mind-bending $85 billion AI spend tells us about the battle for dominance.

Meanwhile, Tesla’s numbers paint a rougher picture. Revenue down, profits off a cliff, and EV incentives scrapped. But Musk’s betting big on robotaxis and he’s not alone. The guys break down the race between Tesla, Waymo, and Amazon’s Zoox for the future of driverless mobility.

Also in this episode: Trump’s new Japan trade pact sends Japanese automakers soaring, a look at how the carry trade could backfire on the US, and why meme stocks like Krispy Kreme are suddenly back in the spotlight.

(00:00) Intro

(03:07) Alphabet Earnings

(07:08) Google Cloud & AI

(09:26) $85B AI Spend

(14:29) Mag 7 Check-In

(16:53) Tesla Misses

(21:24) Musk’s Big Bets

(23:20) RoboTaxi Showdown

(28:39) Can Tesla Win?

(32:38) Trump’s Japan Deal

(36:54) Carry Trade Risk

(40:43) Meme Stocks Return

(46:23) WallStreetBets Redux

The Role of Data Analytics in Trading | Victoria Bryan, Senior Vice President at Northern Trust Jul 21, 2025

In this episode, Anthony speaks with Victoria Bryan, Senior Vice President, Trade Performance and Analytics, Banking and Markets, Northern Trust, about how data analytics shapes trading decisions and drives performance on the trading floor.

Victoria shares how she built a career at the intersection of data, markets, and communication, teaching herself to code, translating complex insights for stakeholders, and leading with curiosity and adaptability.

It’s a candid look at one of the most impactful (and often overlooked) roles in finance, full of practical advice for anyone exploring data-driven careers or trying to stand out early in the industry.

(00:00) Introduction to Data Analytics in Finance

(01:24) Victoria Bryan's Journey: Education and Early Career

(06:17) Understanding Northern Trust and Its Role

(09:05) Navigating Career Challenges and University Selection

(14:20) Mindset Shifts for Career Pivots

(18:07) The Willingness to Learn and Personal Growth

(21:52) The Role of Data Analytics in Trading Decisions

(25:15) Essential Skills for Success

(29:09) The Balance of Communication Skills

(31:33) Building Confidence in Public Speaking

(35:51) Navigating Imposter Syndrome

(42:43) The Importance of Networking

(46:16) Advice to My Younger Self

Wall Street Earnings, Inflation Headwinds & The Rise of TWACO Jul 17, 2025

Earnings season is here, and Wall Street’s heavyweights came out swinging. Anthony and Piers unpack how Goldman Sachs and Morgan Stanley crushed Q2, driven by record trading revenues and a surprise rebound in deal flow.

They explore Morgan Stanley’s booming wealth arm with $59 billion in fresh inflows, and how JP Morgan’s universal model is thriving, from trading floors to retail lending. Plus, BlackRock’s puzzling $52 billion client pullout, a bond ETF surge, and crypto ETFs making noise.

Also: inflation surprises in the UK and US, and Trump’s “Twaco” trade rakes in $64 billion in tariff revenue.

A easy to understand breakdown of the macro forces steering the summer markets.

(00:00) Intro & Themes in Focus

(01:30) Goldman Sachs, Morgan Stanley Earnings

(08:07) The Goldman Model Business Explained

(10:01) What is FICC and Equities in a Bank?

(16:18) Wealth Management and Its Importance

(20:46) J.P. Morgan: How a Universal Bank Works

(24:35) BlackRock Q2 earnings summary

(31:30) Inflation Trends in the UK and US

(39:44) Trump Tariff Revenues & TWACO

Nvidia’s $4 Trillion Milestone, Trump’s Copper Tariff Shock & Goldman’s Bullish View Jul 10, 2025

Markets extended their stunning 2025 rebound, with the S&P 500 logging one of the fastest recoveries from a bear market on record. Anthony and Piers unpack Goldman’s bullish upgrade spree and how Nvidia’s $4 trillion surge is fueling the rally.

They dissect Trump’s copper tariff shock, the market’s technical whiplash, and what it reveals about U.S. supply chain fragility. Plus, the “Big Beautiful Bill” signed on July 4th quietly eliminated a top 2025 risk while cutting taxes and scrapping green subsidies.

Also on the docket: Apple’s AI lag, UK gilt drama, and why big money like BlackRock is buying the dip. From CDS mechanics to market psychology, the episode maps the key drivers behind the summer surge.

(00:00) Intro & Key Themes in Focus

(02:21) Market Outlook and Stock Predictions

(08:51) The Rise of Nvidia and Big Tech

(13:53) Trump's Tariffs and Copper Market Dynamics

(22:56) The Big Beautiful Bill and Debt Ceiling Updates

(26:07) Understanding Credit Default Swaps (CDS)

(31:52) UK Gilt Yields and Market Reactions

2025 Mid-Year Market Review: Stocks, Tariffs, AI & What’s Next Jul 02, 2025

Markets staged a stunning rebound in the first half of 2025 - after a brutal start that saw the S&P 500 plunge into bear market territory. Anthony and Piers rewind the chaos: Trump’s tariff shock on “Liberation Day,” the inflation scare that followed, and how a market left for dead came roaring back to record highs.

They unpack the Fed’s evolving rate path, the quiet rise of a “shadow chair” ahead of Powell’s potential exit, and why Nvidia’s earnings may have rescued the AI hype cycle. Plus, Netflix and Uber emerge as surprise stars of H1, while Italy’s bond market revival puts it on the economic leader board.

From VIX lows to fiscal turnarounds, this episode cuts through the noise and spotlights what really mattered and what’s coming next.

(00:00) Intro & Themes in Focus

(02:18) Market Overview: A Roller Coaster Year

(08:43) What to Watch Going Forward

(13:20) Trumps Escalate to Negotiate Strategy

(14:48) AI Stocks Remain a Key Driver

(16:49) VIX: The Fear Gauge

(19:56) Sector Performance and Key Players

(23:39) Banks Strong Performance in 1H25

(25:50) Netflix Successful Turnaround

(31:13) Uber's Turnaround and Future Prospects

(36:07) Italy's Economic Recovery and Political Stability

Inside the Biggest M&A (Sports) Deals: LA Lakers, Chelsea FC, ESPN & Franchising Rugby Jun 30, 2025

Anthony, Stephen, and Silvia break down the $10 billion blockbuster sale of the LA Lakers. Why did the Buss family cash out after 40 years and what makes the Lakers the world’s most valuable sports franchise? From brand power and valuation layers to the media rights behind the deal.

Then, Chelsea FC quietly sells off its women’s team… to itself? Stephen exposes the dark arts of private equity and how Chelsea dodged FFP rules with some creative accounting.

Finally, ESPN buys into lacrosse, and English rugby looks to American-style franchising to stay alive.

Is sport just business now and what does it mean for the future of valuations?

(00:00) Intro and Farewell

(04:57) Welcome Silvia to the Show

(05:57) The LA Lakers Record-Breaking Valuation

(27:15) Private Equity in Women's Soccer

(37:09) Emerging Trends in Lacrosse and Rugby Investments

What's Happening In Financial Markets Right Now (Trump, Geopolitics, US Stocks & Oil Prices) Jun 28, 2025

Markets hit new highs this week, but under the hood, things are anything but settled. Anthony and Piers unpack the Nasdaq’s breakout, Nvidia’s relentless rally, and why a historic rebound might be more than just a bounce.

They dig into Trump’s latest attack on Powell and the rise of a “shadow chair” theory already shifting rate expectations—and markets.

Plus, why Iran’s missile strike on a U.S. base sent oil crashing, not soaring. From data to geopolitics, this episode filters out the noise and finds the signal.

(00:00) Intro & Themes in Focus

(01:50) Market Resilience Amidst Turbulence

(08:12) Nvidia Back on Top

(13:18) Trump's Influence on Monetary Policy

(25:18) Geopolitical Tensions and Market Reactions

How to Navigate Your Early Career in Finance (Sell-Side & Buy-Side) Jun 25, 2025

In this episode, Anthony speaks with Wee Kii Teh, a Portfolio Manager at Allianz Global Investors, about the practical skills and mindset needed to succeed in a competitive finance career.Drawing on experience across credit risk, capital markets, and now impact investing, Wee Kii shares what really sets top interns apart, how to adapt to new roles quickly, and why asking smart questions is more important than knowing all the answers.Whether you’re preparing for an assessment centre, trying to decide between sell-side and buy-side, or figuring out how to navigate workplace culture, this conversation is full of actionable insight.Expect practical tips on upskilling, career transitions, building strong relationships, and finding roles that match your values and ambition.(00:00) Introduction and Career Journey(02:26) Transitioning from STEM to Finance(08:59) Building Confidence and Seeking Mentorship(13:36) Adapting to New Environments and Upskilling(16:33) The Importance of Company Culture(21:21) Internship Insights and Attributes of Top Interns(24:54) Buy-Side vs Sell-Side Experience(27:53) Cultivating Relationships and Mentorship(31:58) Career Priorities and What Changes with Seniority(34:08) Impact Investing and ESG Opportunities(40:02) Advice for Young Professionals

From Vibe Coding to Bank Battles: Cursor’s Meteoric Rise and Europe’s M&A Deal Drama Jun 23, 2025

Anthony and Stephen explore how Cursor became the fastest-growing AI startup ever, from MIT roots to “vibe coding” hype and a $20 billion valuation in just 14 months.

Then, it’s boardroom drama in Spain as Sabadell spins off TSB to block a hostile takeover from BBVA — a strategic move with big implications for European banking.

Finally, Barclays brings in McKinsey to cut costs. What happens when consultants start targeting front-office jobs and what does it signal for banking careers in the age of AI?

(00:00) Intro & Topics in Focus

(02:40) Cursor and Vibe Coding

(18:23) The Spanish Banking Landscape and TSB

(30:51) Barclays and the Role of Consultants in Investment Banking

Trailer: Market Maker Jun 20, 2025

Welcome to Market Maker - the podcast that makes finance interesting and easy to understand for everyone.

Hosted by Anthony Cheung, Chief Content & Culture Officer at AmplifyME, each week he and a guest break down what’s really moving markets, from interest rates and tech stocks to global politics and the latest M&A deals.

Think of it like the FT... but with fewer buzzwords, more clarity, and a lot less taking ourselves too seriously.

For anyone looking to understand markets better, whether for their career, business, or just curiosity — this is your edge.

Subscribe now to Market Maker and stay one step ahead.

What's Happening In Financial Markets Right Now (Fed, BoE & Geopolitics) Jun 19, 2025

Markets have stayed calm so far this week, but central banks and geopolitics were anything but. Anthony and Piers break down the Fed’s muted meeting, the revised growth and inflation forecasts, and the hidden signals in the dot plot. Over in the UK, a dovish shift at the Bank of England suggests more cuts are coming despite a steady headline rate.

They also unpack rising tensions between the U.S., Israel, and Iran, and what oil markets are really telling us about the risk of escalation.

From vote splits to forward guidance, this episode filters the noise to reveal the signals that matter.

(00:00) Intro & Topics in Focus

(02:03) Fed Hold Rates But Dot Plots Move

(17:49) Bank of England's Strategy and Vote Split

(27:39) Geopolitical Tensions and Market Reactions

The Week in M&A: Disney Buys Hulu, Meta’s $15bn AI Bet & Billion-Dollar Chicken Jun 16, 2025

From a $33 billion family tie-up at Toyota to Japan’s 400% surge in M&A activity, Anthony and Stephen break down the latest investment banking scorecard and why dealmakers are suddenly flocking East.

They also dig into Disney’s final takeover of Hulu, the $15 billion Meta bet on AI startup Scale, and the fiery rise of Dave’s Hot Chicken, where three friends turned a $900 parking lot pop-up into a billion-dollar brand.

Essential listening for anyone tracking global M&A trends, streaming wars, AI arms races and the unexpected lessons of franchise chicken economics.

(00:00) Intro & Themes in Focus

(02:09) Investment Banking Scorecard Overview

(04:09) Japan's M&A Surge: A Deep Dive

(10:46) Disney's Strategic Acquisition of Hulu

(16:46) Meta's $15 Billion Bet on AI

(23:25) The Rise of Dave's Hot Chicken

****

Check out the AmplifyME Summer Analyst Tradining Programme https://amplifyme.com/summer-analyst-programme

What Happened In Markets This Week: Oil's Spike, US CPI & US-China Trade Talks Jun 13, 2025

Markets erupted this week as oil spiked 13% overnight following Israeli strikes on Iran. Anthony and Piers unpack what it all means from geopolitical shockwaves to the tactical chaos of trading during breaking news.

They also dive into the concept of backwardation and why it's dominated the oil market for years, despite the headlines. Plus, what U.S. inflation data reveals about Trump’s tariff strategy and the real pressure behind his attacks on Fed Chair Jerome Powell.

With the Fed meeting looming, a surging FTSE defying weak UK GDP, and signs of a subtle U.S.–China détente in London, this episode helps you connect the dots in a world full of noise.

(00:00) Intro & Key Themes in Focus

(02:14) Market Reactions to Geopolitical Events

(12:33) Understanding Oil Market Dynamics

(17:47) US Inflation Data and Its Implications

(25:39) Trump Pressures the Fed to Cut

(27:50) US-China Relations and Market Impact

(32:45) UK GDP and the Resilience of the FTSE 100

Inside the Biggest PE & M&A Deals You Need to Know (KKR, Telegraph, Salesforce, Informatica) Jun 09, 2025

From Wall Street’s wild recruiting arms race to the collapse of KKR’s £4bn Thames Water rescue, Anthony and Stephen unravel the biggest private equity stories shaping markets right now.

They unpack why PE firms are hiring grads five years early (and why J.P. Morgan’s furious), the 35% drop in global fundraising, and what it means for the industry’s future. Plus: Salesforce bets $8bn on Informatica in a bold AI data play, and after 717 days of drama, the Telegraph sale finally nears the finish line.

Essential listening for anyone navigating the high-stakes world of M&A, private equity power moves, and the politics behind billion-dollar deals.

(00:00) Intro & Themes in Focus

(01:55) What Makes a Good LBO Candidate

(04:54) Recruiting Mania in Private Equity

(14:16) KKR and Thames Water Update

(21:06) Private Equity Fundraising Trends

(30:33) Telegraph Acquisition Insights

(34:34) Salesforce's Acquisition of Informatica

The Trading Floor: What to Know Before Your Markets Interview Jun 04, 2025

Piers Curran returns to break down the macro landscape as we head into the second half of 2025, just in time for interview season.

We unpack the three economic pillars: growth, inflation, and interest rates through the lens of Trump’s tariffs, the U.S. deficit crisis, and conflicting market signals.

Why are stocks near highs while bond yields and the dollar signal caution? What’s really behind gold and Bitcoin’s surge? And how should you interpret these moves when sitting across from an interviewer?

Whether you're prepping for an assessment centre or trying to read the market tea leaves, this episode is your macro cheat sheet.

(00:00) Introduction and Overview of Market Trends

(03:07) GDP, Inflation, and Interest Rates

(06:13) The Impact of US Politics on Markets

(08:55) Market Reactions: US yields vs US Dollar

(16:33) What On the Radar In The Coming Months

(21:28) What Next For Stocks?

(25:13) Retail vs Institutional Investors

(27:53) Crude Remains Weak While Gold and Bitcoin Rally

(31:43) China's Economic Performance and Global Implications

Switching From Tech to Finance: Career Paths Explained with Sara Ruozzo (UBS) May 28, 2025

In this episode, Anthony speaks with Sara Ruozzo, whose journey from classical studies in Milan to internships at Microsoft and Tesla, and now working in sustainable investments at UBS, is a masterclass in career pivoting with purpose.

If you're a student from a non-finance background or early in your career, wondering how to break into finance (and feel like everyone else already knows the playbook), this one's for you.

Sara discusses the real value of a STEM background in the finance industry and why saying yes to new experiences (even when you're unsure) can be the fastest route to finding your edge.

Expect jargon-free advice, practical tips on self-teaching, the value of rotations and graduate schemes, and how to build a story that makes employers sit up and listen.

(00:00) Introduction and Background

(03:01) Career Pivots and Decision-Making Process

(05:49) Transitioning into Finance

(08:23) Building Confidence and Self-Awareness

(11:58) Knowledge Gaps and Learning Strategies

(14:53) Soft Skills and Growth Mindset

(19:10) Practical Steps to Upskilling

(26:24) The Power of Networking

(27:28) Cultivating a Growth Mindset in Finance

(31:51) Leveraging a STEM Background in Finance

(36:36) The Value of Cultural Experiences

(43:55) Articulating Your Career Journey

(46:56) Practical Tips for STEM Students in Finance

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The Deal Room: Inside the Biggest M&A Deals You Need to Know (Blackstone, Goldman Sachs, Victoria's Secrets, OpenAI) May 26, 2025

From a $35bn “Valentine’s Day love letter” to OpenAI’s mysterious $6.5bn hardware play, Anthony and Stephen break down the biggest deal stories shaking up markets this week.

They also dive into the private equity pullback as firms like Blackstone and KKR slump, why Goldman Sachs is going big on the Middle East, and how Victoria’s Secret is fighting off unwanted attention with lingerie and a poison pill.

Essential listening for anyone curious about the mechanics of mega M&A, private equity’s shifting playbook, and the strange overlap between fashion, finance, and billion-dollar drama.

(00:00) Intro & Key Themes

(01:43) The $35 Billion Love Letter

(09:36) OpenAI's Bold Acquisition

(16:42) The State of Private Equity

(23:23) Goldman Sachs in the Middle East

(27:14) Victoria's Secrets Poison Pill

(32:55) Google's $700 Million Gift

*****

Are you a student interested in exploring a career in finance?

Check out the AmplifyME Summer Analyst Training Programme https://amplifyme.com/summer-analyst-programme

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The Trading Floor: UK’s Surprise Boom vs. America’s Debt Doom May 23, 2025

From a surprise jump in UK inflation to soaring retail sales and a surging pound, Anthony and Piers break down why Britain’s economy is defying expectations and what it means for interest rate cuts.

They also unpack the bizarre logic behind OPEC’s production hike amid falling oil prices, gold’s fresh rally on renewed debt fears, and how Trump’s “Big Beautiful Bill” could push US borrowing costs to record highs.

Essential listening for anyone trying to make sense of inflation surprises, energy market gamesmanship, and the slow-burning fuse of America’s fiscal crisis.

(00:00) Intro & Key Themes

(01:37) UK Inflation and Consumer Confidence

(08:10) Oil Market Dynamics and OPEC's Strategy

(15:15) Gold's Resurgence Amid US Debt Concerns

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The Deal Room: IPO Market 2025 & Investment Bank League Tables (Feat. eToro, CoreWeave, Revolut, Figma...) May 19, 2025

From eToro’s blockbuster debut to the return of SPACs and the flood of micro IPOs from China, Anthony and Stephen break down what’s really happening in the 2025 IPO market.

They also dive into the data behind Japan’s surprise IPO boom, why London continues to lag, and which investment banks are topping the ECM league tables, with one unexpected name climbing fast.

Essential insight for anyone tracking deals, equity markets, and the big stories behind this year’s public listings.

(00:00) Intro & Key Themes

(02:47) IPO Market Overview: Year-to-Date Performance

(05:14) Micro Listings: A New Trend in IPOs

(13:01) Understanding SPACs and Their Role

(17:41) Global IPO Activity: A Broader Perspective

(20:21) Sector Analysis: What Companies Are Going Public?

(24:01) eToro IPO & Notable Companies to Watch

(33:44) UK IPO Landscape: Challenges and Opportunities

(36:52) Investment Banks: League Tables and Revenue Breakdown

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The Trading Floor: Why the S&P 500 Just Rallied 20% in 5 Weeks May 16, 2025

From a blistering 20% S&P rebound to Trump’s tariff U-turn, Anthony and Piers unpack what’s behind one of the fastest stock market rallies in recent memory — and whether it can last.

They also dive into the surprise inflation slowdown, what it means for Fed rate cuts, and why the looming US debt ceiling deadline could be the next big market risk. Plus, is “taco trade” the new “buy the dip”?

Essential listening for anyone trying to make sense of fast-moving markets, policy shifts, and the psychology driving investor behavior.

(00:00) Intro & Key Themes

(03:05) What’s Driving the Market Rebound

(09:03) US Inflation Trends & Fed Rate Cut Hopes

(14:56) Trading Psychology: Fear, Risk & Strategy

(16:00) The Debt Ceiling Explained - And Why It Matters

(24:29) One Market Factor You Might Be Overlooking

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Finding your Investment Edge with Portfolio Manager Mahgul Ansari May 14, 2025

In this career insight episode, Anthony speaks with Mahgul Ansari, an Assistant Portfolio Manager at Premier Miton, about her unconventional path into investment management.

Starting out studying modern languages at Oxford University and later qualifying as a chartered accountant, Gul shares how she pivoted into asset management, the challenges she faced along the way, and how she built an edge in the industry by combining linguistic, analytical, and accounting skills.

Gul opens up about dealing with rejection, breaking into the industry without a finance degree, and why authenticity and personal branding matter more than ever.

(00:00) Gul's Journey: From Languages to Finance

(07:22) Navigating Career Challenges and Self-Discovery

(16:56) Finding Your Edge in Investment Management

(23:50) The Role of a Portfolio Manager

(28:34) Personal Branding and Authenticity in Finance

(37:46) Diversity and Inclusion in Asset Management

(45:45) Exploring Non-Traditional Paths into Finance

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The Deal Room: Inside the Biggest M&A Deals You Need to Know This Week (Shell, BP, Skechers, Sunoco) May 12, 2025

From Shell eyeing BP in a historic mega-merger to 3G Capital’s surprise $9.4bn move on Skechers, Anthony and Stephen break down the M&A headlines driving markets this week.

They also unpack Sunoco’s $9.1bn cross-border play for Canada’s Parkland and explain what a “fairness opinion” really means.

Essential insight for anyone interested in deals, strategy, and what real money is doing in volatile times.

(00:00) Intro & Topics on the Table

(02:41) Mega M&A Deal: Shell and BP

(24:20) Skechers Acquisition by 3G Capital

(32:40) Sunoco's Acquisition of Parkland

(36:00) Understanding Fairness Opinions in M&A

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The Trading Floor: Why the Fed Won't Be Cutting Interest Rates Anytime Soon May 08, 2025

The Fed kept rates on hold - no surprise there. But in this episode, Anthony and Piers dig into the real story: the subtle shifts in language, the rising risk of stagflation, and how Trump’s tariff war is clouding the economic outlook.

They break down why traders hang on Powell’s every word, how markets react before policy changes, and what conflicting data says about where the US economy is headed. Whether you're trying to make sense of monetary policy or sharpen your market instincts, this is the episode that connects the dots, minus the jargon, with all the context.

(00:00) Understanding the FOMC Announcement

(02:47) Monetary Policy's Impact on Markets

(05:52) Decoding Economic Data and Fed's Challenges

(08:33) Powell Fires Back at Trump

(11:32) Unpacking Changes in the Fed's Statement

(16:14) Market Reactions and Future Expectations

(18:48) Tariffs, Negotiations, and Market Sentiment

(21:10) Interest Rate Futures and Market Predictions

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The Deal Room: Will Meta Be Forced to Spin Off Instagram and WhatsApp? May 06, 2025

Meta is back in the crosshairs of the FTC. Could Zuckerberg really be forced to spin off Instagram or WhatsApp?

We explore the legal showdown, what it means for antitrust enforcement in big tech, and the potential ripple effects for future M&A deals in Silicon Valley.

Then, we head to the UK where private equity giant KKR is circling Thames Water with a potential £4 billion investment. It’s a classic case of distressed infrastructure meets sharp-elbowed private capital.

Tune in for a breakdown of the business models, political implications, and what these deals say about the future of competition and capitalism.

(00:00) Introduction and Overview of M&A Topics

(02:44) Meta's Antitrust Battle and Business Model Critique

(10:30) FTC's Antitrust Case Against Meta

(17:44) Implications of Antitrust Case for Big Tech

(25:46) KKR's Acquisition of Thames Water

(32:25) Private Equity vs. Nationalization of Utilities

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The Trading Floor: Why The U.S. Economy Isn't As Weak As It Looks May 02, 2025

Anthony and Piers break down the latest U.S. GDP figures that sent headlines into a frenzy, but is the economy really on the brink of recession?

This episode dives into the mechanics behind the data, why imports distorted the numbers, and what it really means for the Fed, markets, and your investment outlook.

Clear, no-nonsense insight that cuts through the headlines.

(00:00) Introduction and Economic Context

(02:09) Understanding GDP and Its Implications

(06:30) Consumer Sentiment and Economic Resilience

(12:34) Market Reactions and Future Projections

(19:06) Conclusion and Key Takeaways

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Making It in Finance from a Non-Target Uni and No Finance Degree with Guinevere Taylor Apr 30, 2025

Guinevere Taylor didn’t study finance. She didn’t go to a top-tier uni. But she built a successful career in asset management and after several years as a director at a major sell-side bank, she now leads UK Capital Formation at Brightwood Capital.

In this episode, she shares how she broke into the industry, built confidence in client-facing roles, and juggled early motherhood with a demanding career.

If you're a student or young professional looking for real, relatable advice on thriving in finance, this conversation is for you.

(00:00) Fiji to Finance

(02:47) From Credit Cards to Asset Management

(06:06) The Importance of Soft Skills in Client Relations

(08:57) Balancing Work and Motherhood

(11:57) Embracing Diversity and Inclusion

(15:09) Why Building Relationships is Key Skill

(17:59) Finding your Right Fit

(21:06) Networking for Young Professionals

(24:05) Advice for Future Generations

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The Deal Room: Inside the Biggest M&A Deals You Need to Know This Week Apr 28, 2025

In this podcast episode, Anthony and Stephen unpack the return of mega mergers, from Capital One’s $35.5bn takeover of Discover Financial to Nomura’s strategic $2bn acquisition.

Plus, they dive into why private equity is reshaping the accountancy world through massive consolidation plays like Baker Tilly and Grant Thornton.

Whether you're aiming for banking, asset management, accounting, private equity, or advisory, this is essential insight to stay ahead of the curve.

(00:00) Introduction to M&A Deals

(02:05) Capital One's $35.5 Billion Acquisition

(09:02) Nomura's Strategic Acquisition of Macquarie

(16:00) Baker Tilly's Acquisition of Moss Adams

(25:50) Grant Thornton's Fragmented Structure and PE Involvement

***

Take a free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Trump vs The Fed - What You Need To Know Apr 23, 2025

What happens when a president hints at firing the Fed chair, markets spiral, and Elon Musk suddenly retreats from Washington?

In this episode, Anthony and Piers dissect Trump’s headline-grabbing U-turn, the deeper implications for Fed independence, and why Tesla shares soared despite disastrous earnings.

Plus, is a US-China trade thaw finally in sight and what could that mean for inflation and rates? Another high-stakes week in global markets made easy to understand for everyone.

(01:58) Trump vs Powell: The Current State of Play

(05:03) Why Does Trump Want Lower Rates?

(06:19) Can Trump actually fire Fed Chair Powell?

(09:53) How have Markets Reacted to this Idea?

(15:19) The Most Important Story Isn't Trump

(18:19) Why Fed Independence is Important

(21:18) Is a Japanese and Indian Trade Deal Coming?

(25:50) Elon Musk Turns Attention Back to Tesla

(33:11) Handling Volatile Markets When Investing

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The Deal Room: Is ESG Dead? (Part 2) Apr 21, 2025

In part two of our ESG mini-series, Anthony Cheung and Stephen Barnett dive into the backlash that’s hit the ESG world: record fund outflows, greenwashing scandals, political pushback, and major asset managers quietly stepping away. But is this really the end… or just the next chapter?

They explore why ESG has become so controversial, why the US and Europe are heading in different directions, and whether it’s still possible to invest with purpose and make money. Plus, some practical advice for anyone thinking about a career in sustainable finance—especially how to stay grounded when trends shift.

If you’re looking to understand the bigger picture and where ESG goes from here, this one’s for you.

(00:00) The State of ESG: Is It Dead?

(04:26) US vs. Europe: A Cultural Divide in ESG Commitment

(10:04) Greenwashing: The Challenge of Authenticity in ESG

(15:12) The Importance of ESG in a Volatile World

(19:06) Anti-Fragility: Thriving Through Challenges

(22:38) Next Steps: Exploring ESG and Career Paths

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The Human Side of Finance: Soft Skills, Neurodiversity, and Global Markets (Senior Sales & Trading Exec) Apr 16, 2025

In this episode, Anthony sits down with Miren-Edurne De Frutos, a senior sales & trading executive with decades of global experience across top-tier investment banks.

Fluent in five languages and having worked across eight countries, Miren shares her refreshingly honest take on:

What sales & trading roles actually involve (minus the jargon)
How to stand out in finance by mastering soft skills
The power of building authentic, long-term relationships
Why neurodiversity still isn't talked about enough in markets and how she’s using her voice to change that

From waiting tables in New York to pitching complex ideas to institutional clients, Miren’s journey is packed with stories, practical advice, and raw insight into what it really takes to succeed and be yourself in finance.

Whether you’re exploring a career in markets or already navigating one, this is a conversation you don’t want to miss.

(02:02) Introduction to Career Insights and Neurodiversity

(03:56) Understanding Roles in Investment Banking

(06:40) How Language Skills Helped

(09:09) The Importance of Personal Growth and Adaptability

(12:22) Standing Out in a Competitive Environment

(15:33) Building Your Board of Directors

(19:07) The Art of Selling and Building Relationships

(22:45) Networking vs. Relationship Building

(26:09) Navigating Neurodiversity in Finance

(35:18) Leveraging Technology for Neurodiverse Individuals

(38:24) Creating Inclusive Environments in Finance

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The Deal Room: ESG Explained — Beyond the Buzzword (Part 1) Apr 14, 2025

Is ESG just a buzzword or does it still matter? In this two-part episode, Anthony Cheung is joined by ESG expert Stephen Barnett to unpack what ESG really means, where it came from, and why it’s become so confusing (and controversial). From trillion-dollar funds to wind turbines on glossy brochures, they explore the good, the bad, and the misunderstood.

Whether you're curious about impact investing, thinking about a career in sustainable finance, or just want to finally understand what ESG actually means beyond the acronym, this is the episode for you.

(00:00) Introduction to ESG and Its Importance

(05:43) The Historical Context of ESG

(12:22) The Size and Scope of the ESG Industry

(18:29) Understanding ESG Investing Strategies

(26:16) Impact Investing vs. ESG

(31:21) Challenges in ESG Investing

(37:16) Philosophical Considerations in ESG Investing

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The Trading Floor: Trump’s Tariff Reversal Sparks Historic Stock Rally Apr 10, 2025

In one of the wildest weeks on Wall Street since 2008, markets flip from panic to euphoria—thanks to a single Truth Social post and a dramatic policy reversal from Donald Trump. But was it all part of the plan?

In this episode, Anthony Cheung and Piers Curran break down:

Why the S&P 500 had its biggest one-day jump since the financial crisis
The real asset class that forced Trump’s hand (hint: not equities)
What bond yields, auction flops, and China’s emergency meetings say about global market stress
How traders at JPMorgan are thriving while hedge funds like Renaissance take a beating
And what this all means for students and young professionals trying to understand today’s markets

Fast-moving, high-stakes, and full of insight. This is the episode you need to hear to stay commercially aware!

(02:01) Market Movements and Trump's Influence

(08:17) The Role of Inflation and Federal Reserve Actions

(12:08) Trump's Negotiation Tactics and Market Reactions

(17:26) Bond Market Dynamics and Economic Implications

(26:55) China's Response and Future Strategies

(32:05) Investment Bank Scenarios of What Next?

(36:49) Trading Booms & Banking Busts

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The Truth About Working in Quant Finance with Nitish Maini, Chief Strategy Officer at WorldQuant Apr 09, 2025

What does it take to succeed in quant finance? Anthony Cheung sits down with Nitish Maini, Chief Strategy Officer at WorldQuant, to discuss his journey from consulting to quant trading, the biggest misconceptions about the industry, and why creativity and strategic thinking are just as important as coding skills.

They also explore how WorldQuant is reshaping global talent pipelines through initiatives like the WorldQuant BRAIN platform and the International Quant Championship, opening doors for aspiring quants worldwide.

If you're interested in quant finance, or just curious to learn more, this episode is for you!

Enter the International Quant Championship qr.wqbrain.com/bfqLYv

Learn2Quant YouTube series by WorldQuant https://shorturl.at/BR2v6

*****

(00:00) Introduction to Quantitative Finance and Nitish's Background

(08:45) The Difference Between Quant Researcher and Portfolio Manager

(19:07) The Evolution of Quantitative Finance

(20:55) Demystifying Quant Finance

(24:05) WorldQuant: A Unique Approach to Quant Finance

(26:06) WorldQuant Brain: Crowdsourcing Alpha Signals

(30:01) Learn to Quant: Educational Initiatives

(32:16) International Quant Championship: A Global Competition

*****

(WorldQuant defines alphas as mathematical models that seek to predict the future price movements of various financial instruments)

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The Deal Room: 10 Stocks Feeling the Trump Heat (or Love!) - Part 2 Apr 07, 2025

In the second half of this two-part series, Anthony and Stephen unpack the political and economic ripple effects of Trump's first term on Nike, European carmakers, EV charging firms, luxury giants like LVMH and even private prison operators. From tariffs to executive orders, find out who’s adapting, who’s lobbying, and who’s quietly making billions.

(00:35) Nike's Struggles Amid Trade Wars

(09:23) Impact of Tariffs on European Car Manufacturers

(17:30) Challenges for EV Charging Companies

(22:34) Luxury Brands and Political Influence

(25:14) The Rise of Private Prisons Under Trump

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Breaking into Private Equity & Investment Banking: Salena Lee’s Unconventional Finance Journey Apr 03, 2025

How do you break into finance without a traditional background? Salena Lee, a Director in Real Estate Investment Banking EMEA at JLL, shares her unconventional journey from politics to investment banking and private equity, revealing the challenges, opportunities, and mindset shifts that made it possible.

She discusses the importance of self-awareness, networking, and the balance between technical and soft skills in career success. Salena also dives into cultural differences in business, the power of mentorship and sponsorship, and why patience is key to long-term growth.

(00:00) Navigating an Unconventional Career Path

(03:16) Transitioning into Finance: Challenges and Opportunities

(07:31) The Importance of Self-Awareness in Career Growth

(10:08) Technical Skills vs. Soft Skills in Finance

(12:22) Cultural Influences on Business Practices

(16:58) Mastering Presentation Skills

(18:54) Realities of Finance Careers: Investment Banking vs. Private Equity

(21:55) Managing Stress in High-Pressure Environments

(24:14) The Art of Selling Yourself

(28:30) The Role of Mentorship and Sponsorship

(34:49) The Importance of Patience in Career Development

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The Deal Room: 10 Stocks Feeling the Trump Heat (or Love!) - Part 1 Mar 31, 2025

What do Tesla, Chevron, Paul Weiss, Accenture, and Boeing all have in common? In this episode, Anthony and Stephen dive into the companies most impacted, positively or negatively, by Donald Trump’s latest term in office.

From surprise military contracts and stealth fighter jets to sanctions, executive orders, and collapsing EV valuations, this episode breaks down how politics and policy are shaking up corporate America.

You’ll learn:

(00:00) Introduction to Trump's Impact on Companies

(02:45) Tesla's Rollercoaster Ride

(09:43) Chevron and Tariff Day

(13:56) Paul Weiss: Politics and Law

(19:41) Accenture's Consulting Challenges

(23:11) Boeing's Military Contracts and Future Prospects

This is Part 1 of a two-part series tracking 10 companies caught in the Trump storm, so remember to follow and tune in next week for part 2!

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The Trading Floor: Is the UK Economy on Brink of Stagnation? Mar 28, 2025

Is the UK economy teetering on the edge, or are we all just stuck in a cycle of doomscrolling and media hype?

In this episode, Anthony and Piers unpack the headlines dominating UK news, from surprisingly strong retail sales and wage growth to rising inflation forecasts and the Chancellor’s latest budget. Is this the start of a turnaround, or just a temporary blip before more pain to come?

We explore:

(01:24) The UK Economy: A Stagnation Debate

(04:21) Retail Sales: Signs of Recovery?

(07:10) Wage Growth and Consumer Spending

(10:11) Comparing UK and US Consumer Behavior

(13:50) Inflation Trends and Economic Outlook

(21:52) The Impact of the Budget on the Economy

(27:15) Final Thoughts: Is the UK on the Brink?

Listen now to find out if the UK is heading for stagnation… or finally shaking off the slump.

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The Deal Room: Google's $32B Cybersecurity Bet, Pepsi’s Health Kick & ESG’s Resilience Mar 24, 2025

In this episode, Anthony and Stephen discuss three major business stories: Google's acquisition of cybersecurity firm Wiz for $32 billion, PepsiCo's $2 billion purchase of prebiotic drink brand Poppi, and the record-setting $13 billion raised by Copenhagen Infrastructure Partners for renewable energy investments.

The conversation delves into the implications of these deals, the strategic rationale behind acquisitions, and the evolving landscape of ESG investing.

(04:21) Major Deals in Tech and Beverage Industries

(14:33) The Rise of Poppy and Strategic Acquisitions

(25:17) Fast Growth vs Cash Flow Positive Companies

(29:11) Renewable Energy Investments and ESG Trends

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The Trading Floor: Decoding the Fed & BoE Meetings Mar 21, 2025

In this episode, Anthony and Piers break down the latest decisions from the US Federal Reserve and the Bank of England, including why both central banks chose to hold interest rates and what it means for markets.

They unpack the implications of quantitative tightening (QT), explore shifts in the Fed’s balance sheet, and shed light on the importance of the dot plot and what it signals about future rate cuts. The conversation also covers the debate around transitory inflation, market reactions, and the growing uncertainty clouding the UK economy.

Perfect for anyone interested in central banks, monetary policy, macroeconomics, or making sense of today’s financial headlines.

(00:00) Central Bank Decisions Overview

(01:37) Fed's Economic Forecasts and Market Reactions

(04:35) Understanding Quantitative Tightening

(07:57) The Fed's Balance Sheet and Its Implications

(15:48) The Debt Ceiling Issue

(20:28) How the Market Reacted

(22:38) The Dot Plot Matrix Explained

(26:19) Transitory Inflation and Its Implications

(30:55) 2nd April is An Important Day

(32:39) Peak Global Uncertainty

(35:02) The Bank of England's Position and Vote Split

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From Investment Banking to Neuroscience: Emily Cook on Peak Performance Mar 19, 2025

Former investment banker and private equity professional Emily Cook shares her journey into neuroscience and performance coaching, discussing the challenges and high demands of the finance industry, the importance of networking, and her insights on structured finance.

Emily breaks down science-backed strategies for managing stress, boosting productivity, and sustaining peak performance. From breathwork and wearable tech to harnessing the flow state, Emily explains how small shifts can lead to big improvements.

Ready to take control of your performance? Tune in to discover actionable strategies to work smarter, stay resilient, and reach your full potential.

(02:30) Introduction to Emily's Unique Journey

(12:02) Networking: Building Connections in Finance

(15:42) Understanding Structured Finance

(20:48) Navigating the Private Equity Landscape

(23:27) Defining Peak Performance

(29:54) Productivity: Common Mistakes and Remedies

(33:38) Managing Stress in High-Pressure Environments

(41:22) The Role of Wearable Devices

(43:59) Understanding Flow State

(48:40) Navigating the Flow Cycle

(1:00:27) Embracing Uniqueness in Your Journey

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The Deal Room - Inside Investment Banking’s Biggest Deals (GS, Citi, UBS & Barclays) Mar 17, 2025

In this episode of The Deal Room, Anthony and Stephen break down the latest high-stakes deals shaking up the investment banking world. From Goldman Sachs' $19 billion port sale and cost-cutting strategy (Project Voyage) to UBS’s role in the Walgreens Boots Alliance buyout, they uncover the strategies driving these financial powerhouses.

Plus, they explore Europe’s push for aerospace self-sufficiency and what Barclays' leadership shake-up means for its ambitious expansion in equity capital markets.

If you want to stay ahead of the curve in all things investment banking and private equity, this episode is for you!

(00:00) Introduction to The Deal Room & Topics

(03:30) Goldman Sachs: Major Deals and Strategies

(13:18) Project Voyage: Cost-Cutting and Relocation

(18:57) European Aerospace and Defense: Shifts in Advisory

(24:37) UBS and the Walgreens Boots Alliance Buyout

(31:23) Barclays: Leadership Changes in ECM

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The Trading Floor: Breaking Down the Latest Sell-Off in Markets Mar 13, 2025

Markets just took a hit, why? In this episode, Anthony and Piers break down the latest global market sell-off, unpacking the forces at play. From fresh tariff announcements and critical CPI data to technical market trends and Trump’s strategic economic moves, they dissect what’s really driving investor sentiment.

How do inflation reports shape policy decisions? What technical signals are traders watching? And what does all of this mean for markets moving forward? Tune in for a fast-paced, insight-packed discussion on the intersection of macro trends, market behavior, and economic strategy.

Listen now to stay ahead of the curve.

(00:00) Market Overview and Recent Sell-Off

(09:15) Technical Analysis and Market Behavior

(16:34) CPI Data and Inflation Insights

(21:27) Strategic Implications of Economic Policies

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The Deal Room: Is the UK IPO Market Doomed? Mar 10, 2025

Is the UK losing its edge in deal-making? In this episode, Anthony and Stephen break down the state of M&A, private equity, and IPOs, exploring how Brexit, FTSE 100 performance, and global competition are reshaping the market.

Why are UK IPOs struggling against the US?
What’s driving M&A activity or holding it back?
How should investors navigate this shifting landscape?

Tune in for expert insights on where the UK market stands and where it’s headed!

(01:46) Introduction to UK Deal Making Insights

(02:51) M&A Trends in the UK

(09:35) Private Equity Landscape in the UK

(18:36) The State of IPOs in the UK

(24:25) Comparative Analysis: UK vs. US IPO Markets

(32:46) UK's Position in the European Market

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The Trading Floor: Is the US Dollar Losing Its Safe-Haven Status? Mar 07, 2025

In this episode, Anthony and Piers break down the biggest shifts in global markets, from what's driving the euro’s rally against the dollar to the latest signals on US economic sentiment and whether a recession is on the horizon.

Tune in now for an easy-to-understand breakdown of the forces shaping markets this week.

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Mindset, Sales & Success: Lessons from the Trading Floor with Hayley Rosenlund Mar 05, 2025

How do you go from a successful career in finance to coaching top executives? In this episode, Hayley shares her journey, from excelling as a student to navigating the trading floor, transitioning into sales, and eventually becoming an executive coach.

She breaks down the misconceptions around sales in finance, the raw skills that make a top performer, and why emotional intelligence is the ultimate career superpower. Hayley also dives into the challenges women face in leadership, the power of authenticity, and how young professionals can develop confidence, resilience, and self-advocacy.

If you're a student or young professional looking for career clarity, workplace insights, and practical self-improvement tips, this episode is a must-listen!

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The Deal Room: Can Nvidia Keep Winning? Is Tesla Losing Its Edge? Mar 03, 2025

In this episode, Anthony and Stephen break down the high-stakes earnings of Nvidia and Tesla, two of the most-watched stocks on Wall Street.

What’s inside?

Nvidia’s explosive revenue growth – is the AI boom still driving its valuation?
Tesla’s slowing momentum – what’s behind the stagnant growth, and can Musk’s bold vision turn things around?
Market sentiment & investor reaction – what these earnings mean for the broader stock market.

If you’re following AI, EVs, or tech stocks, this episode is a must-listen. Tune in now!

(00:00) Introduction to Nvidia and Tesla Analysis

(01:47) Nvidia's Financial Performance and Market Reaction

(06:54) Understanding Nvidia's Gross Profit Margins

(12:53) Market Sentiment and Nvidia's Valuation

(20:42) Tesla's Earnings and Market Position

(23:48) Elon Musk's Vision and Tesla's Future

(26:16) Comparative Analysis of Tesla and Nvidia

(30:02) Could Tesla and xAI merge?

(31:10) Tesla updated DCF

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The Trading Floor: Are Markets at a Tipping Point? Feb 27, 2025

Are we on the brink of a market shake-up? In this episode, Anthony and Piers break down the latest shifts in market sentiment, key economic indicators, and what’s driving investor confidence right now.

What’s inside?

The impact of geopolitics and the US economy on risk appetite
Why Big Tech is still in the driver’s seat
The Nvidia earnings event that could send shockwaves through the market
How investors are positioning for the next big move

Stay ahead of the curve as we unpack the real-time forces shaping financial markets. Tune in now!

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The Deal Room: BP’s Struggles, Shein’s Valuation Crash & the Billion-Dollar Rise of Sports Franchises Feb 24, 2025

In this episode, Anthony and Stephen discuss the recent struggles of BP, the impact of activist investors like Elliott Management, the dramatic drop in Shein's valuation due to external market pressures, and the rising valuations of sports franchises, particularly the New York Giants. The conversation highlights the complexities of corporate strategy, market dynamics, and the influence of political decisions on business valuations.

(01:59) Welcome & Introduction

(05:11) The Struggles of BP and Activist Investors

(16:40) Shein's Valuation Plunge and Market Challenges

(27:02) The New York Giants and the Rise of Sports Valuations

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From Law to Trading Desk (Emma Baron, Executive Director at Goldman Sachs Asset Management) Feb 21, 2025

How does a law graduate end up trading leveraged credit at one of the world's leading financial institutions? Emma Baron, Executive Director in Leveraged Credit Trading and Portfolio Management Goldman Sachs Asset Management, shares her unconventional journey into finance.

From studying law to starting in broking, pivoting to hedge fund trading, and transitioning into asset management, Emma’s career is a masterclass in adaptability. She reveals the key lessons she’s learned, why work ethic and self-discovery matter, how empathy and teamwork shape success in trading, and why career paths are rarely linear.

For aspiring finance professionals, this episode is packed with insights on embracing unexpected opportunities and thriving in a fast-paced industry. Don’t miss it!

(02:25) From Law to Finance: An Accidental Journey

(09:01) Adapting to New Environments: Overcoming Intimidation

(10:19) Why Attitude Matters: The Power of Work Ethic

(12:07) Finding Your Fit: The Importance of Self-Discovery

(16:09) Empathy in Trading: Why Relationships Matter

(22:30) The Impact of Mentors: Lessons from Experience

(24:26) Success in Trading: The Role of Teamwork and Support

(26:26) Managing Stress in Finance: Surprise Hobbies

(28:59) Advice for the Younger Self: Embracing Non-Linearity

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The Deal Room: Musk vs Altman - The Battle for AI Supremacy Feb 17, 2025

This episode unpacks the high-stakes rivalry between Elon Musk and Sam Altman, diving into the power shifts within OpenAI, its controversial move from a non-profit to a capped-profit model, and the financial pressures shaping its future. We also explore how Trump’s administration is reshaping private equity and M&A, while examining the strategic maneuvers and corporate chess moves of Musk and Altman in the rapidly evolving AI space.

A deep dive into big personalities, big money, and the battle for AI dominance!

(01:36) Welcome & Introduction

(03:03) Musk v Altman

(05:44) The Birth of OpenAI

(14:46) Dealing with Musk

(17:20) The Enigma of Sam Altman

(28:34) What’s Next?

(32:00) Private Equity Misfire

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The Trading Floor: Barclays’ Turnaround, EU Equities Rally & US Inflation Risks Feb 14, 2025

This week, Anthony Cheung and Piers Curran break down Barclays’ strong earnings, is their turnaround strategy finally paying off? They also explore why European equities are defying expectations, and what the latest US inflation data means for markets, interest rates, and central bank policy. Plus, a deeper look at trading vs. investing, how do market professionals really think about risk and opportunity?

Sharp insights, big questions, and the key market themes you need to know. Tune in now!

(01:19) Welcome & Episode Intro

(02:53) Barclays’ Big Reset

(08:38) EU Banks Fight Back

(13:58) Investing vs Trading

(22:39) US inflation explained

(33:52) Market reaction to CPI

(40:33) Next big event

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The Deal Room: Private Equity Wars, IBD Pay Trends & Santander's U.S. Dream Feb 10, 2025

In this episode, Anthony and Stephen discuss key topics in the financial industry, focusing on investment banking salaries and bonuses, a fierce private equity battle in Japan, Santander's ambitions in the US market, and the troubled merger talks between Honda and Nissan.

The conversation provides insights into the dynamics of compensation in investment banking, the evolving landscape of private equity in Japan, the challenges faced by European banks in the US, and the implications of the Honda-Nissan merger discussions.

(00:00) Intro

(01:37) Investment Banking Salaries and Bonuses

(13:02) Private Equity Battles in Japan

(20:07) Santander's Ambitious US Expansion

(24:49) Honda and Nissan's Troubled Merger Talks

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The Trading Floor: Trump's Sovereign Wealth Fund Idea Explained Feb 06, 2025

In this episode, Anthony and Piers break down Trump’s idea for a U.S. sovereign wealth fund, what it is, how it works, and why it matters. They explore global examples like Norway’s trillion-dollar fund, the potential impact on U.S. debt management, and whether such a fund could reshape economic policy.

The conversation then shifts to U.S.-China trade tensions, the latest tariff negotiations, and how markets are reacting to strategic moves from both sides.

Tune in for expert insights on finance, geopolitics, and market trends!

(00:00) Introduction and Podcast Recognition

(01:35) Understanding Sovereign Wealth Funds

(05:36) Types and Examples of Sovereign Wealth Funds

(19:42) The difference between the EU & Middle East

(23:00) The Potential Impact of a US Sovereign Wealth Fund

(25:05) Current Tariff Discussions and Market Reactions

*****

Check out the FeedSpot Best 35 Financial Market Podcasts List https://tinyurl.com/3y332542

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The Deal Room: HSBC's Investment Banking Exit Feb 03, 2025

In this episode, Anthony and Stephen break down HSBC’s decision to scale back parts of its investment banking business, what’s driving the move and what it means for the industry. They also dive into Venture Global’s troubled IPO, WH Smith’s evolving retail strategy, and what Carlyle has to do with private yachts and prosecco vineyards!

(00:00) What's on the docket this week

(01:52) HSBC's Strategic Shift in Investment Banking

(11:26) Venture Global's Troubled IPO

(19:02) WH Smith's Retail Challenges and Opportunities

(30:33) Carlisle's Controversial Funding in Italy

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BREAKING NEWS: Nvidia Crashes 16% on Chinese AI Breakthrough (DeepSeek) Jan 27, 2025

Join Anthony and Piers for a quick take on the latest news rocking markets Monday morning, as they unpack the trillion-dollar market sell-off sparked by Chinese AI startup DeepSeek.

This episode dives into the ripple effects of DeepSeek’s cost-efficient AI model, the mounting pressure on big tech to adapt, and the broader geopolitical stakes in the intensifying US-China AI race.

Tune in for insights on how this breakthrough has changed the dynamics of the AI race and the fortunes of the US stock market.

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The Deal Room: The World of Corporate Banking Explained Jan 27, 2025

In this episode, Stephen discusses the often misunderstood field of corporate banking, highlighting its significance within the financial services industry.

He explains the core functions of corporate banking, the career paths available, and the technical skills required for success in this area.

Whether you're considering a career in corporate banking or just want to understand its impact, this episode is packed with valuable insights!

(01:46) Welcome Back and Introduction

(04:43) Understanding Corporate Banking Functions

(06:42) Corporate Banking vs M&A pay comparison

(11:35) Skills needed to excel in Corporate Banking

(15:44) The Profile of a Successful Corporate Banker

(19:23) Recruitment in Corporate Banking

****

Jargon Buster as promised!

Leverage Ratio

What it means: Measures the relationship between a company's debt and its earnings (EBITDA).
Why it matters: A high leverage ratio indicates a company is using a lot of borrowed money, which can be risky. Banks use this to decide whether to lend and at what cost.

Coverage Ratio

What it means: Compares a company’s operating profit to its annual interest payments.
Why it matters: Shows how easily a company can pay the interest on its debt. Higher ratios are better.

Service Ratio

What it means: Looks at whether a company's free cash flow can cover both interest payments and debt repayments.
Why it matters: Helps assess the company’s ability to handle its total debt obligations over time.

Gearing Ratio

What it means: The ratio of a company’s debt to its equity.
Why it matters: Indicates how much of the company is financed by debt versus shareholders' money. Higher gearing often signals higher financial risk.

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The Trading Floor: Tariff Relief, Stargate Billions & Netflix's Smash Hit Jan 24, 2025

Join Anthony and Piers as they dive into the latest market moves, including the US rally and shifting investments toward European equities.

They unpack the impact of Trump’s tariffs, the rise of cyclical stocks, and the global trade ripple effects. Plus, hear their take on Netflix’s subscriber boom, its bold strategic shifts, and the groundbreaking launch of the Stargate AI infrastructure project.

A must-listen for anyone tracking the intersection of markets, tech, and trade!

(01:20) Market Rally: A New Dawn

(07:42) The Impact of Tariffs and Trade Relations

(10:24) Shifts in Investment: US to Europe

(15:40) AI Infrastructure: The Stargate Project

(22:19) Netflix's Resurgence: Subscriber Growth and Strategy

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Commodity Trading Career Insight: Kristine Engman (Former Global Head of Trading & Risk at Cargill) Jan 22, 2025

In the first episode of our Women in Finance series, Kristine shares her remarkable journey from a small mining town to leading roles at one of the world’s top commodity trading houses.

Packed with insights on trading, risk management, and career growth, this episode is a masterclass in navigating the fast-paced world of commodities.

With candid advice on building skills, networking effectively, and handling pressure, Kristine offers invaluable lessons for anyone aspiring to excel in trading or finance!

(01:36) Series Kickoff and Introduction

(04:15) Kristine’s Path: From College to Cargill

(10:27) How Extracurricular Activities Build Career Skills

(13:11) Demystifying Commodity Trading

(18:43) Must-Have Skills for Successful Traders

(26:45) Balancing a High-Stakes Career with Personal Life

(29:48) Tackling Imposter Syndrome and Building Confidence

(35:37) Navigating Gender Perceptions in Trading

(38:47) Strategic Networking for Career Growth

(47:35) Overcoming Challenges: Lessons from the Trading Floor

(53:43) Why a Great Mentor Makes All the Difference

(59:27) The Three Key Ingredients for Career Success

(01:06:02) Final Reflections: Life Lessons from Kristine

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Mastering Stress and Resilience in Trading and Leadership with AmplifyME CEO Will de Lucy Jan 20, 2025

In this episode of The Deal Room, Anthony sits down with AmplifyME Co-Founder & CEO Will De Lucy to explore what it takes to thrive under pressure. From his journey as a trader to leading a global financial training platform, Will shares powerful lessons on managing stress, building resilience, and staying in the performance "flow."

Discover how to make smarter decisions under pressure, master networking, and adapt your trading skills for a fast-evolving, tech-driven world.

Don't miss these actionable insights for success in finance and beyond!

(01:58) Intro: What’s Coming Up

(03:20) Will’s Journey: From Trader to CEO

(08:01) Managing Stress in High-Pressure Roles

(14:45) How to Recover from Bad Decisions

(17:45) Finding Your Flow State

(20:34) Self-Awareness and Taking Action

(22:44) Decision-Making Under Uncertainty

(25:07) Steps to Build Resilience

(27:22) Networking Advice for Success

(30:07) How Tech is Changing Trading

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The Trading Floor: CPI Relief & Wall Street Rakes in Record Profits Jan 16, 2025

In this episode, Anthony and Piers unpack record-breaking earnings from J.P. Morgan, Goldman Sachs, and Citigroup, driven by surging trading revenue, rising investment banking fees, and resilient consumer spending. With inflation easing in both the UK and US, markets are feeling a sense of relief, fueling optimism for 2025—if geopolitical risks stay contained.

Tune in for a fast-paced breakdown of the numbers behind the headlines and what it all means for Wall Street, Main Street, and the year ahead!

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The Deal Room: Shutterstock’s Getty Deal, Nvidia’s AI Vision, and Investment Bank Crunch Time Jan 13, 2025

In this episode, Anthony and Stephen discuss significant developments in the corporate finance world, including the $3.7 billion acquisition of Getty by Shutterstock, Jensen Huang's keynote speech at CES 2025, and the performance of investment banks as they prepare for a potentially lucrative year ahead.

The conversation delves into the implications of these events for the market, the strategies behind the acquisition, and the future of robotics and AI in business.

Whether you're into finance, tech, or the future of business, this episode has something for you.

Intro (02:32)

3 topics for discussion (04:27)

Getty Images Shutterstock merger (05:34)

Nvidia CES 2025 update (16:40)

Investment bank crunch time (27:41)

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The Trading Floor: Spiralling Gilt Yields Spell Trouble for the UK Jan 09, 2025

In this episode, Anthony and Piers discuss the current state of the UK market, focusing on the drop in the pound and the significant rise in bond yields.

They explore the yield curve dynamics, inflation expectations, and the looming threat of stagflation, while examining the political forces shaping market sentiment and investment strategies in these turbulent times.

Should you be worried? You'll have to listen to find out!

(02:44) Intro to Market Trends

(03:10) Media Hype: What's Driving the Buzz?

(04:34) Bond Yields: Why They’re in Focus

(05:24) Understanding the Yield Curve

(11:39) What’s Causing These Market Moves?

(18:07) UK Politics Meets Elon Musk’s Influence

(22:52) Future of Bond Yields: What’s Next?

(28:09) Central Bank Intervention: Will It Happen?

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The Deal Room: How to Sell Your Business Successfully Jan 06, 2025

In this episode of The Deal Room, Anthony and Stephen take you through the entire process of selling a business—from the first decision to sell to the final handshake. Whether you're preparing to step away from a business you've built or just curious about the deal-making world, this episode is packed with insights you won’t want to miss.

You'll learn:

How to prepare for a successful business sale
The art of negotiation and building trust in deals
Why M&A advisors are essential and how they guide the process
The emotional and strategic challenges business owners face during a sale

With real-world examples and expert tips, this episode dives deep into the psychology of selling, due diligence, and the key steps to close the deal with confidence.

If you’re a business owner, entrepreneur, or student aspiring to break into M&A, this episode is your blueprint to mastering the art of selling a business.

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The AmplifyME Market Maker Podcast: 2025 Outlook Dec 20, 2024

Anthony Cheung, Stephen Barnett, and Piers Curran explore the biggest financial themes for 2025, including M&A predictions, US debt concerns, and the S&P 500 outlook.

Stephen forecasts over $4 trillion in M&A deal value, while Piers warns of rising US deficits and interest payments. They also dive into AI’s growing influence, US-China relations, and economic policies under the new administration.

From investment strategies to Netflix’s stock ahead of Squid Game Season 2, this episode delivers sharp insights and bold predictions for the year ahead.

Thank you everyone for following the show this year and wishing you a very Merry Christmas and Happy New Year ahead!

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BREAKING NEWS: Dow Plunges 1,100 Points: First 10-Day Losing Streak Since 1974 Dec 18, 2024

The U.S. central bank reduced its overnight borrowing rate by a quarter point to a target range of 4.25% to 4.5%, as expected.

However, new quarterly forecasts showed several officials penciled in fewer rate cuts for next year than they estimated just a few months ago, and saw inflation making considerably less progress in 2025.

The Nasdaq 100 fell 3.6% and the S&P 500 sank nearly 3%

The two-year Treasury yield, which is highly sensitive to Fed policy, surged 10 basis points to 4.34%

U.S. dollar jumped more than 1% against a basket of six peers to the highest level since November 2022

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The Deal Room: 2024 in Review – M&A, AI, Private Credit, and IPOs Dec 16, 2024

Join Anthony Cheung and Stephen Barnett as they break down 2024’s biggest financial stories and trends. From Exxon's game-changing acquisition of Pioneer to Reddit's blockbuster IPO, they explore how the year unfolded in M&A, private credit, and the IPO market.

Discover how Nvidia cemented its AI dominance, J.P. Morgan led the pack in investment banking, and BlackRock expanded its footprint in alternative assets.

Packed with insights, this episode dives into the power of scale, innovation, and strategic moves shaping the future of finance.

Perfect for finance enthusiasts and professionals looking to stay ahead!

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The Trading Floor: Musk Hits $400bn & Finance Meets Chicken Wings (and Shakira!) Dec 13, 2024

What do chicken wings, Shakira, and Tesla's $400bn milestone have in common? More than you'd think! In this episode, Anthony Cheung and Piers Curran break down the week's market moves, from Tesla's meteoric rise to the surprising connections between pop culture and structured finance.

They dive into inflation’s grip on market sentiment, what’s next from the Fed, and how an aging population is reshaping investment trends.

Packed with insights and a few unexpected twists, this is one you won’t want to miss!

*****

Experience Finance now at www.amplifyme.com

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The Deal Room: Investment Banking & Attempted Murder Dec 09, 2024

In this episode, Anthony Cheung and Stephen Barnett discuss the latest news in finance, including Nvidia's cash management and potential M&A strategies, BlackRock's aggressive acquisitions in private markets, ongoing antitrust challenges facing Google, the approval of Vodafone and 3's merger, and a shocking scandal involving Nomura's former banker.

The conversation highlights the dynamics of the finance and technology sectors, regulatory challenges, and the implications of corporate strategies.

*****

Want to experience finance? Check out www.amplifyme.com

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The Trading Floor: Trump’s Energy Play & China’s ‘Japanification’ Dec 06, 2024

In this episode, Anthony Cheung and Piers Curran discuss the future of oil prices, influenced by Trump's energy policies and the broader global economic landscape.

They explore the implications of political turmoil in France, the concept of 'Japanification' in China, and the overall outlook for the US market amidst various economic risks.

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The Deal Room: Jaguar's Bold Rebrand & Fallout of a Failed Take-Private Deal Dec 02, 2024

In this episode, Anthony Cheung and Stephen Barnett explore:

Jaguar's controversial rebrand: Marketing brilliance or a risky misstep?

The collapse of a high-profile take-private deal and its ripple effects on major banks.

A breakdown of PIKs, dividend recaps, and toggles—unpacking the complex mechanics of corporate finance.

Tune in to see how finance theory meets real-world drama in today’s markets.

(00:00) Episode Intro

(03:39) The Jaguar Rebrand Controversy

(13:26) The Collapse of a Major Take-Private Deal

(21:24) Understanding PICs, Dividend Recaps, and Toggles

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The Trading Floor: Coffee Hits Record Highs & Deutsche Bank's Bull Case Nov 29, 2024

Join Anthony Cheung and Piers Curran as they break down two big market stories: the surge in coffee prices to near 50-year highs and a bold forecast for the S&P 500 to hit 7,000 points next year.

From droughts in Brazil to Starbucks’ supply chain strategies, they unpack the key drivers behind skyrocketing coffee costs and what it means for consumers and the industry. Then, they turn to equities, exploring Deutsche Bank’s bullish S&P 500 outlook—covering valuation gaps, buybacks, and how shifting economic cycles could shape the market ahead.

Insightful and packed with practical takeaways for anyone looking to understand the forces driving today’s markets.

***

Experience Finance now at www.amplifyme.com

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The Deal Room: Is Nvidia's Magic Fading & Trump's Impact on the M&A Market for 2025 Nov 25, 2024

In this episode, Anthony Cheung and Stephen Barnett discuss Nvidia's recent earnings report, the implications of Trump's return on M&A activity, and the role of activist investors in corporate strategy.

A great conversation connecting corporate finance theory to real-life examples unfolding right now!

Hosted on Acast. See acast.com/privacy for more information.

The Trading Floor: Why Are Hedge Funds Betting Big on Bitcoin? Nov 21, 2024

Anthony Cheung and Piers Curran unpack Bitcoin’s meteoric rise, the wave of institutional money flooding into crypto, and how hedge funds are playing the market.

From Bitcoin ETFs to market psychology, they delve into what’s driving the hype and where Bitcoin could be heading as it nears the $100,000 milestone.

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The Deal Room: Investment Banking to Private Equity with alumni Filip Tomasik Nov 18, 2024

In this episode, Anthony chats with Filip Tomasik, who opens up about his journey from a non-target university to landing roles in investment banking and private equity.

Filip shares his take on acing the application process, the real impact of internships, and the strategies that helped him secure full-time roles.

They dive into the demands of debt capital markets, the unique challenges of private equity, and the contrasts in work-life balance between the two.

This conversation is full of practical tips and insights, whether you’re applying for an internship, navigating your first or second year as an analyst, or aiming to transition from the sell-side to the buy-side.

(01:58) Introduction and Background

(05:12) Coming from a Non-Target School

(07:39) Strategies for Success in Finance Applications

(16:58) Transitioning from Intern to Analyst

(22:53) Tips for Making Your Work Have an Impact

(30:00) Understanding Debt Capital Markets

(32:00) Pros and cons of working in DCM

(37:27) Transitioning from Sell-Side to Buy-Side

(39:30) Investment Banking vs Private Equity

(49:17) Setting personal goals

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The Trading Floor: The Trump "Doom Loop" Effect Nov 14, 2024

In this conversation, Anthony Cheung and Piers Curran discuss the implications of Donald Trump's return to power on the financial markets, particularly focusing on the US dollar's role as a global reserve currency.

They explore how Trump's policies may impact inflation, interest rates, and the economic landscape for emerging markets.

The discussion delves into the complexities of the 'doom loop' phenomenon, where rising dollar values can lead to inflationary pressures in other countries, especially those with significant dollar-denominated debt.

The conversation concludes with insights on how Trump might leverage these economic dynamics in global politics.

(01:52) The Return of Trump and Market Reactions

(03:22) The Impact of Trump's Policies on the Dollar

(11:14) The Doom Loop: Trade and Financial Implications

(20:28) Emerging Markets and Dollar Denominated Debt

(31:05) Strategic Leverage in Global Politics

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The Deal Room: Why Bank Stocks Love Trump & The Next Big AI IPO Nov 11, 2024

In this episode, we dive into the financial market's reaction to Trump's return, focusing on how it impacts bank stocks and the deal-making landscape.

We also explore the rise of AI players like CoreWeave, their deep ties with Nvidia, and the risks surrounding Neocloud funding models. Plus, we unpack the controversial role of Palantir’s data solutions in shaping the future of tech and government contracts.

(01:48) The Impact of Trump's Election on Markets

(02:58) Deal-Making Environment Post-Election

(06:42) Energy Sector Dynamics Under Trump

(10:10) CoreWeave: The AI Neocloud Pioneer

(16:56) Nvidia's Role in the AI Revolution

(19:33) The Rise of Neocloud Companies

(20:30) Funding Models and Risks in AI Startups

(24:54) Why Timing is Important

(26:44) Palantir: Controversial Data Management Solutions

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Breaking Barriers: Navigating Social Mobility in Finance (Chloe Shepherd - VP Credit Repo Trader at Citi) Nov 08, 2024

Chloe Shepherd shares her inspiring journey from a working-class background in a small seaside town in northern England to becoming a VP Credit Repo Trader at Citi in London.

She reflects on the influence of her family, especially her mother’s focus on education, and her experiences throughout school and university.

Chloe highlights the importance of transferable skills from early jobs and the impact of organisations like Upreach in promoting social mobility in finance.

She also discusses the challenges of being a woman in a male-dominated field and the value of regional representation in the industry.

Tune in for practical advice on overcoming imposter syndrome, building resilience, and leveraging mentorship for a successful finance career.

(02:08) Introduction to Chloe Sheppard

(03:46) Chloe's Upbringing and Early Education

(11:55) Influence of Family Dynamics

(13:07) The Journey to University

(15:21) Finding Confidence at University

(20:43) Transitioning from Studies to Career

(23:55) The Importance of Transferable Skills

(25:11) Navigating Internships and Opportunities

(28:09) Social Mobility in Finance

(31:32) Regional and Gender Perspectives in Finance

(34:38) Navigating Identity and Authenticity

(43:57) Challenges of Being a Woman in Finance

(49:16) Overcoming Imposter Syndrome

(52:23) Key Traits for Success

(57:10) Advice for the Next Generation

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BREAKING NEWS: Trumps Wins U.S. Election: Stocks Hit Record High Nov 06, 2024

Republican Donald Trump has claimed victory in the 2024 presidential contest capturing the battleground states of Pennsylvania, North Carolina and Georgia and holding leads in the other four.

In this breaking news episode, we look at what led to his victory, how markets have reacted, whether the outcome will influence the Fed and what Elon Musk has to gain from aligning himself with the the first president to win non-consecutive terms in more than a century.

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The Deal Room: Private Equity's Next BIG Bet Nov 04, 2024

Join Anthony Cheung and Stephen Barnett as they break down five major finance stories covering IPOs, M&A, VC investments, private placements, and private equity:

(01:58) Introduction

(03:11) Reddit's standout Q3 earnings and IPO buzz

(09:46) Goldman’s upbeat M&A outlook

(15:50) Sequoia’s bold crypto acquisition

(20:41) Boeing’s record-breaking share sale

(26:50) Private equity's growing interest in nuclear energy

Each topic dives into trends shaping today’s corporate finance landscape.

****

Experience Finance now at www.amplifyme.com

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The Deal Room: Tesla's Remarkable Surge & HSBC's Major Overhaul Oct 28, 2024

In this week’s podcast episode, we dive into two major stories in the equity markets:

Tesla’s impressive stock surge after a strong earnings report—exploring the key factors driving its valuation and performance.

HSBC’s bold restructuring under its new CEO, examining how geographic divisions and strategies address geopolitical tensions and pressures from activist investors.

Catch these insights and stay ahead of the latest market moves!

*****

Experience Finance now at www.amplifyme.com

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The Trading Floor: 3 Themes to Nail Your Global Markets Interview Oct 25, 2024

This week, students in our community asked for guidance on key market themes to discuss at interviews. So, we recorded this episode to help everyone get prepared.

Tune in as we break down the three major themes you need to be fluent in:

U.S. interest rates
China’s economic challenges
Impact of the upcoming U.S. election

Hope it helps and please do share far and wide!

Good luck

*****

UBS Research on the U.S. election HERE

www.tradingeconomics.com

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The Deal Room: Decoding J.P. Morgan & BlackRock Earnings for Interviews Oct 21, 2024

Join Anthony Cheung and Stephen Barnett as they dive into the world of corporate earnings, unpacking the latest reports from J.P. Morgan and BlackRock.

Discover the crucial financial metrics you need to know and get insider insights from Jamie Dimon, CEO of J.P. Morgan, as well as BlackRock’s strategic moves as the world’s largest asset manager.

Whether you're gearing up for a finance interview or just want to sharpen your understanding of financial statements, this episode has you covered!

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Career Insight: Devraj Bhattacharya, Flow Traders Head of Emerging Markets Trading in Asia Oct 18, 2024

In this episode, Anthony Cheung interviews Devraj Bhattacharya, Flow Traders head of emerging markets trading in Asia.

They discuss Flow Traders' role as a market maker, Devraj's path from engineering to trading, and the importance of technical skills and collaboration at the firm.

Devraj also shares key traits sought in trading candidates, insights on team structures, and advice for aspiring traders, with a focus on resilience.

Whether you're curious about trading or considering a career in it, this is an episode you won't want to miss!

(00:00) Introduction to Flow Traders and Devraj's Journey

(05:07) Understanding Flow Traders' Role in the Market

(10:01) The Importance of Technical and Soft Skills in Trading

(15:00) The Graduate Program and Career Development at Flow Traders

(22:02) Key Characteristics for Success in Trading

(36:04) Building Resilience in Trading

(40:54) Advice for Aspiring Traders and Young Professionals

Join the Flow Traders E-house Day on the 30th of October HERE

Explore graduate opportunities with Flow Traders HERE

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The Deal Room: Mastering Your Finance CV & Cover Letter Oct 14, 2024

In this episode, Anthony Cheung and Stephen Barnett discuss practical advice for students on crafting effective CVs and cover letters, emphasising the importance of tailoring applications, showcasing unique experiences, and the power of transferable skills.

This episode is packed with great tips learned from working with thousands of students and directly with the companies in the finance industry that hire them!

(02:11) Introduction

(03:02) How to present your education effectively

(04:37) Strategies for managing poor A-level results

(05:55) Highlighting extracurricular activities

(08:18) Tailoring your CV to stand out

(10:15) Setting realistic expectations for roles

(12:16) Making the most of your work experience

(14:53) Positioning upcoming opportunities strategically

(15:56) Crafting the perfect cover letter

(18:17) Avoiding common cover letter mistakes

(20:46) Telling your story well

(23:54) Selling yourself with confidence

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The Trading Floor: Germany, the "Sick Man" of Europe Oct 11, 2024

In this episode, Anthony Cheung and Piers Curran break down the latest US CPI data and its implications for the Fed's interest rate strategy. But that's not all, Germany’s economy is in the spotlight as they explore recession warnings, government forecasts, and what this all means for the Eurozone.

They also dive into the growing divide between US and European monetary policies, dissecting the ECB's next move as it grapples with Germany's economic woes.

Tune in for a dynamic take on how these global shifts could reshape the markets. Perfect for any interview prep!

(01:58) Introduction to episode

(04:22) Latest US CPI report explained

(09:36) US Jobless Claims spike higher

(11:53) Is the US labour market as strong as NFP suggests

(15:46) Markets reaction and Fed expectations

(17:15) Why is Germany struggling so much?

(28:15) US vs EU policy divergence

(31:41) What are options markets signalling?

(37:30) Ant is going to shave his head LIVE!

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How to Stand Out in Finance Job Applications: Advice from Asset Management Director Oct 09, 2024

**This conversation was recorded LIVE on the AmplifyME LinkedIn page**

In this conversation, Ben Arnold an investment director at Schroders, shares his extensive experience in the finance industry, discussing the intricacies of the application process for internships and graduate roles.

He emphasises the importance of quality over quantity in applications, effective research strategies, and the necessity of tailoring resumes.

The discussion also covers the significance of collaboration, the role of qualifications like the CFA, and managing expectations in a competitive job market.

A must-listen for those currently in the application process!

(01:57) Introduction and Backgrounds

(06:35) Navigating the Application Process

(11:33) Understanding Wealth vs. Investment Management

(17:29) Crafting Quality Applications

(21:47) How to approach online tests

(25:17) The Importance of Collaboration

(27:54) Assessment Centre Insights

(31:10) Is the CFA worth doing?

(34:23) The Role of Qualifications in Career Advancement

(38:56) Tips for HireVue

(41:25) Managing Expectations and Career Paths

(44:12) Transferring Skills from Sports to Finance

(47:05) Dealing with pressure

(49:05) Advice on career switching in early careers

(50:56) Behaviour is paramount at all times

(53:20) The ONE trait that stands out in applications

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The Deal Room: Mastering Investment Banking (IBD) Jargon for Interviews Oct 07, 2024

In this episode, Anthony and Stephen delve into the complexities of investment banking jargon, breaking down essential terms like EBITDA, leverage, DCF, and synergies.

They discuss the importance of understanding these concepts for interviews and practical applications in M&A strategies.

The conversation also covers the distinctions between bulge bracket and boutique banks, as well as the roles of sector coverage and product specialists in the industry.

This is a perfect conversation for anyone contemplating a future career in banking!

(02:02) Introduction to IBD Jargon

(04:38) Understanding EBITDA

(10:39) Exploring Leverage

(13:50) Decoding DCF

(21:13) The Concept of Synergies

(23:35) M&A Strategies: Vertical vs Horizontal

(26:48) Accretion vs Dilution in M&A

(31:17) Bulge Bracket vs Boutique Banks

(36:56) Sector Coverage vs Product Specialists

*****

Want to explore a career in M&A? Try our Banking Finance Accelerator in partnership with UBS www.amplifyme.com/mafa

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BREAKING NEWS: US Non-Farm Payrolls comes in HOT! Oct 04, 2024

In this special episode, join Anthony Cheung and Piers Curran as they break down the latest US labor report in real-time.

Get insights into the instant market reaction and what this means for the Federal Reserve and the broader political landscape.

With the economic data smashing expectations, this is crucial information for both investors and students prepping for finance interviews.

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The Deal Room: Bumper M&A Special (UniCredit, Intel, Rightmove) Sep 30, 2024

In this episode, Anthony Cheung and Stephen Barnet discuss the latest developments in M&A speculation, focusing on Unicredit's acquisition attempts of Commerzbank, Qualcomm's interest in Intel, and the ongoing saga of Rightmove's acquisition.

They delve into the complexities of these transactions, the political implications, and the strategic rationale behind them, providing insights into the world of investment banking and M&A.

(02:03) Introduction to M&A Speculation

(03:17) Unicredit's Stake in Commerzbank

(07:30) Politics in M&A

(11:22) The Mechanics of the Deal

(24:28) Qualcomm's Interest in Intel

(29:41) Rightmove's Acquisition Saga

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The Trading Floor: China's Economic Revival & Saudi's Shift in Oil Strategy Sep 27, 2024

In this conversation, Anthony Cheung and Piers Curran discuss significant global economic events, focusing on China's recent stimulus measures aimed at revitalising its struggling economy and Saudi Arabia's shift away from its $100 oil price target.

They explore the implications of these developments for global markets, interest rates, and economic sentiment, emphasising the interconnectedness of these issues in the broader context of the global economy.

(2:09) Community shout outs

(4:54) Themes this week

(5:52) Why China have acted now

(9:48) Chinese stocks reaction

(12:45) PBOC Rate cut

(16:18) Stock market intervention

(20:07) Government rescue

(22:31) Saudi drop price target

(28:29) Why Saudi needs high oil prices

(34:10) Lessons from history

(38:26) Implications for a soft landing

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The Deal Room: 5 M&A Trends For Your Investment Bank Interview Sep 23, 2024

In this episode, Anthony and Stephen discuss the current state of the M&A market, highlighting key trends, the impact of interest rates, and the dynamics of private equity.

They explore the resurgence of mega deals, particularly in the energy and technology sectors, and address the realities of working in investment banking, including long hours and managing expectations for aspiring professionals.

(02:13) Introduction

(04:41) Current State of the M&A Market

(09:41) Interest Rates and Their Impact on M&A

(14:00) Corporate vs Sponsor M&A (Private Equity)

(19:20) The Rise of Mega Deals in Energy and Tech

(22:36) Managing Expectations in Investment Banking Careers

*****

Experience finance now with the AmplifyME M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: The Fed's Bold Strategy Sep 21, 2024

In this podcast episode, Anthony Cheung and Piers Curran discuss the recent interest rate decisions by the US Federal Reserve and the Bank of England, analysing market reactions and implications for investors.

They delve into the significance of the Fed's bold 50 basis point cut, the contrasting approaches of the two central banks, and the impact of labour market dynamics, particularly in relation to migration.

This is a must-listen for any investor or student preparing for interviews in the current application cycle!

(02:01) Market Reactions to Central Bank Decisions

(04:08) The Fed's Bold Rate Cut

(06:45) Market reaction

(09:07) Fed's latest dot-plot projections

(13:24) Bank of England hold but signal cuts

(17:51) Labour Market Dynamics and Migration

20:43 Tech Sector Performance and Market Trends

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9 Offers, 1 Strategy: Mastering Finance Internship Applications Sep 16, 2024

The internship application season is in full swing, and while it’s an exciting time, it can also be incredibly stressful. Don’t worry—we’ve got you covered!

In this episode, I'm joined by special guest Favour Oluwanusin, a university student who recently went viral for sharing an in-depth guide on how he secured an astonishing 9 Spring Week offers. Together, we break down the key steps to take your application to the next level.

Here’s a sneak peek at what you’ll learn:

(02:13) Navigating the Application Process

(04:38) The Importance of Timely Applications

(06:02) Understanding A-Level Grades and Work Experience

(07:07) Non-financial degrees: Do they stand a chance?

(12:12) Cover Letters: To Submit or Not?

(15:43) Quality vs. Quantity in Applications

(21:09) Becoming financially fluent

(23:59) Is it harder to get a summer than a Spring Week

(26:04) Why make an application guide

(28:57) Overcoming Imposter Syndrome

This episode is essential listening to boost your chances of landing that internship.

Tune in and get ahead of the competition!

****

Access Favours application guide > https://lyrical-twig-2ac.notion.site/I-Got-Nine-Spring-Week-Internship-Offers-Here-s-How-You-Can-Too-ab6d515020dc4a14818c6f6cc2e827b8

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The Trading Floor: 50 bps Fed Cut Now 'Off the Table' Sep 12, 2024

In this episode, I’m joined by co-founder Piers Curran to dive into three major talking points in global markets this week.

Here’s what we cover:

The odds of a 50 bps rate cut from the Fed have dramatically reduced following the latest US CPI report.

Trump trades lose steam as Harris wins their first encounter.

Goldman Sachs prepares to post a $400 million hit to Q3 results as it unwinds its consumer business.

This is the perfect episode to help you unpack the news that matters in a clear and easy-to-understand way, essential listening for any student preparing for the application process!

02:09 Market Overview and Key Topics

03:14 US CPI Report Analysis

11:22 Market Reactions and Stock Movements

16:03 Commodities and Inflation Outlook

19:58 Market Participants and Career Insights

22:09 Value investors and rate expectations

24:30 Trump vs Harris

26:54 Swiftomonics

29:10 Market implications of the US election

33:28 Goldman Sachs the bearer of bad news

39:30 M&A offsets trading at GS

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The Deal Room: NFL Opens Doors to Private Equity Sep 09, 2024

In this episode, we dive into some of the biggest deals currently shaping the corporate finance landscape.

We explore Mars' acquisition of Kellanova, the NFL's move to allow minority private equity interests, the potential takeover of Rightmove by REA Group, and Blackstone's acquisition of AirTrunk.

Join us as we unpack the strategic motivations behind these deals, consider potential antitrust concerns, and examine how interest rates are influencing the housing market.

An essential listen for anyone looking to understand corporate finance in action.

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The Trading Floor: Mixed Reaction to US Non-Farm Payrolls Report Sep 06, 2024

The market remains divided on whether the Fed will cut rates by 50 or 25 basis points.

Friday's labour report was expected to provide clarity, but instead, it delivered mixed signals.

Tune in to discover how the markets reacted, what clues the US yield curve is providing, and which data points to watch leading up to the FOMC meeting on September 18th.

Essential listening for any investor or student in the midst of application season.

01:00 Introduction and Overview of US Non-Farm Payrolls Report

02:28 Mixed Reaction to Job Creation Numbers

04:07 Reaction and Speculation of Rate Cuts

14:15 Market Divided on Fed's Rate Cut Decision

22:46 Uninversion of US Yield Curve and Speculation of Recession

25:26 Conclusion

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The Deal Room: Unpacking the Valuation of Nvidia (Financial Model Explained) Sep 02, 2024

In this episode of The Deal Room, Anthony and Stephen Barnett dive deep into the valuation of Nvidia, comparing it with Intel.

They explore various valuation methods, including market-based, absolute, and relative approaches, and unpack the assumptions and subjectivity that shape these models.

The discussion also covers Nvidia's growth potential and current valuation, contrasted with Intel's decline and strategic missteps.

Is Nvidia's valuation too high or too low? Tune in to find out!

*****

00:00 Introduction and Overview

02:14 Valuation of Nvidia

09:01 The Subjectivity of Valuation

15:45 Nvidia's Growth and Valuation

16:31 Strategic Missteps of Intel

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The Trading Floor: Nvidia Earnings Explained Aug 29, 2024

Nvidia reported a staggering 122% revenue growth, but its sales outlook was disappointing. Data center revenues are slowing, the new Blackwell design has encountered problems, and gross margins are narrowing.

As the AI hype begins to cool, is Nvidia managing expectations or facing a slowdown?

Get up to speed on one of the major stories in global markets this week.

*****

01:00 Introduction and Nvidia's Earnings Report

03:00 Decelerating Growth Rates for Nvidia

07:13 The importance of forward guidance

08:35 The Delayed Release of the Blackwell Chip

12:43 Nvidia's Share Buyback Program

14:13 Managing market expectations

18:32 Broader Context and Sector Rotation

21:02 What happens to US stocks next?

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The Deal Room: Unveiling the World of M&A with Peter Bell, Founder of Cardean Bell Aug 26, 2024

In this episode, we chat with Peter Bell, founder and CEO of Cardean Bell, a leading M&A boutique advisory firm. With 24 years at top investment banks like Bank of America Merrill Lynch, Lehman Europe, and Nomura, Peter has advised on over $100 billion in transactions across every industry sector. In 2016, he launched Cardean Bell to offer a more personalised approach to M&A and IPO advisory.

Join us as Peter shares his journey from global banking to running a boutique, the value Cardean Bell provides to clients, and why companies choose boutique firms over bulge bracket banks.

He also offers career advice for aspiring investment bankers, including how to stand out as a young analyst and when to consider moving from a big bank to a boutique.

Whether you're eyeing a career in banking or just curious about the industry, this episode is packed with insights, stories, and practical tips from one of the industry’s most experienced leaders.

Don’t miss it!

*****

Introductions (2:12)
University experience (3:37)
Peter's early career (5:02)
Moving from junior to senior roles (7:32)
Is it possible to fast-track a banking career? (9:20)
Heading up the UK M&A team at Bank of America (12:36)
Wanting to start your own firm (13:29)
How is Cardean Bell unique? (18:05)
The importance of accountancy skills (26:06)
How Macro impacts deal making (29:29)
Current state of play (32:36)
The art of timing a deal (38:17)
How AI will impact the industry (40:36)
What makes a perfect analyst (46:07)
Bulge bracket vs boutique route (47:46)
Most memorable interview question (51:15)

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The Trading Floor: Market Peaks & Recession Fears Aug 22, 2024

Is a US recession pending? Have stocks already peaked this year? Has the focus shifted from inflation to the labour market?

In this episode, I speak to co-founder Piers Curran to unpack his view on the major themes in global markets.

Essential listening for any investor or student getting prepared for the upcoming application season.

****

Introduction and Setting the Stage (1:44)

Shift in Focus: From Inflation to the US Labour Market (5:51)

Bullish Sentiment: Goldman's view on US equities (14:21)

Upcoming Events: Jackson Hole and Nvidia Earnings (23:56)

Cautious Approach: De-risking in Volatile Times (28:27)

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The Deal Room: Ackman’s Flop, Buffett’s Bet, and Canva’s AI Play Aug 12, 2024

In this episode, we dive deep into three of the most intriguing stories shaking up the financial world:

Ackman’s IPO Flop: Bill Ackman’s Pershing Square IPO crashes from a $25 billion goal to just $2 billion, with major backers like Baupost Group stepping away. We discuss what went wrong and the broader implications for closed-end funds. (3:00)

Buffett’s Bold Move: Warren Buffett unloads $3 billion in Bank of America shares, raising questions about market timing. We break down the impact and what it means for investors. (12:00)

Canva vs. Adobe: Canva accelerates its AI strategy with the acquisition of Leonardo.ai, aiming to challenge Adobe. We examine Canva’s rapid growth and its race to catch up with the industry giant. (22:00)

*****

Want to gain practical experience in finance? Check out our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Monday's Market Selloff Explained Aug 06, 2024

The headline on Bloomberg reads '$6.4 trillion stock wipeout has traders fearing ‘Great Unwind’ is just starting'.

Join us as we delve into the key drivers behind Monday’s dramatic selloff in global equities. We'll explore the fundamental factors, market mechanics, and investor psychology that played pivotal roles in this market turbulence.

Tune in for a comprehensive analysis essential for anyone following the financial markets.

Introduction & Monday's stats (00:00)

Fundamentals behind the selloff (5:48)

Japanese carry trade explained (12:12)

Why the Nikkei was hit so hard (17:25)

The role of algorithmic trading systems (18:51)

The impact of market psychology (23:13)

Thoughts on the Fed (25:10)

How news dissemination has changed the game (27:15)

US recession risk (29:20)

The fate of the Magnificent Seven stocks (33:18)

Practical steps to investment in this environment (35:35)

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The Deal Room: Return Of The SPACs & A Quantum Computing IPO Aug 05, 2024

In this episode, we unpack:

Investors and bankers are raising billions for new SPACs. What are they and why are they back in favour? (3:06)

Honeywell’s quantum computing spinout, Quantinuum, is eyeing a $10bn IPO amid the AI boom. (12:59)

A dealmaking revival is boosting the UK’s top law firms. Banker or lawyer: which career would you choose? (20:34)

Tune in to explore corporate finance through today’s real-world stories.

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The Deal Room: "Ask Me Anything" Q&A with our Student Community (Part 2) Jul 29, 2024

In this special 2-part series of The Deal Room, we dive into an "Ask Me Anything" session with the curious minds of the students on our Summer Analyst Training Programme.

Join Stephen Barnet, our Director of Corporate Finance, and Anthony Cheung, Chief Content & Culture Officer at AmplifyME, for an engaging discussion that covers everything from career advice to industry insights.

In part 2, the team responded to:

What is the difference from a technical and cultural perspective working in the UK vs US? (1:10)
To what extent are office politics important to your progression in the firm? (7:43)
What attributes would you want junior analysts to have? (10:56)
What are common misconceptions about Investment Banks that you wish more students understood? (15:15)
Did you ever get shouted out and why?! (19:10)

*****

Want to enhance your CV with practical experience? Join our next free M&A simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Tesla's Earnings Drop, Alphabet's Cloud Success and Biden Steps Down Jul 25, 2024

In this episode, we break down the latest financial news in focus this week:

Tesla's shares plunge after missing earnings for the fourth quarter in a row, despite record revenue. Meanwhile, Alphabet shines with a strong performance in cloud services, surpassing revenue expectations.

French bank, BNP Paribas reported a record second-quarter profit driven by a surge in equities, while Deutsche Bank struggled with a loss due to weak trading results and legacy issues.

We look at how the market reacted to US President Joe Biden withdrawing from the election race and what a Trump victory may mean for markets.

Tune in for a concise and insightful look at these key financial stories!

*****

Are you a student interested in a career in finance? Try our free Markets Finance Accelerator in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

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The Deal Room: "Ask Me Anything" Q&A with our Student Community (Part 1) Jul 22, 2024

In this special 2-part series of The Deal Room, we dive into an "Ask Me Anything" session with the curious minds of the students on our Summer Analyst Training Programme.

Join Stephen Barnet, our Director of Corporate Finance, and Anthony Cheung, Chief Content & Culture Officer at AmplifyME, for an engaging discussion that covers everything from career advice to industry insights.

In part 1, the team responded to:

I missed out on Spring week, am I doomed? (2:01)
What is the timeline of career progression in IBD? (5:50)
What steps can I take as a fresh grad to stand out? (10:10)
How much programming experience do I need to be a quant? (14:01)
With the rise of algorithmic trading is there a threat to traditional roles? (17:18)

*****

If you're a student interested in a career in finance then try our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Nasdaq Posts Worst Day Since 2022 As Trump Rattles Markets Jul 18, 2024

Midweek turmoil hit global chip stocks following reports of tighter US export restrictions and rising geopolitical tensions, spurred by remarks from former President Donald Trump.

We also unpack comments from the former US President on his thoughts on Federal Reserve Chair Jerome Powell, his view on interest rates, and why he may draft in help from J.P. Morgan CEO Jamie Dimon.

On the other side of the Atlantic, UK inflation held steady in June, aligning with the Bank of England's 2% target. However, traders were more focused on the unexpected surge in inflation within the UK services sector.

A must-listen for anyone looking to understand the interplay between current events and market dynamics!

Introduction (00:01)
Nasdaq sell-off (2:12)
Trump rattles chip stocks (3:01)
The sell-off in context (7:58)
The impact on geopolitics (9:16)
Fed Powell's comments on interest rates (12:13)
Trump's comment on Powell's future (14:25)
Could Jamie Dimon become Treasury Secretary (15:51)
UK services inflation proves sticky (22:06)

*****

Experience Sales & Trading and Asset Management in our free Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

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The Deal Room: Is Nike In Trouble & HSBC Shakes Up Its IBD Division Jul 15, 2024

In this episode, we delve into Nike's recent struggles, with its stock down over 30% this year. We'll explore the factors contributing to its decline, from questionable leadership and strategic missteps to macroeconomic challenges and rising competition in the sneaker market.

HSBC is reshaping its investment banking division to better compete with its rivals. Discover the changes being implemented and their potential impact on the UK-listed bank.

Microsoft and Apple are turning down OpenAI board seats as regulatory scrutiny grows and is the era of cheap money about to catch up with the private equity market?

Essential listening for any student interested in corporate finance and business strategy.

*****

Want to gain practical experience in corporate finance? Join our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: US Stock Sector Rotation & Big Bank Earnings Explained Jul 12, 2024

On Thursday, US inflation dropped to 3% in June, leading to increased bets on interest rate cuts.

As such, the Russell 2000 outperformed the Nasdaq 100 by 5.8 percentage points, signaling a rotation out of tech megacaps. Discover the winners and losers in this market shift.

Meanwhile, J.P. Morgan, Citi, and Wells Fargo kick off bank earnings season. Investment bank fees are smashing forecasts but it's not all plain sailing for some of the biggest banks on Wall Street.

Tune in now to find out why!

*****

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The Deal Room: The Rise of Jefferies & A Big Week for Private Equity Jul 05, 2024

It’s been a great week for investment banking and deal-making, and we've curated the top four stories:

Jefferies’ bumper earnings and the factors driving the success of elite boutique banks

A detailed exploration of the Poison Pill strategy, featuring Southwest Airlines' defense against activist investor Elliott Management.

An in-depth analysis of SpaceX's staggering $210 billion valuation following its recent tender offer.

Fresh off their NBA championship win, the Boston Celtics are now on the market for potential buyers.

Essential listening for anyone thinking of applying to roles in corporate finance!

*****

Want to experience M&A first hand? Try our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Labour Landslide, Trump Trade & Tesla's Surge Jul 05, 2024

In this episode, we dive into the aftermath of the Labour Party's landslide victory in the UK General Election. Discover how the markets have reacted and what this seismic political shift means for UK assets moving forward.

Next, we explore the intriguing political landscape in the US. Will Biden step aside, and if so, who might replace him? We also break down the complexities of a US rates curve steepener trade and what it signifies for investors.

Finally, we analyze the remarkable 17% surge in Tesla shares over just two days. Uncover the factors driving this rapid rise and why there could be more gains on the horizon.

*****

Are you a student looking to get finance experience on your CV this summer? Join our next free Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

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The Deal Room: The Art of The Spin-Off Jul 01, 2024

In this episode, we explore five strategic reasons companies sell their assets.

From divesting non-core businesses and restructuring to managing complex geographies and conflicts of interest.

We bring these concepts to life with real stories in the news today.

Essential listening for aspiring bankers looking to enhance their corporate finance skills!

*****

Are you a student interested in investment banking? Take our free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Trading Floor: Nvidia’s $500 Billion Drop & Diversification Explained Jun 27, 2024

Nvidia has lost over $500 billion in market value since briefly becoming the world’s most valuable company last week.

Has anything fundamentally changed for the AI revolution’s poster child, or is there a rational reason for this temporary sell-off?

We also examine the S&P 500 from a non-AI stocks perspective and reveal surprising insights from the past quarter’s sector performance that shed light on the economic cycle.

Tune in now to enhance your market understanding in a simple, straightforward way!

*****

Are you a student thinking about a career in financial markets? Sign up for our free Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

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The Deal Room: IBD Insights - Who's Hiring & Who's Firing Jun 24, 2024

In this episode, inspired by a recent Financial Times article, we delve into the current landscape of the Investment Banking Division (IBD).

Why are partners and Managing Directors (MDs) feeling the heat, and how does this pressure impact analysts and associates down the line?

Join us as we reveal the firms making moves on the Street, both hiring and firing and explore the nuances of compensation in these competitive roles.

*****

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The Deal Room: Apple Intelligence & J.P. Morgan Boosts IBD Outlook Jun 17, 2024

In this episode, we delve into the captivating world of corporate strategy, examining four prominent stories that made headlines last week:

Apple is enhancing its Siri voice assistant and operating systems with OpenAI's ChatGPT, aiming to catch up in the AI race.

Amazon has outperformed sales and profit forecasts, thanks to adverts shown during Prime shows and films.

Nvidia has emerged as a leading investor in AI start-ups this year, leveraging its dominance in AI processors.

J.P. Morgan anticipates a 25-30% surge in dealmaking fees for Q2, indicating a rebound in investment banking revenue after a challenging period for the industry.

Tune in now to sharpen your understanding of corporate finance!

*****

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Check out the Investment Banking Scorecard mentioned in the episode https://graphics.wsj.com/investment-banking-scorecard/

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MM155: Trading a News-Driven Event (US CPI & FOMC Meeting) Jun 14, 2024

This week, global markets were abuzz with two major events: the US Consumer Price Index (CPI) report and the Federal Reserve's latest policy announcement.

In this episode, we delve into each data release and share strategies for trading during such pivotal moments. Whether you're a seasoned trader or aspiring to enter the field, this episode offers valuable insights and practical tips.

Tune in for an in-depth analysis and expert advice on navigating news-driven market events.

*****

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BREAKING: European stocks fall on EU vote and Macron’s shock call for parliamentary elections Jun 10, 2024

A sell-off in French stocks and bonds dragged down European-wide indices as investors reacted to political instability and the possibility of a far-right government.

In this breaking news episode, we step back and break down 6 reasons why financial markets react negatively to this type of information.

Tune in now to understand the forces driving market behaviour!

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The Deal Room: Shein 2024 IPO & Business Model Strategy Jun 10, 2024

The online fashion giant Shein is on the verge of an Initial Public Offering on the London Stock Exchange.

With advisory support from Goldman Sachs, J.P. Morgan, and Morgan Stanley, Shein's valuation is projected to reach £50bn, marking it as London's most high-profile public float in over a decade.

In this episode, we delve into:

How Shein became one of the most successful B2C e-commerce platforms in history

The secret formula behind its business strategy

A deep dive into the company's financials and valuation

The risks and vulnerabilities in Shein's business model

The mechanics behind its London listing

Join us as we uncover the intricacies of Shein's path to IPO and what it means for the future of online fashion.

*****

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5 Essential Tips to Convert Your Summer Internship with Former Investment Bank Recruiter Jun 05, 2024

Unlock the secrets to securing a full-time position from former trader and tier 1 investment bank recruiter, Andrew Osayemi, as he shares his five-point plan for converting your summer internship:

1) Master the art of leaving an unforgettable first impression, blending both non-verbal and verbal cues.

2) Articulate your desire for a full-time commitment while tactfully probing for available job opportunities.

3) Schedule informal weekly performance check-ins to ensure alignment and track progress effectively.

4) Deliver unwavering excellence in your work output and behaviour, consistently raising the bar for quality.

5) Foster a dynamic social presence, embracing every opportunity to engage in work-related social events without hesitation.

Don't miss out on these invaluable insights to maximise your internship's potential!

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The Deal Room: 5 Stories In Corporate Finance This Week Jun 02, 2024

In this episode, we dive into five of the latest and most impactful stories in corporate finance, offering you key insights into the world of banking and business:

Microsoft + Activision Update: How the Call of Duty: Black Ops 6 launch on Game Pass could reshape gaming subscriptions.

Brookfield's Renewable Energy Deal: Brookfield's $6.6 billion move to acquire France's Neoen and its long-term impact on the renewable sector.

Saudi Aramco's $10bn Share Offering: The significance of Aramco's upcoming secondary share sale and its market implications.

Red Bull's Stake in Leeds United: Red Bull expands into English football with a stake in Leeds United FC. What does this mean for the club and Red Bull's sports strategy?

Subway's Record Bond Issue: Subway's $3.35bn franchise-backed bond, the largest ever, and its role in financing Roark Capital's buyout.

Tune in to get the latest insights!

*****

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MM154: Quant Hedge Fund Strategy Explained & Why GBP Is Outperforming The EUR May 30, 2024

The Catalyst/Millburn Hedge Strategy Fund employs a strategy based on their prediction that interest rates will remain steady due to high prices, and the Federal Reserve won't cut rates soon.

We explore how their trade is structured, the macroeconomic insights driving their thesis, and how hedge funds use derivatives for leverage and market neutrality strategies to manage risk.

Additionally, we discuss the recent surge of Sterling to a 21-month high against the Euro, even as the UK faces the uncertainties of an upcoming general election.

Tune in now and start learning more about finance in a fun and easy-to-understand way!

*****

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Demystifying Investment Banking: A Day in the Life of a Leveraged Finance Analyst (Part 2) May 27, 2024

Join us for the second and final episode of our mini-series, where we delve into the daily responsibilities of a Leveraged Finance (LevFin) Analyst.

Discover how this role stands out within the banking division, and gain insider tips on successfully entering this dynamic field.

Whether you're aspiring to break into finance or simply curious about the world of investment banking, this episode offers valuable insights and practical advice.

*****

Take a free experience in banking with our M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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MM153: UK PM Rishi Sunak Announces General Election & Nvidia's AI Boom Continues May 23, 2024

Here's what you can expect in this week's podcast episode on global markets:

Why UK Prime Minister Rishi Sunak pulled the trigger and announced a general election for the 4th of July

UK inflation dropped to the lowest in nearly three years this week so why have traders removed a June rate cut from the table

Nvidia smashes earnings expectations once again, so what next for the poster child of the AI revolution

Tune in for insightful analysis and the latest updates!

*****

Connect with Anthony on LinkedIn https://www.linkedin.com/in/anthonycheung10

Take a free Markets Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

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Demystifying Investment Banking: What is Leverage Finance? (Part 1) May 20, 2024

In this mini two-part series, we unravel the intricacies of leveraged finance, a cornerstone yet frequently underestimated domain of the investment banking division (IBD).

Join us in Part 1 as Director of Corporate Finance, Stephen Barnett demystifies the concept of leveraged finance.

Gain insight into the crucial role of rating agencies and grasp the nuances of this dynamic market landscape.

Stephen brings context to the forefront by dissecting the current state of the market and offering invaluable insights into a recent deal.

Tune in and embark on a journey through the fundamentals of leveraged finance.

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MM152: Decoding Meme Stock Mayhem & US CPI's Impact on Fed Policy May 15, 2024

GameStop, the iconic video game retailer synonymous with meme stocks, witnessed a rollercoaster of surges and crashes in the past week, echoing memories of its previous meteoric rise. But what's driving this volatility?

In this episode, we delve into what caused the move, the mechanics behind how a short squeeze works, and why this time is different.

Meanwhile, Wall Street traders sent stocks to all-time highs as bond yields slumped after an inflation slowdown reinforced bets the Federal Reserve will cut interest rates as early as September.

Tune in now to find out more!

*****

Markets Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator

Banking Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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The Deal Room: Highlights from one of the most influential conferences of 2024! May 12, 2024

In this episode, we bring you the most compelling highlights from the Milken Institute Global Conference 2024.

Last week, Beverly Hills hosted this powerhouse event, drawing luminaries and influencers from across the globe, making this conference a pivotal moment in the world of finance and investment.

Join us as we unpack the key takeaways:

Elon Musk's x.AI is on the brink of securing a staggering $6bn in funding, propelling its valuation to a staggering $18bn

The Saudi government's investment A-team makes waves, signalling a significant shift in global investment dynamics

Former US Treasury Secretary Steve Mnuchin remains undeterred in his pursuit of a stake in TikTok

Private markets are all anyone is talking about with Goldman Sachs CEO David Solomon expecting a massive amount of consolidation

Everyone is getting hot on M&A in 2024

Tune in to "The Deal Room" as we uncover the power plays, strategic manoeuvres, and game-changing insights from one of the most influential conferences of the year.

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MM151: How Hedge Funds Work & Landing Your Ideal Role May 10, 2024

Join us in exploring the intricate landscape of hedge funds in our latest episode.

Delve into the origins of hedge funds, examine the captivating journey of Ray Dalio and Bridgewater Associates, and unravel the diverse investment strategies employed by these financial powerhouses.

Plus, we shed light on a burning question: What does it take to land a coveted position at a hedge fund?

Tune in for an insightful discussion on the inner workings of hedge funds and their impact on the financial world.

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The Deal Room: How do you value a bank like J.P. Morgan? May 06, 2024

Join us as we dissect HSBC's recent earnings report to demystify financial statements and explore the valuation process used for banks.

From a career perspective, we shine a spotlight on the Financial Institutions Group (FIG) and delve into the unique role of a FIG analyst compared to other sector teams.

If you're aspiring to a career in investment banking, this episode is a must-listen!

*****

FIG refers to the Financial Institutions Group, which is a sector within banking that focuses on providing specialised services to financial institutions.

NIM, or Net Interest Income, is the difference between interest earned from assets like loans and interest paid on liabilities such as deposits.

Net fee income represents the revenue generated by a financial institution from fees charged for services provided to clients, after deducting related expenses.

Net operating income is the total revenue earned by a company from its core business operations, minus operating expenses.

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, representing a company's profitability before accounting for non-operating expenses.

DCF, or Discounted Cash Flow, refers to the method of valuing an investment by estimating its future cash flows and discounting them to present value using a specified discount rate.

Enterprise Value is a measure of a company's total value, calculated as market capitalization plus debt, minority interest, and preferred shares, minus cash and cash equivalents.

Free cash flow represents the cash a company generates after accounting for capital expenditures necessary to maintain or expand its asset base.

Price/earnings (P/E) ratio is a valuation metric calculated by dividing a company's stock price by its earnings per share, indicating how much investors are willing to pay for each dollar of earnings.

Price/book (P/B) ratio compares a company's stock price to its book value per share, reflecting the market's valuation of a company relative to its accounting value.

Price/Tangible Book Value compares a company's stock price to its tangible book value per share, excluding intangible assets, providing insight into the market's valuation of a company's tangible assets.

*****

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MM150: Fed Decision Explained & Apple Beats The Street May 03, 2024

Get the inside scoop on the latest moves in financial markets with our deep dive into recent headlines.

Make sense of what the US central bank said this week, how markets reacted and what might come next.

Apple shares jumped after the company posted stronger-than-expected sales last quarter and predicted a return to growth in the current period, alongside the biggest corporate buyback of shares in history.

Don't miss out on this episode, tailored for students seeking to navigate the complexities of financial markets and in a fun and easy to understand way.

Tune in now and stay ahead of the curve!

*****

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The Deal Room: BHP's Pursuit of Anglo American, Goldman Sachs Bankers Head To Paris & CVC Goes Public Apr 29, 2024

In this week's episode of The Deal Room, we dive into three major headlines shaking up the world of corporate finance.

Explore BHP's ambitious £31bn bid for Anglo American, recently rejected but potentially set for a comeback. Discover the strategic insights driving this high-stakes deal and the hurdles it faces.

Get the inside scoop on Goldman Sachs' bold move, relocating top talent from London to Paris amidst Brexit uncertainties. Could Paris be the next hotspot for finance graduates?

Plus, unravel the story behind CVC Capital Partners' successful IPO, as the firm and its investors raise €2bn, marking a significant milestone in Europe's private equity landscape.

Tune in and learn about finance with real news events happening today!

*****

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MM149: Tesla, Microsoft, Alphabet & Meta Earnings Apr 26, 2024

In this episode, we break down the latest US earnings from some of the biggest companies on Wall Street.

If you want to understand why Tesla rallied after posting dire numbers and Facebook dumped despite a 27% increase in revenue? Then listen to find out more!

We also look at how AI is integral to current investor perceptions and while companies like Microsoft and Alphabet are well placed to monitise this new technology, Facebook is still trying to find its fit.

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The Deal Room: Debt Capital Markets (DCM) Explained Apr 22, 2024

In this episode, we shine a spotlight on Debt Capital Markets, a crucial yet often overlooked business function within major investment banks like J.P. Morgan, Bank of America, and Citi.

Join us as we demystify DCM, explaining its unique role within investment banking divisions and the essential personality traits that make individuals well-suited to this area of finance.

From structuring bond offerings to advising clients on debt issuance strategies, DCM professionals play a vital role in facilitating capital raising for corporations and governments worldwide.

But that's not all – we also address questions from our community, exploring topics such as private secondary markets and the possibility of owning a stake in innovative companies like SpaceX or OpenAI.

Get ready to dive deep into Debt Capital Markets and uncover fresh insights into the ever-evolving world of finance.

*****

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FOUR Strategies To Combat Imposter Syndrome Apr 19, 2024

Join us as we explore four tactics and share personal stories to guide you toward confidence and self-assurance.

It's time to silence that inner critic and step boldly into your true potential!

Prepare to conquer imposter syndrome with strategies from our head of recruitment Andrew Osayemi.

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The Deal Room: Exploring KKR's Evolution into an Alternative Investment Powerhouse Apr 15, 2024

Last week the American global investment company KKR held its first investor day in 3 years, laying out a plan to scale its core businesses to reach at least $1 trillion of assets under management in five years.

In this episode, our Director of Corporate Finance, Stephen Barnett, provides expert insights into KKR's journey from its origins in the 1970s to its present-day status as a leader in alternative investing. Discover the strategies driving KKR's growth and how the firm plans to maintain its rapid expansion in the years ahead.

Whether you're a seasoned professional or aspiring to enter the world of corporate finance, this episode offers valuable perspectives on KKR's unique approach and the broader landscape of alternative investments.

*****

KKR Investor Day 2024 Presentation https://rb.gy/soni0t

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MM148: US Rate Cut Re-Think, FTSE Hits Record High & Bank Earnings Update Apr 12, 2024

Upside inflation prints, solid labour market data, and easing financial conditions have led the market to reprice the number of US rate cuts to just two this year but is this the final verdict?

Meanwhile, discover the driving forces behind the FTSE 100's surge to record highs. Plus, gain valuable insights into the Q1 2024 earnings reports from industry giants like J.P. Morgan, Citi, and BlackRock.

*****

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The Deal Room: Alphabet Weighs Offer for HubSpot & 3 Hot M&A Breakdowns! Apr 09, 2024

Join us this week in The Deal Room as we dissect the buzz surrounding Google's potential acquisition of HubSpot, a deal potentially valued at a $35bn. Discover the strategic reasoning behind it, potential synergies, and the looming antitrust hurdles.

We also take you on a tour of the latest deals making waves in the corporate world:

Endeavor Group Holdings Inc. - A $13bn buyout by Silver Lake Management, reshaping the talent agency landscape (Think WWE and the Ultimate Fighting Championship meet Private Equity!).

Formula 1's New Venture - Liberty Media Corp. secures MotoGP World Championship in a $3.8bn deal.

Johnson & Johnson's Growth - The pharma giant's $13.1bn cash deal to acquire Shockwave Medical to expand their medical device portfolio.

Stay ahead of the curve with The Deal Room as we navigate through the latest corporate manoeuvres shaping industries worldwide!

*****

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MM147: Unravelling Interest Rates, Commodities and EV's Apr 04, 2024

In this episode, co-founder Piers Curran provides his latest insight into what's happening in global markets right now.

From fluctuating expectations on when the US central bank will cut interest rates to why commodities like gold and copper have been soaring of late.

The team also delves into the recent dip in Tesla's quarterly deliveries, sparking debates over its significance in the broader electric vehicle market.

Is this setback merely a temporary blip on Tesla's radar, or does it signal deeper challenges ahead for the EV leader?

*****

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The Deal Room: Q1 2024 M&A, ECM, DCM, PE & VC Review Apr 01, 2024

Q1 of 2024 has seen a significant increase in financial transactions.

Total M&A volumes are up 30%, US IPO's are tracking 18% above this time last year and private equity firms are sitting on over $1 trillion of dry powder.

In this episode, Stephen Barnett delves into the core principles underpinning this uptick in activity.

We'll explore what lies on the horizon for the coming quarters and gain invaluable insights into the practical nuances of roles within these domains.

Whether you're intrigued by the driving forces behind M&A deal flow or seeking clarity on the distinctions between Equity Capital Markets (ECM) and Debt Capital Markets (DCM), this episode is tailor-made for you and the perfect tool to assist your applications and preparation ahead of any internship!

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10 Tips for Excelling During an Investment Bank Spring Week Mar 28, 2024

In this career episode, I share my insights on how to make the most of your Spring Week, ensuring both personal and professional growth.

From fostering a curious mindset to taking initiative and mastering time management, these tips aren't just applicable for the duration of your Spring Week but will resonate throughout your early career.

By embracing these principles, you'll not only excel during your Spring Week but set yourself up for success in your future career endeavours.

*****

Connect with Anthony on LinkedIn https://www.linkedin.com/in/anthonycheung10/

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The Deal Room: Reddit IPO launch & Microsoft's AI talent raid Mar 25, 2024

In The Deal Room podcast series this week:

Reddit IPO launch and the bull case for how the business intends to grow in the future

Microsoft hires DeepMind co-founder Mustafa Suleyman in their latest AI talent raid which is set to test regulators and VCs

Consumer goods giant Unilever is selling its ice cream unit for between €10bn to €15bn. Find out why spin-offs can often be a tasty treat for private equity firms

*****

Take the next free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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MM146: Fed, BoE & BoJ update in less than 5 minutes! Mar 22, 2024

It was a significant week in global markets as many of the world's leading central banks announced their latest monetary policy decisions.

Find out what the Federal Reserve, Bank of England, and Bank of Japan said and how markets reacted.

Whether you're navigating the application process or seeking to refine your skills before an internship, this 5-minute summary is your essential guide to staying informed.

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The Deal Room: IPO World Tour - From Dubai to Hong Kong Mar 18, 2024

In 2024, the IPO landscape has experienced a significant revival.

While discussions frequently gravitate towards the next big company to hit the New York Stock Exchange, we aim to expand your viewpoint to a global perspective.

From the surging interest in Dubai’s car park investments to the allure of Hong Kong’s Sexy Tea, we delve into the unique business and local environments across five key regions: Dubai, Germany, Italy, Switzerland, and Hong Kong.

***

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MM145: Is TikTok Getting Banned and ByteDance's Next Moves Mar 14, 2024

The House of Representatives passed a bill on Wednesday that would require the TikTok owner ByteDance to sell the social media platform or face a total ban in the United States.

In this episode, we delve into the intricate web of national security implications, assess the likelihood of a ban, and speculate on who the frontrunners could be in a high-stakes acquisition.

We also unpack how Instagram has stealthily overtaken TikTok in downloads, with its significant growth and adaptation strategies and the reason why the outcome of this decision will have a major impact on the upcoming US election.

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The Deal Room: Morgan Stanley's Latest IPO & The Reddit Revolt Mar 11, 2024

Dive into our latest podcast episode for a rapid-fire exploration of hot topics:

Morgan Stanley's Exclusive Offer: Learn how its clients get early access to private company shares.

Elon Musk's Debt Remix: Unpack the $12.5bn refinancing talks changing the game for a social media giant.

Reddit's IPO Challenge: Discover the impact of WallStreetBets' critique on Reddit's looming $6.5 billion IPO.

***

Take the free M&A Finance Accelerator simulation in partnership with UBS www.amplifyme.com/mafa

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MM144: J.P. Morgan vs Goldman Sachs, Bitcoin & Gold Hit New Record Highs Mar 07, 2024

In this episode, our team delves into the stark differences between two of Wall Street's heavyweights and their conflicting predictions for the future of US stocks.

We also uncover the driving forces behind the unprecedented surge in both Bitcoin and Gold, ranging from institutional adoption to rising demand from China, and offer a concise analysis of Super Tuesday's implications for the impending US election.

Tune in for an essential overview of the global markets and arm yourself with the knowledge you need to excel in any forthcoming interviews!

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Connect with Piers https://www.linkedin.com/in/pierscurran/

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The Deal Room: The biggest M&A deal YTD, Shein's London IPO & the role of activist investors Mar 04, 2024

The year's largest acquisition has taken place between Capital One and Discovery. Explore the deal's rationale and delve into the significant antitrust concerns it has raised.

Shein, a fast-fashion powerhouse, is contemplating shifting its initial public offering from New York to London. Is this indicative of London's resurgence as a financial hub, or merely a contingency plan?

We examine the pivotal role of activist investors, spotlighting developments at Disney, where Blackwells Capital is advocating for the appointment of a Chief Technology Officer to spearhead a technology-focused transformation.

***

Want to experience what it would be like to work as a global M&A adviser and showcase your talent to UBS? Join our next free simulation www.amplifyme.com/mafa

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Roles in Quantitative Finance Explained By Head of Engineering Milandeep Bassi Mar 01, 2024

Dive deep into the mechanics of quantitative finance and explore how a blend of skills ranging from data analysis to software development fuels this dynamic field.

If you've ever pondered the pathways to entering and excelling in quant finance, or if you seek to understand the symbiotic relationship between risk management and algorithm development, this episode is your roadmap.

***

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The Investment Bank Interview Playbook: Mastering Behaviour & Technical Questions Feb 26, 2024

In this podcast episode, the team delves into the techniques and best practices for excelling in an investment bank interview.

Topics covered include:

**Crafting Compelling Responses:** Learn the art of structuring your answers for maximum impact.

**Harnessing the Power of Non-Verbal Communication:** Discover how positive body language can tip the scales in your favour.

**Setting Yourself Apart:** Strategies to highlight your unique attributes and experiences.

**Navigating Your 'Achilles Heel':** Tackling the daunting “What is your biggest weakness?” question with confidence.

**Articulating M&A Deals:** Best practices for succinctly and effectively explaining a live deal you're interested in.

**Solving Brain Teasers with Ease:** Tips for approaching and solving tricky brain teasers that interviewers love.

**Asking the Right Questions:** Guidance on what to ask when the tables turn, ensuring you leave a lasting impression.

***

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MM143: Nvidia Earnings, Cocoa Beans and Japanese Relief Feb 23, 2024

In our end-of-week wrap of Global Markets, we discuss:

**Nvidia’s Market Triumph**:

Nvidia shattered records with the largest single-day market gain in history, adding an astounding $277 billion to its value. This monumental surge propels Nvidia into the ranks as the third-largest company globally. But what's on the horizon for this AI titan?

**The Cocoa Craze Among Hedge Funds**:

Uncover the reason behind hedge fund managers' growing obsession with cocoa. Dive into an analysis of how speculation plays a pivotal role in the cocoa futures market, unraveling the layers of this unique investment craze.

**Japan’s Nikkei 225 Surges**:

After a 34-year wait, Japan's Nikkei 225 index finally breaks its record, hitting an all-time high. Explore the concept of deflation, Japan's successful strategies to turn the economic tide, and the sustainability of this newfound growth. Can Japan maintain its momentum?

***

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The Deal Room: The sobering of SPACs and the IPO market heats up Feb 19, 2024

In this week's episode, we unpack the following four stories in the world of corporate finance.

Will new SEC rules mean that SPACs (Special Purpose Acquisition Companies) can be more than a bubble-market phenomenon?

The IPO market continues to heat up so what's driving the newfound activity and will it last?

A take-private deal for Italian loafer maker Tod's fuels luxury M&A speculation

Another oil and gas megadeal as Diamondback jumps on a $26bn Endeavor shale takeover

****

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The Deal Room: Carmaker M&A, Sports & Reddit IPO's and Adam Neumann is back! Feb 12, 2024

This week, we unpack 5 real stories in the news to help you better understand concepts in corporate finance:

PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance

Stellantis, owner of brands such as Peugeot, Fiat, and Chrysler says it isn’t considering a plan to merge with other manufacturers

Shares of Amer Sports Inc. debuted with a gain, as the upsized initial public offering was priced low enough to attract investor interest

Reddit could IPO for $5 billion but it isn't profitable yet. Is their delayed listing doomed to fail?

Adam Neumann is back and exploring buying WeWork out of bankruptcy

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MM142: Magnificent 7 vs Tech Bubble 5 (Similarities & Differences) Feb 09, 2024

Lots of sensational headlines this week on the risks to stocks with technology names being labeled the 'Big Tech Hype'.

So should investors be worried or are the tech stocks just trading at a fair valuation?

Join us for an episode that promises not only to clarify the existing tech market landscape but also to equip you with the analytical tools needed to discern hype from sustainable investment opportunities.

******

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The Deal Room: A deep dive into the Paramount Global M&A deal Feb 05, 2024

Today we are taking a deep dive into the ongoing M&A saga at Paramount Global, the cable, streaming, and studio conglomerate, responsible for everything from the NFL to Top Gun.

To discuss the deal, we are delighted to speak with AmplifyME Alum and Media Banking expert, Jagger Lambert, who helps us go deep into a brilliant Corporate Finance case study.

In this episode of the podcast, we discuss:

Who Paramount Global is – and why the founding Redstone family might well be the main influence for Succession

Why Paramount is struggling, analysing its position in the declining cable TV market, and its loss making entry into streaming

Is Paramount up for sale? And is it worth anything?

Who are the potential buyers – a deep dive into Skybird (owned by Larry Ellison’s son) and Byron Allen (from the Weather Channel to a $30bn bid for Paramount!)

How an acquisition might be structured in the context of a dual-class share structure and $16bn debt pile.

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MM141: Decoding Fed & BoE Moves and Big Earnings from Tech to European Banks Feb 01, 2024

This week we discuss the following questions:

The US Federal Reserve and the Bank of England hold rates but what did they have to say about the timing of rate cuts?

Microsoft continues to shine while Google shares dropped sharply as search revenues missed. Can Alphabet deliver on its AI plans in 2024?

Deutsche Bank shares rose 4% on earnings while BNP Paribas fell 8%. What's caused this divergence in investor perception?

British oil giant Shell released a positive earnings update so what does the year ahead look like for the oil majors?

A Delaware court has found Tesla CEO Elon Musk's compensation package, valued at $55.8 billion, to be excessive. Can Elon turn this one around?!

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The Deal Room: Macy's Private Equity Battle & Racket Maker Wilson Set To IPO Jan 29, 2024

Stephen Barnett picks three real-world stories in the news to unpack the world of corporate finance in practice.

Amer Sports Inc., the maker of Wilson tennis rackets is seeking to raise as much as $1.8 billion in what would be one of the year’s first major initial public offerings.

Macy’s has rejected a $5.8 Billion takeover offer from Arkhouse Management Co. and Brigade Capital Management despite the offer representing about a 19% premium on its share price.

JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US.

****

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MM140: Tesla skids, Netflix pops & US 'goldilocks scenario' Jan 26, 2024

In this week's weekly wrap of global markets, we talk about the forecast-busting US GDP report, the ECB's dovish tone, and Bejing's response to the slowdown in Chinese activity.

In single stocks news, we unpack why Tesla shares fell 12% on Thursday and how Netflix is winning the streaming wars.

*****

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The Deal Room: FOUR things we learned from The World Economic Forum (WEF) in Davos this year Jan 22, 2024

In our latest podcast episode our Director of Corporate Finance, Stephen Barnett unpacks four FT headlines coming out of Davos last week.

Private Equity predicts deal rebound as sellers capitulate on prices

Mistral becomes the talk of Davos as business leaders seek AI gains

Blackstone boss Steve Schwarzman sees ‘animal spirits’ returning to the financial sector

Is Davos still worthwhile?

Take part in our next free M&A Finance Accelerator simulation www.amplifyme.com/mafa

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MM139: Goldman doubles down and Trump wins big in Iowa Jan 19, 2024

In our latest review of this week in markets we cover the following topics:

UK CPI and US Retail Sales surprise analysts. What does this mean for future monetary policy?

A breakdown of the latest earnings from Goldman Sachs and Morgan Stanley. Who will win the battle of the banking giants?

Donald Trump wins a landslide victory in Iowa. What next and how AI could transform the 2024 elections

Find out more about AmplifyME at www.amplifyme.com

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MM138: The first of the BIG BANK earnings are out! Here's what you need to know Jan 12, 2024

BlackRock the world's largest asset manager announced a $12bn M&A deal alongside its Assets Under Management (AUM) topping $10 trillion again.

J.P. Morgan reported its best-ever annual profit, while Citigroup saw the most positive share price response to its earnings despite losing some $1.8 billion in Q4, as investors embrace the turnaround strategy that will see them eliminate 20,000 jobs.

A great episode to better understand the unique merits of each of these different financial institutions.

*****

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The Deal Room: BYD surpasses Tesla, so is $TSLA worth the hype? Jan 08, 2024

Last week it was announced that China's BYD had overtaken Tesla to become the world's leading electric vehicle (EV) seller.

In this episode, we take a deep dive into the business model of Tesla and examine why, despite selling fewer vehicles, it is worth some 10 times more than its Chinese competitor.

We examine the bull and the bear arguments culminating in our Director of Corporate Finance Stephen Barnett sharing his Discounted Cash Flow (DCF) process.

Is Tesla overvalued at a 77x Price-to-Earnings (P/E) ratio? That's more than double Microsoft!

You'll have to tune in to find out.

******

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MM137: 2024 Market Predictions with Co-Founder Piers Curran Jan 04, 2024

Is the market right to price in six rate cuts from the Fed? Will the magnificent seven be seen as growth stocks or defensive plays? Will bonds and stocks be correlated in 2024? Piers breaks down the themes that matter.

Also, the world's biggest hedge funds have revealed their 2023 performance.

In this conversion, we explain what the following terms mean:

Systematic and discretionary strategies
Macro and quantamental investing
Fixed income relative value trades

Don't forget to subscribe and join us on our journey to unpack the major themes in markets every week in 2024.

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The Deal Room: Top 10 Banking Trends That Defined 2023! (PART 2) Dec 22, 2023

Stephen Barnett, our Director of Corporate Finance recaps the pivotal trends that have reshaped the banking landscape this year.

In the second episode of this two-part podcast series, we dive into a countdown of the most defining moments of the year, from 5 to number 1.

From the rise in private credit and partial re-opening of the IPO market to how inflation and interest rates impacted M&A activity.

There are even a few predictions for the year ahead!

******

Happy holidays to everyone and see you in the New Year.

Anthony

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The Deal Room: Top 10 Banking Trends That Defined 2023! (PART 1) Dec 18, 2023

Stephen Barnett, our Director of Corporate Finance recaps the pivotal trends that have reshaped the banking landscape this year.

In the first of this two-part podcast series, we dive into a countdown of the year's defining moments, starting with trends 10 through 6.

From Saudi money to mega deals in the oil & gas sector and a sprinkle of generative AI.

Don't let the year end without being in the know!

(Remember to subscribe to the show and hit the bell icon to be notified for the final episode of the year and the countdown from 5-1!)

***

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MM136: Jerome Powell delivers Christmas early for markets Dec 15, 2023

In the final episode of The Trading Floor series for 2023, co-founder Piers Curran breaks down the difference between the central bank announcements from the Federal Reserve, Bank of England, and European Central Bank this week.

Find out how markets reacted, what to expect from them in 2024, and what Fed Chairman Jerome Powell has to do with a bottle of vodka!

Thank you for listening to the show this year and all the very best to you and your loved ones over the festive break!

Anthony & Piers

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The Deal Room: Unicorns, Weight Loss Drugs & Enrique Iglesias! Dec 11, 2023

The singer Enrique Iglesias has closed a deal to sell his catalog of songs and his image rights in a reported nine-figure deal. So what is it that makes music such an attractive alternative investment?

Elsewhere, a sharp reset in private market valuations has stripped numerous so-called unicorns of their status and Swiss drugmaker Roche has agreed to acquire Carmot, the west-coast-based biotechnology company for up to $3.1bn, fueled by the frenzied demand for obesity medicines.

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MM135: Google release their ChatGPT killer & US Non-Farm Payrolls suggest a 'soft landing' Dec 08, 2023

Google unveiled its long-awaited rival to ChatGPT this week but is it as good the the viral “what the quack” hands-on demonstration would have you believe?

We explain the upgrade to multimodal AI and look at the broader context of its application but also examine whether it's better to be first or the best with new technologies.

Meanwhile, the latest US jobs report unexpectedly strengthened in November with pickups in employment and wages, deflating bets the Federal Reserve will cut interest rates early next year. Find out how the market reacted.

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The Deal Room: Sovereign Wealth Funds ❤️ Private Equity Dec 04, 2023

In this podcast episode, we explore the world of sovereign wealth funds: who they are, why they exist, and how they operate, as well as understand the fascination of Norway's largest fund with private equity firms.

Additionally, we delve into the recent announcement that the Saudi Public Investment Fund (PIF) and the European private equity heavyweight Ardian are set to purchase a 25% stake in Heathrow Airport for £2.4bn and discuss Barclays Bank's considerations for a strategic overhaul in the UK.

**UBS M&A Finance Accelerator simulation https://amplifyme.com/mafa**

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MM134: Elon Musk publicly tells advertisers to 'go f*** yourselves' Dec 01, 2023

In this podcast episode, we take stock on the past month when the S&P 500 finished up 8.9%, for its second-best November since 1980.

We explain what was behind the move higher, who the big winners were, and what major Wall Street banks think will come next.

In other news, Elon Musk publicly tells advertisers to 'go f*** yourselves', but what's behind the latest outburst from the world's richest man? And is this part of a bigger plan to restructure X debt?

Finally, Opec+ members have agreed to make additional voluntary cuts to oil production in 2024 to bolster the market, however, oil traders aren't buying it. Is OPEC's rule coming to an end?

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M&A Explained Part 4: Buy-to-build strategy & vertical integration Nov 27, 2023

In the final episode of this 4-part mini-series, we use Hotel Chocolat, Mars, McDonald's, Broadcom, and VMware to bring some classic M&A theory to life!

From buy-to-build strategies and vertical integrations to buying back core assets in the private equity world, if you are looking to pursue a career in banking this is the episode for you.

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MM133: Did Sam Altman engineer his own exit to gain control of OpenAI? Nov 24, 2023

It's been a remarkable week at Open AI!

In a series of unforeseen events, the founder was fired, took a brief stint at Microsoft, and then made a dramatic return to the helm of the company he originally created.

This whirlwind of changes begs several questions: What were the reasons behind his initial termination? Who is currently in charge of OpenAI's board of directors? And can we dismiss the possibility that these events were part of a deliberate plan?

Meanwhile, in markets, hedge funds that placed their bets against the US and European stock markets are reeling from a staggering $43bn in losses following an unexpected market rally.

We delve into the sectors most affected and why. Additionally, we demystify the mechanics of a short squeeze and discuss the inherent risks of relying on algorithmic trading as a guaranteed profit strategy.

Black Friday competition to win two fully sponsored places on the AmplifyME Summer Analyst Training Programme https://www.linkedin.com/feed/update/urn:li:activity:7133742770585788417

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MM132: Inflation drop sends stocks higher & Michael Burry's new 'Big Short' Nov 17, 2023

It's the end of the week, so time to catch up on some of the major themes in focus:

Why US and UK inflation has fallen, how markets reacted, and why Morgan Stanely and Goldman Sachs disagree on what comes next!

Infamous hedge fund manager Michael Burry of the 'Big Short' takes a new bet on the decline of semiconductors and what's going on with Warren Buffett's portfolio

Thoughts on the meeting between US President Biden and China's Xi Jinping and the UK Prime Minister gives it one last throw of the dice in a major cabinet reshuffle

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M&A Explained Part 3: Buying to boost ESG & Cashing in from underperforming companies Nov 16, 2023

In the third episode of this four-part mini-series on M&A, we take a look at ESG through the lens of the latest Glencore deal to buy the coal division of Canada’s Teck, grab a quick Joe & the Juice as private equity money looks to cash in and explore why Germany are looking to acquire Dutch owned Tennet to sure up their national security.

Take our free M&A Finance Accelerator simulation https://amplifyme.com/mafa

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M&A Explained Part 2: Three Reasons For Making Acquisitions Nov 10, 2023

In the second episode of this four-part series, we look at the different reasons that drive the decision to acquire another company.

Whether it be to gain political influence, or to make the most of potential revenue and cost synergies, we'll examine each scenario incorporating real-life examples so it's super easy to understand!

Register for the next M&A Finance Accelerator simulation www.amplifyme.com/mafa

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MM131: Is Bitcoin heading to $150,000?! Nov 03, 2023

Last week, the price of Bitcoin reached $35,000, its highest level since May 2022. So why has the cryptocurrency woken from its slumber and how far can this recent rally go?

Also, in this week's podcast episode:

FTX founder Sam Bankman-Fried has been convicted of fraud and money laundering by a New York jury and is set to face up to 110 years in prison!

Apple's latest earnings disappoint but why context is important when looking at their long-term performance

US stocks rally sharply this week as US yields dropped on a dovish pivot from the US Federal Reserve

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M&A Explained Part 1: Economies of Scale & Reacting to Competition Nov 01, 2023

Over the next four episodes, we will use the latest deal announcements to better understand why M&A happens.

We will look at textbook (and non-textbook) deal rationale for acquiring, and selling, which will help you nail interviews and assessment centres.

Each week we will look at three key reasons why a company might go on the hunt for acquisitions, and one reason why a company might be ready to sell.

In the first episode of the series, we will be looking at Economies of Scale and Reacting to Competition – using Shein’s acquisition of Missguided and Google’s $2bn investment in AI company Anthropic.

We will also be looking at the recent wave of mega deals in the Oil and Gas sector to see how the weight of cold-hard cash acts as a reason to go out and find some acquisitions.

Finally, we will be using Intel and Blackberry to discuss the logic of spinoffs and the rationale behind selling the family silver.

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MM130: Microsoft's AI edge & Chevron's biggest M&A deal ever Oct 27, 2023

In this podcast episode, we take a deep dive into the numbers of Microsoft and Alphabet (Google) who had a mixed reception on Wall Street as the AI battle rages and Cloud competition remains fierce.

The conversation then pivots to more mega-deals in the US energy sector as Chevron looks to buy US oil and gas producer Hess Corporation in a $53bn all-stock deal.

Find out why a little country in South America holds the key for major oil corporations in the US.

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How to enhance your Investment Banking applications through sector selection Oct 25, 2023

Are you eyeing a future in investment banking, but puzzled about which sector to choose?

Join us in this podcast episode as Anthony Cheung and Silvia Magni guide you through the maze of sector selection and explain its impact on your Investment Banking application.

Get insights on:

Understanding the diverse sector teams

Exploring the nuances of tech, natural resources, and financial sectors

The variations among valuation models

Strategies to showcase your enthusiasm

A peek into the daily life and the prospective career paths in the industry

Make sector selection work to your advantage in your IBD applications and set yourself apart from the competition!

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Dates for the next M&A Finance Accelerator simulation will be announced via the newsletter!

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Investment Bank Application Tips from a J.P. Morgan IBD Summer Analyst Oct 23, 2023

A special podcast episode to help everyone who is currently in the midst of applications!

I'm joined by Gauri Duhan, a final-year PPE student at LSE who interned at J.P. Morgan this summer and secured a return offer to join their UK M&A team in the investment banking division.

In this conversation, we cover:

How to handle applications (quality vs quantity)

Tackling online tests (numerical)

Advice for HireVue interviews

Technical and behavioural interviews (preparation & execution)

Dealing with pressure at an assessment centre

Here is the list of resources mentioned by Gauri:

https://www.jobtestprep.co.uk/

https://www.assessmentday.co.uk/

https://www.graduatesfirst.com/

https://apps.apple.com/us/app/mimir-mental-math-lite/id416770677

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MM129: Unlocking Success: The ONE Essential Characteristic for Traders, Graduates, and Business Owners Oct 20, 2023

This week we delve deep into the single, most essential trait that has proven vital across diverse fields - be it trade, academics, internships, or entrepreneurship.

It's the one characteristic that unites successful traders, top-achieving graduates, and savvy business owners.

What is it? You'll need to listen to find out!

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The Deal Room: Goldman's profit tanks, Man U slumps & Birkenflops! Oct 18, 2023

Goldman Sachs reported a 36% drop in third-quarter profits, the bank’s eighth straight quarter of falling earnings BUT eked out a year-on-year increase in investment banking revenues for the first time in almost two years.

Should DJ Sol be hanging up more than his decks? Or is this an effective pivot from the US investment bank which is now over the worst?

Meanwhile, shares in Manchester United slumped after the Qatari group withdrew from their 100% bid for the football club and we review what Birken'flop' means for the IPO market going forward.

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MM128: Everything you need to know about J.P. Morgan, BlackRock, Citi and Wells Fargo's earnings! Oct 13, 2023

Everything you need to know about today's earnings from J.P. Morgan, BlackRock, Citi and Wells Fargo

On The Trading Floor podcast series this week we unpack the first of the major investment banks to report Q3 earnings.

If you're in the process of applying to these firms, don't miss out on this episode. A "must-listen" to significantly enhance your applications!

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The Deal Room: Citi strikes a $3.6bn deal with HSBC & ExxonMobil looks to acquire Pioneer for $56bn Oct 11, 2023

In The Deal Room this week the team discuss:

Citi's decision to sell its $3.6bn China consumer wealth portfolio to HSBC. Find out the strategy behind the deal and what might come next for the UK-listed bank.

ExxonMobil is embarking on one of the biggest M&A deals of the year. The acquisition represents the first big move of an oil Supermajor in the Permian Basin, the USA’s largest oil-producing region.

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MM127: Why surging yields may break the financial system! Oct 06, 2023

World's biggest bond market hits a wave of selling

Global bonds at the mercy of Treasuries in an echo of 2020 debt sell-off

Treasury-bond collapse ranks among the worst crashes in history

Bloomberg has reported losses on Treasury bonds with maturities of 10 years or more had notched 46% since March 2020, while the 30-year bond had plunged 53%.

Those losses are nearly in line with stock-market losses seen during the worst crashes of recent history — when equities slumped 49% after the dot-com bubble burst and 57% in the aftermath of 2008.

In this podcast episode, we attempt to step out of the hysteria, re-examine what caused this move and look at the effects it may have on US/European banks, debt markets, pension funds, and the private equity community.

If you have an interview or an assessment centre coming up then you MUST listen to this episode!

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The Deal Room: Bill Ackman on a potential deal with Elon Musk's X & Birkenstock's $10bn IPO Oct 04, 2023

Welcome back to the Deal Room on the AmplifyME podcast where this week our Director of Corporate Finance Stephen Barnett unpacks three themes in focus this week:

Bill Ackman the famous activist investor has said that he would consider taking Elon Musk's 'X' public. You've heard of a SPAC but what's a SPARC?!

The IPO run continues with Birkenstock the German footwear maker about to fetch a valuation of $10.1bn

With M&A deals starting to liven up, we take a look at what dealmakers need to do to avoid missing out on the target of $3 trillion in deal volume for the first time since 2013

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MM126: Could surging oil prices lead to an economic collapse? Sep 29, 2023

AmplifyME co-founder Piers Curran returns to the show to deconstruct what exactly is going on in the oil market and the potential impact it could have on the global economy.

This is a great episode to really connect the dots and better understand how financial markets and the economy operate.

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The Deal Room: Will Private Equity be at the centre of the next financial crisis? Sep 27, 2023

Private equity firms have been increasingly adding another layer of debt to their complex borrowing arrangements, raising concern among some investors about potential risks to the wider industry and the financial system.

In this episode, Director of Corporate Finance Stephen Barnett explains how the PE business model works, how it's impacted by rising interest rates, and what the potential dangers are to the wider system.

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From Trading to Netflix: How Andrew Osayemi overcame the odds to achieve success across his career Sep 22, 2023

Andrew came from humble beginnings. Born in Peckham, London, success as a young person was just about not getting into trouble!

Fast forward to today and he has worked in New York as a trader, is an award-winning TV producer and has been instrumental in setting up a wide variety of diversity initiatives across the finance industry.

However, it has not been without its challenges.

In this conversation, Andrew not only tells his story but shares the lessons he learned along the way.

Insightful but also inspirational, this is a must-listen episode!

*********

Given it is application season, Andrew has kindly made his book 'The Successful Student Job Hunter' FREE on Amazon for this weekend only!

(Select kindle version - £0.00 to get the free version. No kindle needed – you can use amazon free online kindle reader)

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The Deal Room: The IPO market reopens & how to leverage this for your banking applications! Sep 20, 2023

The past two weeks have seen some big names come to market including the likes of Arm, Instacart, Klayvio and Birkenstock.

While there are similarities, there are also unique differences.

From the sector, strategy, and end outcome for founders and venture capitalists, this is a great episode for anyone interested in working in Equity Capital Markets (ECM).

Better still, Stephen Barnett, our Director of Corporate Finance shares some great insight on the role that investment banks play in the IPO process, a MUST listen segment that will really make your applications stand out!

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The Deal Room: Arm IPO explained Sep 13, 2023

Arm, the chip designer owned by SoftBank is set to secure at least the top end of the price range in its initial public offering, which would command a $54.5bn valuation.

Who is Arm?
What is their business model?
Why are there so many banks involved in running the deal?
What are anchor investors?
What can you expect on pricing and the first day of trading?

All these questions and more are answered by our Director of Corporate Finance Stephen Barnett.

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Career Insight: Equity Research Analyst explained Sep 08, 2023

In the spirit of application season and making sure you apply to the right role for you, our latest podcast episode is a deep dive into the role of an equity research analyst.

Where does Equity Research sit in an Investment Bank?

How is the division structured in terms of teams/focus?

What are the main tasks of an Equity Research Analyst?

What are the key skills necessary to have success in this role?

To help answer these questions, I'm joined by our very own Silvia Magni, a former equity research analyst at a tier 1 US investment bank.

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The Deal Room: How Middle Eastern money is fuelling M&A activity and why Kylie Jenner wants back in! Sep 06, 2023

Director of Corporate Finance Stephen Barnett returns to the show to answer questions on the following three themes:

Big money coming out of oil-rich Gulf countries is helping the Middle East buck the global M&A trend. So what's the strategy, how important is 'soft' power and where might there be opportunities for aspiring young bankers?

We've covered Kim so it's over to Kylie! Reports this week that Kylie Jenner has explored buying back Coty's $600mn stake in her makeup brand. What were the mechanics of the deal and why does so want her company back?

OpenAI rival Cohere is tapping the likes of JPMorgan and Goldman for financing, but why are they raising money again so soon and how can these banks help the process?

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MM125: Is the UK housing market about to crash? Sep 01, 2023

In our latest podcast episode, I talk to AmplifyME co-founder Piers Curran on three major topics:

1 - UK house prices have fallen at the fastest rate since 2009. How bad will it get and why Denmark might have the solution to Britain's broken housing market

2 - UBS posted the biggest-ever quarterly profit in banking history this week, so how exactly did they pull it off?

3 - Is the US labour market starting to show some cracks and why this is actually good news for the stock market!

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MM124: Is Nvidia overvalued and why the expansion of the BRICS matters to the West and the rest! Aug 25, 2023

Nvidia reported an incredible 88% jump in revenue this week driven by the ongoing demand for AI chips. However, their shares finished the session flat. What is a fair valuation for the tech stock and can its shares continue to rise?

The BRICS (Brazil, Russia, India, China, South Africa) launched their biggest expansion in its history but what is this group of nations, why the additions and what are the long-term implications for the West?

Find out the answers to these questions with our Chief Content & Culture Officer Anthony Cheung and Co-Founder Piers Curran.

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The Deal Room: The Venture Fund that changed everything! Aug 23, 2023

In this episode, Director of Corporate Finance Stephen Barnett dives into Softbank's $100bn Vision Fund.

Here's what you can expect:

- The history of Softbank and the creation of the Vision fund

- How the size of the fund changed venture capital – and not necessarily for the good

- WeWork as a case study for the venture boom

- The impact of higher interest rates and market drawback on Softbank

- Where this leaves us in the summer of 2023

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The Deal Room: Working in venture debt and how to break into early stage funding with Ross Fleck, Managing Director at Comerica (PART 2) Aug 18, 2023

In this wide-ranging interview, our Director of Corporate Finance Stephen Barnett speaks to Ross about:

What working for a world-class team feels like
How to leave jobs you love and make hard career decisions
The differences between a global bank + a regional bank
Why mentors don’t always need to be your seniors
What is venture debt, and how to break into early-stage funding
Best career advice for young people looking to break into finance
What podcast all young people should be tuning into
And much more!

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The Deal Room: Bulge bracket vs Boutique and how to navigate your career in finance with Ross Fleck, Managing Director at Comerica (PART 1) Aug 16, 2023

In this wide-ranging interview, Our Director of Corporate Finance Stephen Barnett talks to Ross about:

Why taking multiple gap years might make sense and the benefits of an MBA
Why being a jack of all trades is beneficial to banks, and to your career
How to navigate assessment centres (in the face of adversity)
Why soft skills are most important to develop at an early age (the rest you can learn)
Why it’s important to have a plan, but also embrace flexibility and learn from every role you get
The importance of being yourself – taking the job seriously, but not yourself
Why the perfect job doesn’t exist, and your career is only one facet of your life and personality
And much more!

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The Deal Room: Why Private Equity is Lionel Messi's biggest fan! Aug 09, 2023

Ares Management, one of the world’s largest private equity investors, recently announced a new $75mn investment into Major League Soccer's (MLS) Inter Miami.

In this episode, Director of Corporate Finance Stephen Barnett breaks down the mechanics of the deal and why the likes of David Rubenstein, co-founder of the Carlyle Group, has stated that "It’s very difficult to buy a sports team and lose money!"

With an investment strategy that makes investing in the stock market look boring to guest appearances from the likes of David Beckham and Michael Jordan, this is an episode not to miss.

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MM123: Apple & Amazon earnings explained and why the US downgrade shouldn't come as a surprise! Aug 04, 2023

Find out why despite Apple's drop in revenue the company has crossed an important milestone with its Services division and how aggressive and consistent job cuts, amid a surprisingly resilient US economy, has Amazon feeling optimistic about the future.

Meanwhile, ratings agency Fitch downgraded the United States earlier this week to much fanfare in mainstream media. So how important is this news for markets? Why did they take such action? Is the erosion of governance only going to get worse?

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The Deal Room: Challenges of direct listing and how SPAC deals work Aug 02, 2023

In this conversation, our Director of Corporate Finance Stephen unpicks the changing IPO landscape and looks at the challenges of direct listing and the structure of SPAC deals using real-life examples in focus today.

A great listen for anyone interested in banking to better understand the importance of strong fundamentals, investor awareness, and careful consideration of structural aspects when a company seeks to go public through these alternative methods.

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MM122: BIG tech earnings & yield curve control explained? Jul 28, 2023

A BIG week for global markets, from tech earnings to central bank decisions, get the full low down.

On the trading floor this week, Anthony and Piers discuss:

Meta makes a comeback, Google excels on advertising spend and Microsoft posts tepid numbers. Get up to speed on the latest earnings reports from the world's largest tech names.

A dovish Fed, soft landings, and yield curve control. Find out what happened in this week's Fed, ECB, and BoJ monetary policy decisions.

The bluebird is no more as Twitter becomes 'X', but why is Elon Musk ripping up the marketing textbook and will it work?

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The Deal Room: The IPO market starts to thaw & CVC Capital Partners raises €26bn for the largest buyout fund in history Jul 26, 2023

Stephen Barnett, our Director of Corporate Finance goes solo this week to cover three major topics in focus:

Oddity IPO - The Israeli company ('where beauty meets Israeli technology') debuted on the Nasdaq. Lead book-running managers Morgan Stanley, Goldman Sachs, and Allen & Co. priced the IPO at $35, raising $424mn and achieving a first-day IPO 'pop' of over $35%!

Cava IPO - The US fast food restaurant chain achieves a whopping 100% first-day pop on its opening day. Did underwriters J.P. Morgan, Citi, and Jefferies get the offer price wrong?

CVC raises the largest buyout fund in history. The €26bn fund, which topped Blackstone's $26bn buyout fund, raised in 2019, suggests that investor demand for Private Equity is still high, despite clear headwinds.

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MM121: Goldman profit plunges & has the UK turned the corner with inflation? Jul 20, 2023

I am joined by co-founder Piers Curran to talk over three themes in markets this week:

1) Goldman Slumps - the US investment bank reported its lowest quarterly profit in almost six years, weighed down by falling trading and investment banking. Was this unexpected? What does it mean for the fate of CEO David Solomon?

2) Tesla’s profit margins slipped in the latest quarter as a series of price cuts this year weighed on its earnings and Netflix's password-sharing crackdown pays off with nearly 6mn new subscribers. We take a look at what we've learned from their latest corporate earnings reports.

3) Has the UK finally caught a break as inflation fell to a 15-month low resulting in the British Pound trading back below 1.3000 and traders reigning in their rate hike expectations for the Bank of England.

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MM120: J.P. Morgan, Citi, Wells Fargo & BlackRock earnings explained! Jul 14, 2023

This week I've pulled on the best minds at AmplifyME on Markets and Banking as Piers Curran and Stephen Barnett deconstruct the first of the big Wall Street banks to report their Q2 performance.

We look beyond the headlines to explore the reasons behind the performance in different divisions, the impact of the macro climate, and how their business strategies differ.

If you are applying to one of these financial institutions this is a must listen episode!

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The Deal Room: How To Lose $25bn - FIS Sells Worldpay In Largest Corporate Carveout In A Decade Jul 12, 2023

The main topic of conversation this week is Fidelity National Information Services who have agreed to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR, valuing the business at up to $18.5bn. In fact, this is one of the largest corporate carve-outs in history!

Get an overview of the deal, its structure, and the role of syndicated debt explained in a super easy-to-understand way by our Director of Corporate Finance Stephen Barnett.

There's even a quick update on the breaking news regarding Microsoft's acquisition of Activision Blizzard.

Want to work in corporate finance, then this is one not to miss!

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MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle? Jul 07, 2023

Co-founder Piers Curran returns to the Friday show to discuss:

US interest rate expectations - Has the market gone too far, what does an inverted yield curve imply, and why a resilient economy is actually bad news for markets!

UK mortgage crisis - Should you be worried?, how far north will interest rates rise and why the UK economic situation is the same but different from the US

OPEC+ cut again - Russia joins Saudi Arabia in committing to supply cuts but are they fighting a losing battle?

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MM118: Traders boost bets on more Fed rate hikes & 5 tips for investment bank applications! Jun 30, 2023

In this week's global markets episode, we talk about:

Jerome Powell, Christine Lagarde and Andrew Bailey gathered at the ECB forum on central banking held in Sintra Portugal. Find out what was said and the current outlook for the three major central banks.

US data surprised to the upside this week ramping up bets for the Fed to continue to tighten policy in the months ahead.

US banks passed the Fed's stress tests but one major financial institution is drawing more attention than others.

Guest speaker Mithesh Duddekunta provides his top 5 tips for managing your applications to roles in finance, including a secret tool that will make a HUGE difference!

Application Tracker! https://tinyurl.com/5pf8mk77

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The Deal Room: Aston Martin strikes Lucid EV deal & SpaceX tender offer explained Jun 28, 2023

Welcome back to The Deal Room, our mid-week show where we talk all things corporate finance.

Up for discussion in this episode:

- Elon Musk’s SpaceX is offering to sell insider shares at a price that would raise the company’s valuation to about $150bn. So what is a tender offer and why is space a growth area?

- Aston Martin has struck a strategic supply agreement for high-performance EVs with U.S.-based Lucid Group. We unpick the deal rationale and what role the Saudi Public Investment Fund (PIF) has to play.

- Goldman Sachs is set to lay off 125 managing directors in the third round of job cuts in less than a year. We discuss the cyclical nature of IBD.

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MM117: Bank of England shocks markets & 5 useful tips if you don't have an internship this summer Jun 23, 2023

Welcome back to The Trading Floor, where I'm joined by Stephen to deconstruct some of the major news in markets this week with the addition of some career tips from the students in our community!

What to expect in this episode:

MARKETS

- The Bank of England hiked interest rates by more than expected. What are the risks for the UK mortgage market and its impact on markets?

- Nvidia now tops Tesla as ESG funds ratchet up exposure to AI, but what exactly is an ESG rating? And can you actually invest for good?

CAREERS

- 5 tips on how you can still secure a graduate role in finance even if you haven't secured an internship before!

- Non-traditional ways to break into corporate finance roles

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The Deal Room: Private Equity's Unique Subway Sandwich! Jun 22, 2023

What has Subway, your mobile phone, and the largest retailer in China have to do with investment banking?

Find out in the latest episode of 'The Deal Room' where Director of Corporate Finance Stephen Barnett and Co-founder Piers Curran look to use the latest headlines as case studies to explain various concepts in banking.

So whether it's understanding the logic of conglomerates and verticalisation, or capital structures and leverage finance, we take these important topics and bring them to life in a way that everyone can understand!

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MM116: Fed, ECB and BoJ update and what to look out for next week in global markets Jun 16, 2023

This week I'm flying solo with a quick 10 minute wrap-up of the major events in global markets this week.

Find out why global stocks are headed for their best week in more than two months and get up to speed on the latest policy announcements from the US Federal Reserve, European Central Bank, and the Bank of Japan.

There are also two key events I'm watching out for next week but you'll have to listen to find out what they are!

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The Deal Room: Big Pharma M&A Splurge & Kim Kardashian's Private Equity Fund Jun 14, 2023

Welcome back to The Deal Room where I get the latest thoughts from our Director of Corporate Finance Stephen Barnett as he connects the dots from classroom theory to real-life examples in the news this week.

In this episode, we cover:

- Big Pharma dealmaking recovers with $85bn M&A splurge. What makes this sector unique and how are different deal teams structured in an investment bank?

- Sticking with the AI theme, Artificial intelligence startup Cohere has raised $270mn from a mix of venture capital and strategic investors including Oracle and Nvidia. We haven't discussed venture funding so far so we deep dive into what you need to know and the tactics behind big business strategy

- Kim Kardashian recently presented her debut private equity fund to a sea of curious investors in Berlin at the SuperReturn conference. Find out what's the story, the structure of the fund and whether Kim has a unique edge.

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MM115: The PGA-LIV Merger Explained & Saudi Arabia's Oil Market Gamble Jun 09, 2023

Welcome back to The Trading Floor and this week I'm joined by Stephen to talk about some of the main headlines in global markets.

In this episode, we focus on two topics:

1) The PGA Tour has agreed to merge with Saudi-backed rival LIV Golf. We will discuss the background, the merger, and perhaps a villain or two!

2) Saudi Energy Minister Prince Abdulaziz delivered a "Saudi lollipop" this week. What exactly does that mean? Why is Saudi Arabia cutting production? And will the Saudi plan succeed?

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The Deal Room: 'Succession' Explained - How Similar Is The TV Show To Reality?! Jun 07, 2023

Join our Director of Corporate Finance Stephen Barnett as he attempts to explain the world of corporate finance and deal-making through the lens of the hit TV show Succession.

Acquisitions, takeovers, and succession planning. All of these are prominent areas of activity for an investment banker and in this episode we apply these concepts to the world of Waystar Royco and Gojo technologies.

So sit back, put the headphones on and enjoy learning about how the world of finance works in a way that everyone from any background can understand!

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MM114: Is a US debt ceiling deal actually bad for stocks?! Jun 02, 2023

On The Trading Floor this week, Piers and I discuss three hot topics:

1) Now a US debt ceiling deal has been struck what next for financial markets?

2) Stocks are still going up, mainly led by big tech but market commentators keep talking about a narrow market, so what exactly does that mean?

3) Apple's next big product The Reality Pro headset, is expected to be announced at Apple's developer conference on Monday 5th June. Smash hit or too late to the party?!

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The Deal Room: Manchester United And The Lure of Trophy Assets May 31, 2023

Welcome back to the latest episode of 'The Deal Room' where I'm joined by our Director of Corporate Finance Stephen Barnett.

This week, we use Manchester United as a case study to better understand the roles of the banker, the strategist, and the private equity investor.

We also explore the rationale behind why so many prized companies are leaving London for New York and why J.P. Morgan was more than happy to get their hands on First Republic in the wake of the SVB crisis.

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MM113: Nvidia's blowout earnings & is the bear market rally about to end? May 26, 2023

Welcome back to the Friday podcast where I'm joined by AmplifyME co-founder Piers Curran to talk all things global markets.

Three hot topics up for discussion this week:

1) Nvidia's earnings, which resulted in their shares skyrocketing 25% to become the fourth largest company in the Nasdaq 100. We look at whether the company is worth the hype.

2) We scratch beneath the surface of the current stock market rally and look at some potential warning signs that we may be nearing the end of the bear market rally.

3) Status check on the US debt ceiling negotiations as the clock runs down. We share the timeline on what to watch out for in the coming days.

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The Deal Room: Blackstone takes the hit on Bumble - why PE is taking a loss on its listed portfolio May 24, 2023

Welcome to a brand new series coming at you every Wednesday where I'm joined by Stephen Barnett our Director of Corporate Finance at AmplifyME.

The objective of 'The Deal Room' is to complement our end-of-week chat about global markets with a more M&A and Private Equity deal-focused discussion.

To kick things off this week, we talk about why Private Equity groups are increasingly selling shares in portfolio companies at a discount to the price at which they went public, what's going on with the $69bn Microsoft purchase of Activision Blizzard, and discuss one of the biggest deals of the week - Chevron's $6.3bn bid for PDC Energy.

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MM112: Is the US heading for an 'economic and financial catastrophe'?! May 12, 2023

Talk about the US debt ceiling is starting to heat up. US Treasury Secretary Janet Yellen urged Congress on Thursday to raise its debt ceiling, warning that a US default would produce an “economic and financial catastrophe” that would trigger a global economic downturn and risk undermining the country’s ability to provide global leadership.

So what is the debt ceiling? could we default? and might former President Donald Trump have the best negotiating tactics?!

We also discuss US inflation after the April CPI report saw the headline figure drop below 5% for the first time in two years, and we take a look at why major investment banks have changed their tune on the prospects for the British Pound.

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MM111: The US banking crisis claims another victim May 05, 2023

In this episode, Piers and I take stock of the US banking crisis after regulators seized and sold First Republic Bank to J.P. Morgan marking the second-largest bank failure in US history.

We recap what caused this situation, will there be more casualties and are the Fed to blame?

Next up is the latest earnings from tech giant Apple and we explain why CEO Tim Cook is getting excited about India!

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Working at an Investment Bank: How to stand out as an Analyst or Associate (Part 3) May 03, 2023

The third and final career insight with John Normand - 'How to stand out as an Analyst or Associate'.

Saving the best until last, this episode is a must-listen for any student considering working in financial markets.

In this conversation, we cover:

Attributes of good analysts and associates

Entering finance from a non-traditional background

The value of newer credentials (Quant skills)

Remember, you can check out the first two episodes now on your preferred podcast platform to listen to my previous conversations with John who was a Managing Director and Head of Cross-Asset Fundamental strategy at J.P. Morgan for 25 years.

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MM110: The importance of AI, cloud computing and advertising at big tech firms Apr 28, 2023

Earnings from the tech giants Meta, Microsoft, Alphabet, and Amazon were a positive surprise for Wall Street investors. So what were the numbers that mattered?

We talk about how AI, cloud computing, and advertising are key areas that connect these titans of industry, but in the end, who will come out on top?

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Working at an Investment Bank: Work/Life Balance (Part 2) Apr 26, 2023

This is the second installment with former J.P. Morgan Managing Director John Normand, who gives a detailed and honest account of what to consider and how to think about your future career in finance.

Here's what you can expect from episode two of this three-part series:

- Good job at a bad company, or bad job at a good company?

- Why John stayed at JPM for 25 years

- The conflict between being a producer and being a manager

- The trade-off between managing your personal and professional life

- Goal setting and tips for achieving success

- The role of luck in your career

Remember, you can check out the first episode now (Perception vs the Reality of Working at an Investment Bank) on your preferred podcast platform, and don't forget to subscribe and turn on your notifications to catch the final episode next week!

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MM109: Why Tesla shares could rally over 1,000% & Goldman Sachs feels the pain Apr 21, 2023

In this episode, Piers and I look at four stories in focus this week, from Tesla earnings and insane price target, to how AI is being used in trading and why Goldman Sachs is having a rough time at the moment.

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Working at an Investment Bank: Perception vs the Reality (Part 1) Apr 19, 2023

This is a must-listen for any student interested in working in finance as John Normand, a former 25-year veteran in Global Markets at J.P. Morgan, gives a detailed and honest account of what to consider and how to think about your future.

In this first of three episodes, John explains how he came to work in finance before we then tackle two important questions:

What's the perception vs the reality of working in finance?

His best and worst experiences working in the industry?

Lots more amazing content coming in the following weeks, including common attributes of successful analysts and associates, work/life balance, and how to set goals and manage expectations.

Make sure you follow the AmplifyME Market Maker podcast and turn on your notifications!

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MM108: Elon Musk's 'everything app' & the latest US bank earnings Apr 14, 2023

Early this week, Twitter merged with X Corp. as Elon Musk advances his idea of an 'everything app'. We discuss Musk's obsession with 'X' and where it all began and explore some of the potential barriers to achieving his vision.

We then examine the first of the major US banks to report Q1 earnings. It comes as shares in J.P Morgan rose sharply after the firm boosted its outlook for lending profits and said it added $37bn in deposits in the first three months of the year in the wake of Silicon Valley Bank’s collapse.

Find out what this means for JP, the banking sector, the probability of a US recession, and the decisions to come for the Federal Reserve.

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MM107: Nasdaq 100 moves back into a bull market! Mar 31, 2023

The Nasdaq 100 Index surged into a new bull market Wednesday for the first time in nearly three years.

Technology stocks have outperformed this year as investors speculate that weakening economic data and the risk of a recession, heightened by recent bank stresses, may prompt the Federal Reserve to stop raising interest rates sooner than expected.

So the big question is can it last?

We also discuss the dire state of global dealmaking, why it's gold's time to shine, the rationale behind the Sergio Ermotti callback at UBS, and why the folk at Klarna are not happy!

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MM106: Deutsche Bank triggers a slide in European bank shares Mar 24, 2023

In this episode, Piers and I take a look at the Deutsche Bank whose shares have fallen as much as 15% at the time of recording on Friday, dragging the entire European banking sector with it. In fact, the German bank has now lost more than a fifth of its value so far this month!

So what's happened? Will they follow a similar fate to Credit Suisse? Or are they too big to fail?

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How to make your finance application standout with Bloomberg EMEA Early Careers Recruiter Bethany Anstey Mar 22, 2023

In this interview, I'm joined by Bethany Anstey, who is an EMEA Early Careers Recruiter at Bloomberg.

In this conversation, Beth shares some invaluable tips for students applying for roles in finance as well as an insight into the culture at Bloomberg, one of the world's premier distributors of financial news and data.

- Introduction

- Common mistakes from applicants

- What makes a candidate stand out

- What is the type of candidate that Bloomberg hires

- The importance of your professional brand

- Steps to find the right role and company to work for

- Tips for networking on LinkedIn and email

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MM105: What just happened to Credit Suisse and should you be worried? Mar 16, 2023

In this episode, we focus on the Swiss firm Credit Suisse after their shares fell over 30% on Wednesday this week.

In fact, the headline of the Daily Telegraph, a major news publication in the UK read, "Swiss bank crash stokes fears of a new global crisis as UK officials scramble to help prop up the bank as the meltdown overshadowed the budget"

Sensational? Or is this really the start of something bigger?

We discuss what triggered the crash, why the shares are now up sharply, how this differs to the recent demise of Silicon Valley Bank (SVB), the potential for contagion in the eurozone and its impact on the ECB, and what to look out for next for both Credit Suisse and the broader global economy.

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MM104: Silicon Valley Bank (SVB) contagion fears spark a global banking sell-off Mar 10, 2023

In this episode, we take a look at what exactly happened to SVB and why the collapse in their share price on Thursday rippled through the banking sector resulting in the largest four US banks losing some $47bn of market value in just one day.

Was the move justified? Could one of the larger banks also fall victim to the same issue? We explain some key areas to watch in the coming days.

We also review the major shift in Fed language this week after Fed Chair Jerome Powell stated that the Federal Reserve will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation.

Find out what this means for market expectations and why the next 3 days of trading will be critical for global financial markets.

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MM103: The demise of the London Stock Exchange as Arm and CRH chose New York Mar 03, 2023

In this episode, Piers and I unpack the headline 'Fears for the future of the London Stock Exchange' as SoftBank and the world’s largest building materials group CRH, shunned the City in favour of New York.

We look at where London sits in the context of the global exchanges, what makes New York more attractive and what can the UK government do to stop what has been a gradual decline of the UK's influence over the past 170 years.

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MM102: J.P. Morgan's $1trl target & why good data is bad news for stocks! Feb 24, 2023

In this episode, Piers joins me from NYC as we discuss why Morgan Stanley thinks the largest bank in the US could more than double its size in the coming years. We explain how the structure at JPM differs from pure investment banks like Goldman Sachs and the implication this has on their share price and investability.

On the macro side, stocks have continued to grind lower as recent strong data out of the US has made market participants think twice about a Fed pivot. Find out what's been going on and why Morgan Stanley think things are about to get a lot worse!

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Social Media handles:

►Twitter: @amplifytrading @AWMCheung @pierscurran

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MM101: Adani crisis & activist short selling explained Feb 10, 2023

Seven key Adani companies have lost at least a combined $110 billion in value after US-based short seller Hindenburg Research alleged improper use of offshore tax havens and stock manipulation by the conglomerate. The Adani Group has rejected the criticism and denied any wrongdoing.

In this episode, we explore who is Gautam Adani and Hindenburg Research, how activist short selling works and what have been the repercussions of the accusations for the Indian stock market and the wider economy.

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MM100: BIG tech earnings & why stocks keep on rallying! Feb 03, 2023

All the major tech firms have now reported and it's been quite the opposite of what you might expect. Meta (Facebook) came out trumps while Alphabet (Google) sank!

We deconstruct the tech giant earnings and look at whether or not a bad season for most is a sign of things to come or just a temporary blip for these titans of industry.

Attention then turns to the rally in stocks following the latest US interest rate announcement from the Federal Reserve. Find out what they said and why bank economists of a bearish disposition are getting nervous.

Finally, to mark our 100th episode we are joined by our competition winner Saqib Hussain, a former AmplifyME Summer Analyst who now works at KPMG, who gives us an update on what he's been up to since completing the programme!

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MM099: Microsoft & Tesla earnings and the rise of Citadel Jan 27, 2023

In this episode, we explain what you need to know from the first of the big tech companies to report their corporate earnings this season, Microsoft.

We dive into the numbers and explain what they all mean and why investors are most interested in the performance of their cloud computing division.

Elsewhere, Citadel has leaped past Bridgewater Associates to be crowned the top hedge fund manager in 2022, making an incredible $16bn profit for investors last year. But who is Citadel and how do they make their money?

We finish on why WhatsApp is getting employees at Morgan Stanley in trouble and why the PELOSI Act has Nancy all stressed out!

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MM098: Investment bank earnings & US debt ceiling explained Jan 20, 2023

In this week's episode, we discuss the latest corporate earnings from some of the world's largest financial institutions.

Ever wondered what the difference is between the likes of Goldman Sachs, Morgan Stanley, J.P. Morgan, and BlackRock? We break down the difference between investment banks and boutiques and explain how commercial banking and wealth management fits into the picture. Hopefully, it will serve as good intel to help you make more sense of the industry and be better informed for your future applications.

We also discuss the pros and cons of working on the buy-side or sell-side and how that can impact your career progression and earnings.

The final segment is reversed for the US debt ceiling after it was reported that the US Treasury is now taking “extraordinary measures” to meet its debt obligations after the US government hit its $31.4tn borrowing limit. Find out what this means and whether investors should be worried.

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MM097: US inflation cools & the fight for Disney Jan 13, 2023

In this episode, Piers and I dissect this week's US CPI report and discuss what it means for the US central bank and the broader market.

The release saw some wild intraday moves and in this conversation we look at how the different types of market participants react to this type of information from high-frequency hedge funds to value investors.

In single stock news, we take a look at the fight for Disney as the latest corporate drama pits chief executive Bob Iger against the veteran activist Nelson Peltz. Find out how a proxy fight works and why the magic kingdom is not such a happy place after all!

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MM096: 2023 Market Outlook & Tesla: Zero or Hero? Jan 06, 2023

Welcome back to the channel and our first episode of 2023!

This week we review how 2022 finished to set the scene for how this year may play out. Breaking down the major macro themes into how that will likely impact stock sector selection for the coming 12 months.

Last year, not many people would have predicted that Russia would invade Ukraine, so we take a look at the potential 'Grey Swan' events for this year.

Finally, we close on Tesla whose shares continue to slide, but has the dramatic decline meant that the EV maker is now trading at a good valuation?

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MM095: Stocks fall as central banks stay hawkish Dec 16, 2022

Welcome to the final episode of the year!

The week was dominated by central bank meetings where the Federal Reserve, Bank of England, and the European Central Bank all raised interest rates by 0.5%, signaling that there is still more tightening to come.

The policy decisions came despite a decline in both US and UK CPI readings, so what exactly is the reason for them to stay hawkish and how might this impact asset prices? We explain all you need to know.

Thanks to everyone in the community for supporting the show, it's hugely appreciated by myself and all the Amplify team.

Wishing you and your family a very Merry Christmas and we'll see you in the New Year!

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CAREER INSIGHT: The ONE standout quality you need to succeed with finance applications! Dec 14, 2022

For this episode, I spoke with Ben Arnold an investment director in value and European equities at Schroders.

Ben's got a really unique story. As a teenager, his number 1 dream wasn't to work in finance but rather to play hockey at the Olympic Games. Shortly after graduating from the University of Nottingham in 2012, he started working in the City part-time at RBS while he trained with the GB hockey team in preparation for the Rio Olympics.

After spending time playing professionally in the Netherlands, he returned to finance and pivoted his career to work in asset management and is now heavily involved in their recruitment selection process.

Ben is a true advocate for social mobility having come from a traditional working-class background and is always a willing candidate to help young people with their career decisions.

In this segment, Ben shares with me his top tips for standing out in both the application process and in the workplace.

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MM094: Goldman Sachs crypto bargain hunt & Credit Suisse raise $4.3bn Dec 09, 2022

In this episode, I take a look at what Goldman Sachs has to do with crypto. Whether it's picking up extra-institutional volume or seeking recruitment opportunities, the demise of FTX has a silver lining for some of the largest investment banks on Wall Street.

Then over to Credit Suisse, whose shares are actually outperforming the broader market today after the Swiss firm raised $4.3bn in a two-pronged capital increase.

Finally, England faces France in the quarter-final of the FIFA World Cup this weekend. Find out who has the better track record and my prediction for the winner!

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MM093: Jerome Powell boosts stocks & what to expect from OPEC+ Dec 02, 2022

Piers returns to the podcast to talk with me about the latest rise in US stocks following hints from Fed Chairman Jerome Powell that smaller rate hikes are coming. In fact, US stocks had their first streak of back-to-back monthly gains since 2021, with a gradual upward trend punctuated by a sharp rally on the last day of November.

We also discuss our thoughts on the upcoming OPEC+ meeting which comes amid the EU agreement to place a price cap on Russian seaborne oil. What will this mean for the price of oil? how might Saudi respond? and is the rising number of covid cases in China something to worry about?

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MM092: Fed sees smaller rate hikes coming & the cost of Thanksgiving! Nov 25, 2022

Happy Thanksgiving to any of our US followers! I have some holiday-related stats to quiz you on to get the episode started this week.

Then from a market perspective, I cover what information we learned from the latest FOMC minutes, why the UK is set to be one of the worst performers in the G20 over the next two years, and what caused volatility in the oil market this week.

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MM091: Invest like Warren Buffett & the UK budget explained Nov 18, 2022

In this episode, we use the latest Berkshire Hathaway 13F to understand some basic principles in managing a stock portfolio. Buffett's buy-and-hold strategy has served him well but the latest filing shows he's moved further into tech, purchasing a $4.1bn stake in the Taiwanese chipmaker TSMC. Is this a new direction for the 92-year-old Oracle from Omaha?

Elsewhere, we review the latest UK budget announcement and Piers explains why he thinks the Bank of England should stop hiking interest rates despite inflation hitting 11.1% this week.

Finally, Donald Trump has announced he will run for the US presidency in 2024, vowing "America's comeback starts right now". But first, he'll have to win the Republican Party's nomination. We look at the process and the likelihood of success.

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MM090: FTX fiasco rocks the crypto market Nov 11, 2022

In this episode, we attempt to unpack what exactly happened in the crypto market this week which was rocked by news about FTX and Binance, two of the world's largest crypto exchanges.

The move came as FTX CEO and founder Sam Bankman-Fried, who was hailed as something of a savior earlier this year, was subject to an investigation centering on the possibility that the firm used customers’ deposits to fund bets at Bankman-Fried’s hedge fund, Alameda Research.

What transpired was one of the fastest collapses of a company in recent history. So what went wrong? who's to blame? and what happens next? - we look to explain!

Other topics covered in this episode include, why the S&P 500 posted its biggest one-day rally since 2020 after the latest US CPI report, thoughts on Meta after Zuckerberg slashed 13% of the workforce and admitted he was wrong on strategy, and our initial take on the US mid-term elections.

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CAREER INSIGHT: 'Money Is Everything, Money Is Nothing' with Bilal Hafeez Nov 09, 2022

In this career insight episode, I am joined by Bilal Hafeez who is the CEO, Head of Research and Editor of Macro Hive. He spent over twenty years doing research at big banks – JP Morgan,Deutsche Bank and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.

To mark his 25th year in the industry, Bilal has written an article on the 25 lessons learned from 25 years in finance, covering invaluable lessons on finance, business and life.

In this conversation, we touch on the following 5 lessons:

Money is everything, money is nothing
Failure is the best way to level up
Start with what you fear
Be effective, not efficient
Learn every day or quit

It's rare that you get to have private conversation with such an experienced professional and Bilal's open and honest approach is not only refreshing but incredibly insightful.The conversation will hopefully add great value to those about to start their career, all the way up to people who hold leadership positions in a large organisation or a start up.

Bilal has done them all and shares his best advice!

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MM089: The Fed & BoE divergence and what it means for markets Nov 04, 2022

Piers returns to the show and gives his verdict on the big tech earnings and explains why despite their weak performance the S&P continues to hold up.

We then delve into the monetary policy decisions this week from the Federal Reserve and Bank of England, both of which raised interest rates by 0.75%. That move itself was not a big surprise but their forward guidance was. Find out why the two major central banks are heading in different directions in the months ahead which could create significant headwinds for the British currency.

Finally, we touch on Elon Musk taking the helm at Twitter and unveiling his idea to charge for a premium $8/mth subscription service. Will this create a new meaningful revenue stream and can Musk turn the social media company around?

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MM088: Tech giants lose $1 trillion in one week! Oct 28, 2022

It's been a BIG week for US tech earnings and one that has seen seismic reactions in the likes of Meta and Amazon. So much so, that the net worth of Mark Zuckerberg has now fallen more than $100bn in just over 13 months.

In this episode, I go beyond the headlines to see what really mattered in the earnings from Apple, Alphabet, Amazon, Microsoft, and Meta. My objective is to give you a better insight into what analysts look at in these reports to then make sense of the reaction in their stock price.

Elsewhere, it's been a busy week! Elon is now the CEO of Twitter, Chinese stocks got hammered as Xi Jinping consolidates power, and the British Pound has hit a six-week high as the new Prime Minister Rishi Sunak looks to bring back some fiscal discipline.

I hope you enjoy and check out the links below.

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MM087: Liz Truss resigns & Goldman Sachs restructures again! Oct 21, 2022

First up on the agenda this week is the resignation of UK Prime Minister Liz Truss, marking the shortest premiership in British history. Find out what happens next, the implications for markets, and whether we are about to see the return of Boris!

I'm also joined by Stephen Barnett, our Head of Schools, to unpack the announcement from Goldman Sachs this week who are planning a sweeping reorganisation of the firm folding its biggest businesses into three divisions, marking one of the firm's largest-ever reshuffles. Find out the strategy behind the move and implications for Goldman's share price and internal culture.

Finally, we talk about failed IPOs and why Private equity firms are taking the 'Leverage' out of Leveraged Buyout (LBOs).

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MM086: Liz sacks Kwasi & what next for US stocks? Oct 14, 2022

A busy end to the week, as UK Prime Minister Liz Truss sacked her Chancellor Kwasi Kwarteng and announced another U-turn in her government's tax cut plan. Find out exactly what happened and how markets reacted to the latest news.

We also tie in the latest developments in the UK bond market after Bank of England Governor Andrew Bailey told pension funds “You have three days to get out". A brave move or asking for trouble?

Finally, Thursday marked one of the largest intraday reversals in the US stock market on record. The initial move lower came after US Core CPI printed at a new 40-year high, but why did we rebound so quickly? Piers explains why the devil is always in detail!

US earnings for your bank applications https://www.linkedin.com/posts/anthonycheung10_students-careers-applications-activity-6986660014237097984-4Xl0?utm_source=share&utm_medium=member_desktop

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CAREER INSIGHT: Tanya Tracey, CEO of GAIN (Girls Are INvestors) Oct 12, 2022

In this career insight episode, I am joined by Tanya Tracey who is the CEO of Girls Are Investors (GAIN), which is a charity that seeks to address the lack of diversity in investment management through partnerships with schools and universities.

Tanya has over twenty years of experience in investment banking, investor relations, and diversity and inclusion, having worked at J.P. Morgan, Nomura, and the CFA Institute.

In this conversation, Tanya shares her career journey, working in a male-oriented environment, imposter syndrome, misconceptions about working in finance, and the importance of having role models.

GAIN is a fantastic charity and we are incredibly proud to work with such inspiring women to help bring about change in the workplace!

GAIN Investment Insight Programme http://www.gainuk.org/gain-investment-insight-programme

GAIN Empowerment Investment Internship Programme http://www.gainuk.org/gain-empower-investment-internship-programme

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MM085: Why Credit Suisse is not the next Lehman Brothers & Elon Musk's U-turn on Twitter Oct 07, 2022

In this episode, we discuss what happened to Credit Suisse this week as shares dropped and Credit Default Swaps (CDS) soared amid rumours the Swiss banking giant could be the next Lehman Brothers. But why did the market react so violently and is there any substance to this speculation?

Next is Elon Musk, who has thrown in the towel and has revived his commitment to buy Twitter at the original price of $54.50 a share. We look at the possible reasons behind the turnaround and who are the winners and losers in this saga.

Finally, OPEC+ unleashed shockwaves in the global crude oil market by cutting production by the most since the onset of the pandemic. The move puts Saudi Arabia on a collision course with the US, so why are they taking such a risk and who will they turn to for protection?

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MM084: Carnage in UK Bond/FX Markets – What happened, what’s next? Sep 30, 2022

Topics discussed in this episode

Unprecedented Emergency Action: The Bank of England to purchase £80bn long-dated UK Government Bonds to save the Pension industry – But why did they do this, and will it work?

UK Government bond yields spike above 5% in one of the largest market moves in history as traders panic over the sustainability of UK debt – Are these fears rational and where do yields go from here

What is Liability Driven Investment (LDI) and how did It nearly break the UK bond markets this week?

UK Pension funds driven to panic bond selling to cover interest rate swap margin calls. And, what are interest rate swaps anyway?

We lift the bonnet on this week’s Porsche IPO. Was it successful, was it priced correctly, how did the suspect Governance issues result in a discounted share price and what does it mean for Porsche’s future?

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MM083: Chaos at the Bank of England & Our top 3 trading films revealed! Sep 23, 2022

This week, we discuss why the Great British Pound continues to get hammered. From the split amongst policymakers at the Bank of England to the government setting out the most radical package of tax cuts since 1972. Has the probability of parity against the US dollar become more likely?

We also review the latest interest rate announcement from the US central bank and explain why the news was so negative for stocks on Wall Street, examine the decision by the Japanese authorities to intervene in their currency, and ask the question of whether the move by Credit Suisse to split up its investment bank will work.

But the biggest news of all, we reveal our top 3 trading films of all time!

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MM082: Banker bonuses and Goldman's top 4 buy the dip signals Sep 16, 2022

The UK chancellor is reportedly planning to scrap caps on bankers’ bonuses in a move to attract more talent to the City of London. Find out why the government is doing this and how investment banks manage bonus season.

We review this week's US CPI report which acted as a trigger for the Dow to close down more than 1,200 points, marking the worst day so far this year. Why was the move so aggressive and will the Fed now hike 100bps at next week's meeting?

Piers also shares Goldman's four important signals to look for when attempting to buy the dip and we both share one lasting memory of working during the Lehman Brothers collapse to mark the 14th anniversary of one of the most significant moments in stock market history.

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BREAKING: Billionaire Patagonia founder gives away company to fight the climate crisis Sep 15, 2022

The founder of the outdoor clothing company, Patagonia, has given away 100% ownership of the $3bn company to help fight climate change.

Yvon Chouinard, the mountain climber, and unlikely business leader has always placed the planet as the company’s most important stakeholder, committing to give 1% of sales to fight climate change, and embarking on an extensive worn-wear campaign.

Today’s announcement, which sees 100% of the company’s ownership, and profits, irrevocably dedicated to fighting climate change, illustrates Chouinard’s long-standing commitment to protecting the environment through the legacy of Patagonia.

In this short episode, Stephen joins me to explain more background to this incredible story!

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MM081: Kim Kardashian launches PE firm & Stocks rise despite higher rates Sep 09, 2022

Earlier this week, TV personality and business women Kim Kardashian launched her own private equity firm SKKY Partners with the help of Jay Sammons, a former employee at investment firm The Carlyle Group.

Piers and I use this deal to help explain the role that private equity plays in finance, how the industry works and the difference between P.E and venture capital.

On the macro front, we take a look at why stocks are set for their first weekly rise in a month despite the continued tightening of central bank policy and examine the impact of the estimated £150bn energy package announced by the new UK Prime Minister Liz Truss.

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MM080: Is GBP heading to parity? Sep 02, 2022

The UK economy is facing one of its toughest economic periods in history.

A looming threat of a recession, acute dependence on foreign capital, soaring debt costs, and the rising likelihood that the Bank of England’s independence will be scrutinised under the new Tory leadership have all led to the demise of the Great British Pound.

But how low will the currency go and is there a possibility of it reaching parity against the US Dollar?

In this episode, we also look at the history of currency interventions as the Japanese Yen hit a fresh 24-year low this week reigniting chatter on the likelihood that officials will intervene to support the currency and what to expect at the ECB meeting next week.

The final talking point is reserved for some stock news, as we look at why quant firms are suddenly interested in Warren Buffett's Berkshire Hathaway.

Email Stephen s.barnett@amplifytrading.com

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MM079: Breaking - Fed's Powell warns against ‘prematurely loosening’ Fed policy Aug 26, 2022

In this breaking news episode, I summaries the main take home points from the highly anticipated speech from the Fed Chairman Jerome Powell at the Jackson Hole symposium.

Find out what were the three main comments, how the market reacted and what does this mean for the September FOMC meeting.

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MM078: China slowdown & the revenge of the meme stocks Aug 19, 2022

In this episode, we focus on the increasing economic challenges being felt in China, who earlier this week surprised the market and cut interest rates for the first time since the beginning of the year. We look at why things are so bad and what might happen next.

Next, we turn our attention to the return of the meme stock craze with reports suggesting that short sellers have lost an estimated $1.65bn in this month alone. But what exactly is a 'short squeeze' and a 'call option' and who the hell is Jake Freeman, the 20-year-old college student who made $110mn trading Bed Bath & Beyond!

As ever, you can also expect the regular wrap-up of this week's major stories from Warren Buffett increasing his stake in Apple to Elon Musk briefly causing a 17% spike in Man United shares.

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MM077: US Stocks: Bull vs Bear Debate! Aug 12, 2022

In this episode, I go toe to toe with Head of Trading Piers Curran as we put forward our bull and bear case scenarios for the direction of US stocks

We also run through some of the major headlines in global markets this week:

- What does the drop in US CPI mean for the Fed?

- The impact of US gasoline prices dropping back below $4

- How impactful is the US Inflation Reduction Act?

- What next for the UK as the economy contracts in Q2

- Why the Druzhba pipeline is something you should know about!

- Elon Musk and another giant share sale

- Disney+ edges past Netflix but can the magic last?

- Pfizer is to buy Global Blood Therapeutics in a $5.4bn deal

- The main event: Bull vs Bear debate

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MM076: The UK is heading for a long & painful recession Aug 05, 2022

In this episode, I fly solo recapping some of the major stories in markets this week.

I take a look at why the Pound fell after the Bank of England delivered its largest rate rise since 1995, what the world's largest asset manager has to do with the crypto exchange Coinbase, and the implications of US House Speaker Nancy Pelosi visiting Taipei this week.

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MM075: Do you need coding skills for trading? Jul 29, 2022

A slight change up in this week's episode, as I'm joined by Milandeep Bassi, who is the Fintech products lead and full stack DevOps engineer at Amplify.

You might be wondering what the hell is that?! So in this episode, we talk about the following:

What do you learn in computer science
The type of characteristics that make a successful programmer
Creating and testing trading algos
The different roles and requirements within a quant trading team
Machine learning and A.I. in finance
Which coding languages are best to learn to get started

Don't worry, I still cover the usual round-up of what's been going on in global markets this week, from the Fed hike and technical US recession to the latest earnings from the tech titans.

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MM074: ECB bazooka & Tesla's lesson in financial engineering Jul 22, 2022

An incredibly busy week, from Russia resuming critical gas flows to Europe, to one of the biggest ever tech IPO's on the London market being put on hold due to the collapse of the Boris Johnson government, there's never a dull moment in markets!

In this episode, we start with deconstructing what exactly happened at the European Central Bank meeting, where interest rates were hiked 50bps, marking the first move higher in 11 years and the biggest since the year 2000. What was said? what on earth is the TPI? what risks are there following the resignation of the Italian PM Mario Draghi? and will any of this even work?!

We then pivot to US earnings season and zone in on the latest reports from Tesla and Netflix. Although Tesla shares have risen since the release of Q2 numbers what's actually going on under the bonnet and is Elon Musk covering up what otherwise are some troubling signs? and we explain why Netflix losing nearly 1mln subscribers in just three months is actually a good thing!

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MM073: Will the Fed hike 100bps & Is Elon Musk in trouble Jul 14, 2022

It's been quite an incredible week in global markets. The Euro hit parity against the US Dollar for the first time in 20 years, the Italian government is about to implode, the Tory leadership contest rumbles on, and the big US banks kick off the latest earnings season. However, the show stopper was undoubtedly the latest US CPI reading which came in at a red hot 9.1%, the largest gain since the end of 1981.

Piers and I discuss how the market reacted and more importantly how the US central bank may react. On the same day, the Bank of Canada delivered a surprise 100bps rate hike, not only the largest rate hike by them in 24 years but the first G7 country to make such an aggressive hike in this economic cycle. Has Canada now laid the groundwork for a similar-sized move from Jay Powell and the gang later this month?

We then switch attention to the visible feud between Elon Musk and Twitter, the latter who filed a forceful complaint against Tesla boss on Tuesday, alleging he had treated his $44bn offer for the social media company as an “elaborate joke”.

Who wins this battle? has there been historical precedence? Has Elon gone one step too far this time?!

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MM072: Boris Johnson resigns, what happens next?! Jul 08, 2022

In this episode, I talk to the Head of Trading Piers Curran about the resignation of UK Prime Minister Boris Johnson. We look at the process behind how the Conservative Party will now elect a new leader, the subsequent timeline, and importantly whether this shift has implications for financial markets.

Who is Ben Wallace? Will Rishi win? does this even matter in the context of the economic crisis unfolding under the pressure of surging inflation? We give our point of view!

This leads us into looking at the EUR currency, which this week hit a fresh 20-year low and edges ever closer to parity against the US Dollar. What is creating this renewed downside pressure and why Europe's biggest economy, Germany, is heading into its worst energy crisis since the oil price shock of 1973.

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MM071: US stocks suffer sharpest first-half drop for more than 50 years Jul 01, 2022

MM071: US stocks suffer sharpest first-half drop for more than 50 years

Yesterday saw H1 2022 draw to a conclusion with the S&P 500 closing down 20.6% year-to-date making the worst first six months of any year since 1970.We discuss why stocks have had such a bad year and delve deeper into the diverging performances of the different equity sectors. For example, exploring why the energy sector is up over 30% whilst the Consumer Discretionary sector is down over 30%. We discuss how the bounce in stocks last week was nothing to do with fundamentals and was actually driven by quarter end rebalancing.

We also discuss equity and debt capital markets and how the IPO space has collapsed in 2022 with funds raised in US IPOs at its lowest since 1999! Finally, we discuss private market capital raising and how the FinTech world is being forced to raise capital at much lower valuations than previous rounds and how this is impacting investor appetite and sentiment.

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MM070: Biggest Fed rate hike since 1994. But are they making a mistake? Jun 16, 2022

Yesterday the US Federal Reserve hiked interest rates by 0.75% in another hawkish pivot in their on-going quest to tame inflation. They also said they intend to raise interest rates a further 1.75% across their remaining four meetings in 2022

We discuss the market fallout in the aftermath of this Fed announcement as stock markets initially bounced as Powell said he did not expect adjustments of 0.75% to become common.

However, this morning the risk-off continues:

The S&P hits bear market territory down 23% from its November 2021 high. The Nasdaq is now down 33%. The US Dollar continues to rally testing the 1.04 handle vs the Euro, GBPUSD hits a 20 month low and USDJPY is trading at a 20 year high.

We finish with a discussion about the recent cryptocurrency capitulation and discuss the best mindsets around how to deal with trades that are losing you money.

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MM069: Apple CarPlay. The next big revolution or just tech hype?! Jun 10, 2022

We've had Apple's Developer event this week and while people are most obsessed with augmented reality technology we focus on the less sexy software side of the business! Namely, Apple CarPlay and Apple's move into finance by offering loans directly to consumers for its new buy now, pay later product.

Will Apple's refresh of CarPlay open up a new substantial revenue stream for the tech giant or is this just tech enthusiasts getting ahead of themselves?

Billionaire investor Ray Dalio is also back in the spotlight betting on a sell-off in corporate bonds this year underscoring the bearish view of Bridgewater and their assessment of what rapidly rising rates will do to the global economy.

We finish with Christine Lagarde, the President of the European Central Bank who has paved the way for a series of rate rises, starting with a quarter-percentage point move in July and raising the prospect of a bigger half-point shift in September.

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MM068: Is GBP heading for an "existential" crisis?! Jun 01, 2022

This week Bank of America put out a note suggesting that investors should hedge for an “existential” sterling crisis as the British currency faces struggles usually seen in emerging markets.

What supports this pessimistic view and is it a credible argument or simply a sensational conclusion to generate broad appeal in the media?

We then shift our focus to crude oil where prices have briefly touched $120 a barrel this week as the conflict in Ukraine intensifies and the EU has agreed to pursue a partial ban on Russian oil.

Is this latest round of sanctions a big deal? and find out why the art of political deflection is well and truly underway!

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MM067: Are US recession risks overblown? May 27, 2022

In this episode, Piers and I take a look at comments from Jamie Dimon and Brian Moynihan, where the CEO's of J.P. Morgan and Bank of America softened their tone on a recession and how it may be different from episodes experienced in the past.

We also discuss how the UK Chancellor is engineering his windfall tax on oil and gas companies, the change in tactics from the Chinese government in the communication of their economic outlook, and why Saudi Arabia still wants to be mates with Russia despite pressure from the West.

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MM066: Apple the next BIG short & is ESG a scam?! May 19, 2022

The Dow dropped 1,100 points on Wednesday, marking its biggest decline since 2020 as the sell-off this year on Wall Street intensifies. Is this the beginning of the end or are we just getting started?

In this episode, Piers and I look at some troubling signs from US retailers Target and Walmart this week and what their performance tells us about the macro environment.

Meanwhile, one of the biggest headlines for single stocks was that the infamous investor Michael Burry of the 'Big Short' now has Apple in the crosshairs. Find out how his hedge fund is executing his bearish view in what he has described as the "greatest speculative bubble of all time in all things".

Finally, we talk ESG. A relatively new investment class in the asset management world, we look at where it sits in the investment spectrum and why Elon Musk thinks it's a scam!

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MM065: What's behind the TERRA-fying moves in crypto? May 13, 2022

The price of bitcoin briefly fell below $26,000 this week, hitting its lowest level in 16 months. The move came after a collapse in Luna as TerraUSD struggled to regain its Dollar peg. Find out what purpose these 'algorithmic stablecoins' serve, what caused them to break down, and what it means for institutional adoption going forward.

We also catch up on what has been another brutal week across the asset class spectrum with YTD losses in the Nasdaq 100 now over 27%, and find out why Italian Prime Minister Mario Draghi wants to set up his own cartel!

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MM064: Why have stocks tanked this week?! May 06, 2022

On Thursday, the Nasdaq closed the session down 5%, marking the biggest single-day plunge since June 2020. YTD stocks like Netflix are now down nearly 70% and even tech giant Amazon has shed over 30% in the past four months.

So why has the selling pressure intensified this week? What should we take away from the comments from Fed Chair Jerome Powell at the FOMC meeting and is a recession now all but a foregone conclusion?

In this episode, we aim to address these questions and tackle the big one - What happens next?!

Piers LinkedIn https://www.linkedin.com/in/pierscurran/

Anthony LinkedIn https://www.linkedin.com/in/anthonycheung10/

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MM063: The best & worst of the mega-cap tech earnings this week Apr 30, 2022

Much to talk about this week, but Piers and I thought we would unpack what has been a busy week in US corporate earnings.

In fact, Apple, Microsoft, Amazon, and Alphabet alone have a combined market value of about $8trl and makeup one-fifth of the weight of the S&P 500. So how they perform has a direct consequence on the US stock market and gives investors some clues on how the period ahead may unfold.

We look at each one of the tech giants in detail and discuss the good, the bad, and the ugly. We explain how Apple is quickly becoming a safe-haven asset and why stock buybacks are so popular for technology stocks.

Finally, we also couldn't go a full episode without at least one nod to the macro environment, so Piers gives a great breakdown of why the unexpected drop in US GDP this week is perhaps not cause for concern just yet!

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Career Insight: Will Hobbs, Chief Investment Officer of Barclays Wealth Management Apr 27, 2022

In this episode, I speak to Will Hobbs who is the Chief Investment Officer (CIO) at Barclays Wealth Management.

Will talks about his untraditional route into markets, from training in Italy as a chef to landing his first role in finance, working through the dot-com and financial crisis, and then deconstructing his current role as Chief Investment Officer.

There are lots of tips on networking, leveraging personal experiences, and a detailed explanation of how his team oversees the investment philosophy at Barclays UK in Strategic Asset Allocation (SAA) and Tactical Asset Allocation (TAA) decisions.

We also touch on how he found his real passion later on in his career which ultimately acted as the springboard to later success and discuss how he deals with the pressure of being responsible for key decisions within the division he operates in.

A must listen to episode for those looking to work in asset or wealth management but also for the wider community if you are looking for an open and genuine insight into working in the world of finance.

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MM062: Elon Musk's Twitter takeover explained Apr 22, 2022

In this podcast episode, Piers and I attempt to deconstruct the Elon Musk / Twitter saga and use it as a great case study to tackle some finance jargon you may have heard before.

So expect some hostile actions, tender offers, leveraged buyouts, white knights, and poison pills!

I also wrap up some of the main headlines in global markets this week from the hawkish pivot from the ECB and hardening of rate hike talk from Fed Chief Jerome Powell, to the collapse of Netflix shares and the latest earnings from Tesla.

Everything you need to ensure you are right up to date on all things markets!

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MM061: What does Elon Musk want with Twitter, Macron gets the sweats & Porsche IPO explained Apr 08, 2022

In this week's episode, Piers and I catch up on the news that Elon Musk has tweeted himself onto the board of Twitter causing the social media apps' share price to rocket. But does the Tesla CEO have the company's best interest at heart or is he simply a bored billionaire looking for some kicks?!

I explain the context for the first round of the French election this weekend as local bond yields have hit their highest level since 2015 after the latest poll indicated that National Front leader Marine Le Pen has narrowed the gap on President Emmanuel Macron. Find out why this may be billed as the 'President of the rich' vs the 'Putin Sympathiser'.

Finally, we attempt to untangle the highly complex governance issues that US Investment Banks like Goldman Sachs and J.P. Morgan must address to successfully launch the IPO of the German Automaker Porsche.

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MM060: Biden's big oil play & recession warnings Apr 01, 2022

In this week's episode, Piers and I catch up on the announcement this week that the US is to release roughly a million barrels of oil a day from its reserves for six months beginning in May, a historic drawdown to combat rising inflation. We discuss Biden's strategy and ask the question, will it work?

This week the U.S. Treasury yield curve inverted for the first time since 2019. The U.S. curve has inverted before each recession since 1955, with a recession following between six and 24 months, but is this a surprise, and is this time different?

We also look at why the Russian Ruble has staged a steady comeback despite the ongoing conflict, the bounce in cryptocurrencies, and why UK house prices keep punching higher.

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MM059: Apple buy Credit Kudos & Why Snap wants to read your mind! Mar 25, 2022

In this week's episode, I talk to co-founder Piers Curran about the strategy behind Apple's acquisition of Credit Kudos, which uses machine learning to create an alternative to traditional credit scores. Beyond the technology, we look at how the government shares your personal data and discuss the repercussions of the ever-growing 'buy now, pay later' culture.

This week also saw Elon Musk open the new Giga Berlin plant in Grünheide but can Tesla remain ahead of the pack? we run the numbers.

Do you ever think your phone can read your mind?! Snap Inc.'s latest acquisition of NextMind might make that possible sooner than you think!

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MM058: Russian default risk recedes & is President Xi in trouble? Mar 18, 2022

In this episode, Piers and I catch up on what has been another busy week in markets where global stocks are on course for their best week since November 2020.

We catch-up on the latest news on Ukraine, where reports midweek suggested Ukraine and Russia have made significant progress on a tentative peace plan including a ceasefire and Russian withdrawal if Kyiv declares neutrality and accepts limits its armed forces. We talk about making sense of the headline noise and whether we have had peak conflict in terms of market pricing.

We then catch up on why the implied probability of a default by Russia within the year has decreased following news that J.P. Morgan has processed a bond payment and delve into what to expect from the meeting today between US President Joe Biden and his Chinese counterpart Xi Jinping.

We debate US strategy heading into the high-level talks and why President Xi is perhaps the leader facing the greatest challenges at the moment as China's zero-tolerance COVID strategy comes back in the spotlight as cases rates in explode.

Finally, we review the decision from the US Federal Reserve to hike rates and commence what is expected to be a series of rate hikes this year. Has Fed Chair Jerome Powell got back in control of the inflation problem or is he being complacent over the risk of a recession?

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MM057: Mr 'Big Shot' gets squeezed Mar 11, 2022

This week, Nickel, used in stainless steel and electric-vehicle batteries, surged as much as 250% in just two days to trade briefly above $100,000 a ton, in what otherwise can only be described as a parabolic move.

Xiang Guangda a.k.a 'Big Shot' -- who controls the world’s largest nickel producer, Tsingshan Holding Group Co. was the main culprit behind the move, having amassed a short position on the London Metal Exchange (LME) is in the region of 100,000 tons of nickel.

We look at the mechanics behind the short squeeze and explain how the LME ring works, and whether market manipulation and governance issues plague the last remaining open outcry floor in Europe.

Also up for discussion, is the 20-for-1 stock split announced by mega-cap tech stock Amazon, its first split since 1999 and fourth since Amazon’s IPO in 1997. Find out how a stock split works in practice, why companies choose to do it, and what it means for the share price.

Finally, we talk about fixed-income fund manager PIMCO, who is reported to have billions of dollars riding on the economic fallout from Vladimir Putin’s invasion of Ukraine, after amassing a wager worth at least $1bn in derivatives markets that the country will NOT default. We explain how Credit Default Swaps (CDS) work and why sanctions on Russia may have unintended consequences on the West.

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MM056: Oil will never trade below $90 again, here's why! Mar 03, 2022

After a week off the desk, it's great to be back with co-founder and head of trading Piers Curran to discuss what's been happening in markets this week.

We take a deep-dive into the latest news on Russia, where ongoing fighting has resulted in the biggest weekly increase in commodity prices since the 1973 oil crisis.

The impact has been severe. The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in just two weeks and overnight the Russian sovereign rating was cut to 'junk' by Moody's and Fitch. We explain what this means and how it impacts different types of fund managers.

The buzz word right now is 'stagflation'. We look at what is the probability of a recession given the surge in oil prices and the latest comments from Fed Chair Powell who said the central bank will “proceed carefully,” emphasising the “need to be nimble in responding to incoming data and the evolving outlook.”

Final word is reversed for social media app TikTok after eight US states, including California and Massachusetts, announced that they had launched a bipartisan, nationwide probe, focusing on whether the app causes physical or mental health harm to young people. Are they acting in good faith or is this purely political optics ahead of the US midterms?

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Career Insight: Reality of working in Investment Banking with Bilal Hafeez the founder of Macro Hive Mar 02, 2022

In this episode, I speak to Bilal Hafeez who is the founder and CEO of Macro Hive. Before starting his own research firm in 2019, Bilal was the Global Head of International Fixed Income Strategy at Nomura, and Head of Multi-Asset Research and Advisor to the CEO at Deutsche Bank.

Although Bilal has had phenomenal success in his career to date there have been many experiences and challenges that have shaped that journey. Coming from a working-class background in Oxford and not having any friends or family working in the professional world, it was not always clear on which direction to go in.

During his time at university, he was rejected in all his accounting and consultancy applications but was successful in banking where he landed his first role at J.P. Morgan. However, after a short stint in the investment banking division he then rotated into global markets - the rest is history!

In this conversation, Bilal explains the difference between working on both sides of the bank and gives an (often hard to find!) insight into his role in research. He explains why his mentor was so influential on his career, how his role changed as he became more senior, and gives invaluable advice on how to consume information and develop your personal skills by maintaining a constant curiosity about all that you do.

Bilal talks openly and honestly about life inside a bank but also the challenges it brings to your personal life.

This is a must listen to episode for any student considering a role in banking.

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MM055: How the Nasdaq bounced 5% despite Russian troops storming Kyiv Feb 25, 2022

In this week’s episode, I am joined for the first time ever by Amplify Co-Founder Will de Lucy to talk about this week’s global market volatility as well as some insights into how to become a successful founder.

We chat about:

How it is possible for the NASDAQ to rally 5% into the US close yesterday despite Russia invading Ukraine.

Reasons behind why Oil rallied 7.5% and then reversed the entire move. Why Gold spike to a multiyear high and then reversed back to below levels trading before the invasion.

How to manage risk in such extreme market volatility.

Trump’s launch of his new TRUTH – Media and Tech group and SEC open an investigation on Elon Musk and whether his brother has been insider trading.

Finally, our experiences of being founders and trying to grow a business with examples of the hard lessons we learnt along the way.

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Career Insight: Top 5 tips from Ayman Rahman the CEO & Founder of DARE Feb 23, 2022

The career insight series is back and this time I am joined by Ayman Rahman, the CEO & founder of energy tech trading firm DARE.

Our connection with Ayman goes back over 10 years when as a student at UCL he spent time training with Amplify learning the ropes in our prop trading division. Upon graduation, Ayman obtained a trading analyst position at a commodity derivatives trading firm and within less than two years his performance saw him quickly rise through the ranks to become the head of fuel oil trading.

Fast forward to the summer of 2016, Ayman decided to break out on his own and founded DARE, an energy tech company using the power of data science, analytics, and trading expertise to help the world reach a renewable future, faster. Today his company and mission continue to go from strength to strength.

In this conversation, recorded in the summer of 2020, Ayman shares his top five tips for success for any student looking to break into finance and obtain a role in trading. From demonstrating passion, networking, and having stamina, to learning how to admit what you don't know and the importance of going somewhere you can have an impact.

I hope you enjoy the conversation, but more importantly, be left feeling inspired and motivated to make the future your own.

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MM054: Why Russia won't invade Ukraine & are the Fed doomed to fail Feb 18, 2022

In this week's episode, I am joined by Eddie Donmez to talk about all the trending topics in markets this week.

We discuss the YTD performance for US stocks and look at what the sector performance in the S&P 500 tells us about current economic conditions and the market's confidence in the Fed being able to manage the pressure of surging inflation.

An update on the latest news concerning Russia-Ukraine as the US President speaks with transatlantic leaders about the Russian troop buildup.

Joe Biden has remained stern in his belief of an imminent attack all week despite increased signs of Russian diplomacy. We discuss why the US administration is taking this stance and ask the question of what really is the probability of Russia invading Ukraine?

Also discussed in the episode is news J.P. Morgan has become the first bank to enter the metaverse having opened a lounge in blockchain-based Decentraland. We look at the stats to break down the hype vs reality.

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MM053: Will the Fed hike 50bps as US inflation surges Feb 11, 2022

Really exciting news to announce this week, as US investment bank Morgan Stanley is now the official global sponsor of our AmplifyME Finance Accelerator.

It's been amazing to see the impact the initiative has had since launching in September and with the help of Morgan Stanley, we can now reach more individuals than ever.

I encourage anyone who has not yet taken part in the simulation to give it a go. It's open to all students from college to post-grad and you don't have to come from an economics background. The registration link can be found below.

In this episode, the main debate is on the timing of US rate hikes after US inflation hit 7.5% in January, the highest reading since 1982. Is the market right to expect a 50bps hike in March or is this just irrational exuberance.

We also touch on news that Peloton CEO John Foley is to be replaced, what next for SoftBank following the collapse of their $66bn sale of UK-based chip business Arm to Nvidia, and discuss whether Facebook's lowest ever P/E ratio means anything for investors who may be looking to buy on the cheap.

The final talking point goes to Joe Biden. The US President has upped the ante on Russia and China but why? and what does this mean for his relationship with Europe? We look at the rationale and the implications.

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MM052: Why Facebook is the worst earnings report we've ever seen! Feb 04, 2022

In this episode, Piers and I delve into some of the important new stories this week from mega-cap tech earnings to central bank decisions and even a quick word on the incredible Rafael Nadal!

First up for debate is Meta (Facebook) whose shares collapsed following their latest earnings report. The reaction was compounded by a number of factors, not just the top-line figures. We discuss user figures, platform, regulatory threats, expenses, increasing competition, and what the future holds for the once-dominant social network company.

Alphabet (Google) and Amazon also released their latest numbers this week which were met with a much more favourable reaction on Wall Street. We explain the mechanics and rationale behind Google's 20-for-1 stock split and question whether Amazon's initial positive reaction is the correct one.

Finally, we talk about the Bank of England, which executed its first back-to-back increase in interest rates since 2004. More importantly, we examine the breakdown of the Monetary Policy Committee (MPC) where four members actually opted for a more aggressive 50bps increase to the base rate. What were they thinking, why are they worried and what does this mean for the UK consumer and the broader marketplace.

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Career Insight: Advice from Alfonso Peccatiello a former $20bn Portfolio Manager Feb 02, 2022

The Masterclass speaker series is back by popular demand, aiming to help students get the real truth behind different careers in finance.

To mark the occasion I hosted an incredible guest, Alfonso Peccatiello.

Alf is the author of The Macro Compass and was previously the Head of Investment Portfolio for the Treasury department of ING Germany. There, he was in charge of the active management of a $20bn multi-asset portfolio.

In the session, Alf talks about how he first got interested in finance, how what he learned at university was useful in shaping his view on markets, and the realities of working as a portfolio manager in a large financial institution.

More than this, Alf gives a personal and honest account of his greatest strengths and weaknesses and offers practical advice on how to communicate better, remain humble, and always strive to move forward by being passionate about what you do.

Alf's book recommendations:

Central Banking 101: https://amzn.to/3u2iHc7

Pragmatic Capitalism: https://amzn.to/34a5mU7

Balance Sheet Recession: https://amzn.to/3IHjcw7

The Holy Grail Of Macro Economics: https://amzn.to/3IC2oGS

The New Economics: https://amzn.to/33WMYyn

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MM051: Fed's hawkish shift & why Russia-Ukraine conflict is important for commodities Jan 28, 2022

In this episode, I talk to co-founder Piers Curran about the latest FOMC meeting where Fed Chair Jerome Powell backed a March liftoff and said would not rule out a hike at every meeting.

Markets are now pricing in the probability of 5 rate hikes this year and even the prospect of a rate 50bps move at the March meeting, but is this expectation right, or will the Fed change tactics once more?

We also look at the latest earnings from the likes of Microsoft, Tesla, and Apple, while also discussing the performance of Deutsche Bank which has just closed out its most profitable year in a decade. How did they achieve this and why is the German bank an important financial institution in a global context.

Finally, we talk about the ongoing tensions between Russia and Ukraine after weeks of intense diplomacy over a buildup of more than 100,000 Russian troops on Ukraine’s border. What are the geopolitical risks and find out why wheat and palladium may well be the best barometer of judging sentiment over the situation.

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MM050: Microsoft bet big on the Metaverse & Netflix shares crash on outlook Jan 21, 2022

The episode covers a quickfire round-up of the main news this week, from Biden's comments on Russia to Brent crude oil hitting a fresh 7-year high, before taking a deep dive in the race to the Metaverse following Microsoft's acquisition of Activision Blizzard.

We explore the rationale behind the huge amount of cash being spent by big tech firms to position for the future and ask the question of whether their strategy will stifle innovation and increase regulatory threats.

Next in the dock is Netflix, whose shares dropped 20% after their earnings this week. We look at why this happened and how their management team will try to offset slowing subscribers numbers in the short term as well as a brief conversation on Peloton whose shares collapsed on Thursday night after a report of a temporary production halt of its bikes and treadmills as demand wanes.

To mark the 50th episode, we were also joined by the amazing Nii-akwei Carty Bing Pappoe at the start of the show, a student at Nottingham University studying Philosophy, Politics, and Economics, who won our competition to win his slot on the pod!

Please show him some love and connect with him on LinkedIn! https://www.linkedin.com/in/nii-akwei-carty-bing-pappoe-a7a412193/

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BREAKING: Microsoft announces $69bln deal for Activision Blizzard Jan 19, 2022

Microsoft has announced a $69bln bid for Activision Blizzard in what will be the biggest tech deal in history. The move will give the tech giant access to Activision’s 390 million monthly users and headline franchises such as Call of Duty, Warcraft, and Candy Crush.

Gaming is likely to play a key role in the development of the Metaverse and the deal is likely to result in further consolidation in the sector. Direct competitors such as Sony dropped more than 10% on the news while shares in Square Enix and Capcom surged.

Find out why Microsoft has made this move, the terms of the deal, why they chose to strike now, the risk of regulator hurdles, and the bigger strategy that they are executing.

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MM049: Fed hikes in focus & the end of the road for Boris Jan 14, 2022

As always, I'm joined by co-founder Piers Curran to discuss the major stories in markets this week, from a 39 year high in US CPI and earnings reports from J.P. Morgan and BlackRock, to Kim Kardashian being sued over promoting alt-coin EthereumMax as part of an alleged crypto scam.

We also catch up on what has been another horrendous week for UK Prime Minister Boris Johnson who is under growing pressure from senior Tories to admit he attended the drinks party in the Number 10 garden on May 20, 2020, in defiance of England’s lockdown rules.

Will he resign? what would need to happen? will Rishi Sunak be the next PM? and what does this all mean for markets? we explain a few different angles to make sense of it all.

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MM048: Why US yields are so important & trending stories of the week Jan 07, 2022

Happy New Year! In this episode, I talk to co-founder Piers Curran, about what a surge in US yields means for the global financial markets. We discuss the catalyst behind the move, how this influences equity sector positioning and why even crypto traders should be monitoring this development.

We also touch on some of the trending stories of the week, from Apple briefly hitting a $3trl market cap and Boris Johnson stating the UK can whether a record wave of Covid-19 without tighter restrictions to the surge in GameStop shares and the new Sony electric vehicle.

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Career Insight: Jayne Howson on authenticity, courage and connections Dec 14, 2021

In this episode, I talk to Jayne Howson who is a Senior Vice President at Salesforce in their Global Sales Leader Excellence & Enablement team.

Having had limited interest in education growing up, Jayne started waiting on tables from the age of 9 and then went to secure her place at college by electing to work part-time at Barclays, arranging company-wide team building events from the age of 16. Fast forward to today, and she now leads a global team at Salesforce, the fastest-growing enterprise software company in history.

In this conversation, Jayne talks about why curiosity is the ultimate key to success and the importance of values. We cover tips on presenting, how to find your confidence, and overcoming life challenges.

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MM047: Is UK 'Plan C' coming & why Alphabet will win the race Dec 10, 2021

In this final episode of the year, I talk to co-founder Piers Curran about UK Prime Minister Boris Johnson, who faces a potential rebellion after announcing 'Plan B' measures amid discontent over his handling of Christmas parties last year when the nation was in lockdown. What is the government's strategy? what would Plan C look like? and what does this mean for the Bank of England and the timing of rate rises?.

We review the latest US CPI report for November, which came in at 6.8% Y/Y, the highest reading since 1982. The case is made why the Fed will now press ahead with an accelerated taper timeline despite the risk of Omicron.

We finish with a response to a question we put out to our community earlier this week. If you had to invest in just one company for 10 years out of Apple, Microsoft, Amazon, Alphabet, or Tesla which one would we pick?. You all went with Tesla, but we didn't. Find out who our 10 year buy and hold would be!

Huge thanks to our listeners and wishing you all an amazing Christmas break. Catch you in the New Year!

Anthony & Piers

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MM046: The Omicron impact & The Fed turn hawkish Dec 03, 2021

In this episode, I talk to co-founder Piers Curran about the three key areas to monitor to ascertain the impact of Omicron on the global economy. From transmissibility, to vaccine escape and lethality, we look at the timeline necessary to make a more accurate forecast.

We then discuss the latest US jobs report and the surprising pivot from the Federal Reserve to become much more hawkish ahead of their final FOMC meeting of the year. Why have they made this dramatic shift in strategy and will it work?

Our final conversation is a review of the OPEC+ meeting and why US President Joe Biden is having to make a u-turn on his election promises. We also look at the rationale behind why J.P. Morgan is looking for $125/bbl crude oil in 2022, whereas Deutsche Bank is predicting just $60/bbl. How can their views be so different, and more importantly, where do we think it will be by the end of next year!

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MM045: A new COVID risk emerges & collapse of the Turkish Lira explained Nov 26, 2021

In this week's episode, I talk to Piers about a new variant of the coronavirus (B.1.1.529) which has been identified in South Africa. Although case rates are low, early signs suggest the new variant is out-competing others far faster than Beta and even Delta. We review how markets have reacted and what to look out for next.

The other big story of the week was that US President Joe Biden announced Monday that he is renominating Jerome Powell for a second term as Federal Reserve chair. We discuss what this means in the context of an improving labour market and heightened inflation after Goldman Sachs said they believe the Fed will now accelerate their taper programme to $30bln/mth come January.

A final comment is reserved for what the heck happened in Turkey this week after the Lira collapsed 15% on Tuesday! We explain the rationale behind Erdogan's unorthodox views and what it means for international and domestic investors.

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Career Hacks: INTERVIEWS - How to pitch a stock Nov 24, 2021

In this episode, I talk to Xiao about the dreaded stock pitch, the moment in an interview where the floor is yours and it's time to deliver!

We look at how to structure your pitch, the level of depth to go into, and the secret to coming across in the right way. To help bring the discussion to life there are also some real-life examples for good measure. Some good, some bad!

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MM044: The EV Market Bubble & Netflix Strategy Change Nov 19, 2021

In this week's episode, Piers and I kick off with a look at the explosion in electric vehicle (EV) pure plays such as Lucid and Rivian and discuss why we think this is a bubble and other strategic ways to play the EV long game.

We also touch on the increasing policy divergence emerging between Europe and the US/UK as COVID cases in the former continue to rise against rampant inflation in the latter. How do you identify these trends before they happen and ways and means to express your market view are explained.

To finish, we take a look at Netflix, which this week said they will begin regularly reporting viewership numbers for its top programmes and films, a major shift in strategy. Why have they done it and will it work? After all, you only fight the battles you can win!

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Career Hacks: INTERVIEWS - How to respond to a question you don't know! Nov 17, 2021

In this episode, I talk to Xiao about every student's worst nightmare when in an interview - how to tackle a question when you have no idea what the answer is! Xiao shares four key tips for dealing with these tricky situations.

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MM043: Decentralised Finance goes mainstream & will the Fed blink as inflation surges Nov 12, 2021

This week, I talk to Amplify co-founder Piers Curran about the latest expansion of the crypto market in which the broader rise in digital tokens has taken their overall market value past $3 trillion for the very first time. We also talk about the shift towards further adoption of Decentralised Finance (DeFi) and where it sits in the context of traditional assets and how to gain exposure to this emerging area.

The main macro theme of the week has been the surge in global inflation after US CPI rose at its fastest pace in 31 years last month. We look at the reasons and debate whether or not the Fed will blink with their transitory view. Finally, we review the current dynamics of COVID cases in England vs Mainland Europe and explain why Brexit negotiations will not conclude anytime soon!

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Career Hacks: Why NETWORKING is one of the most important things you can do Nov 10, 2021

In the fourth episode of our Career Hack series we talk about the power of networking. Whether you love it or hate it, networking can have a profound impact on your professional ambitions and personal skills. We talk about how to get started, how to build your own profile and the general rules of engagement!

Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker.

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MM042: Bank of England surprise, Fed taper & Biden's nightmare Nov 05, 2021

In this episode, I talk to Amplify co-founder and Head of Trading Piers Curran about the communication failure from Bank of England Governor Andrew Bailey and its impact on the Bank's credibility. We also look at Jerome Powell's performance after announcing tapering and discuss the real prospect of the Democrats losing both the Senate and the House at next year's mid-terms as Joe Biden's approval rating remains one of the worst in history.

Finally, we can't go an episode without talking about Tesla! Discussing why the share price is rising irrespective of fundamentals, alongside a quick look at the collapse in pandemic winner Peloton this week.

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Career Hacks: The dummies guide to HIREVUE interviews Nov 03, 2021

In the third episode of our Career Hack series we talk about HireVue interviews. What is the purpose of them, who uses them, where does it fit in the application process, and of course we throw in some useful tips and tricks!

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MM041: Will the Facebook rebrand to Meta work? Oct 29, 2021

In this episode, I talk to Amplify co-founder Piers Curran about the Facebook name change to Meta. What does this mean for the company, why are they doing it, and will be a successful rebranding of the troubled social media firm?. Also up for debate is whether Tesla is in a bubble after shares rise 20% on the week and a review of the latest corporate earnings from the mega-cap tech giants, including Apple, Amazon, Microsoft and Alphabet.

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Career Hacks: How to manage a group exercise Oct 27, 2021

This week Xiao and I delve into the often complicated matter of group exercises, one of the main features of any assessment centre. Not only do we look at the structure and format, but provide 7 top tips that will help your performance in these high pressured situations.

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MM040: Social media stocks 'Snap', Bitcoin ATH & Trump launches TRUST Social Oct 22, 2021

In this episode, I talk to Eddie Donmez about why the crash in Snap's shares this week is bad for social media stocks but good for Apple. We also investigate the latest SPAC deal between Digital World Acquisition and Trump Media & Technology Group, as the former US President looks to circumvent big tech by launching his own app TRUTH Social. For dessert, we analyse Tesla earnings, review the performance of the first Bitcoin ETF, and comment on the latest PayPal talks to acquire Pinterest, in what could be one of the largest takeover deals of the year.

Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker.

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Career Hacks: How to prepare for a VIRTUAL assessment centre in finance?! Oct 20, 2021

Unsure of what to expect in your upcoming assessment centre? We've got you covered! In this first episode of our career hacks series I talk to the Head of AmplifyME China, Xiaoyu Zhang, on how exactly virtual assessment centres work. We look at the four key stages of group exercises, case studies, networking and interviews in the context of having to do these completely online due to the pandemic.

Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker.

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MM039: M&A sugar rush, but how long can it last? Oct 15, 2021

In this episode, I catch up with Eddie Donmez to talk about the performance of US investment banks who have been reporting their latest quarterly earnings this week. These financial firms are raking in record sums, with fees surging past $100bln in the first nine months of the year thanks to a rush of dealmaking. So why is deal activity so crazy, and how long can it last? you'll have to listen to find out!

Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker.

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MM038: Have we seen peak Facebook? Oct 08, 2021

Facebook has had a tough week. From its social media services going down due to a "faulty configuration change", to more deep-rooted problems unearthed by the latest Facebook Files leaked from a former employee. Can Mark Zuckerberg evolve the company once more, or is this the beginning of the end? We also discuss the latest energy crisis and what it means for inflation and the Bank of England, and why the Fed will push on with its taper timeline, despite another weak US jobs report.

Sign up for the Daily Market Maker newsletter www.amplifyme.com/market-maker.

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MM037: Tech stocks dump, inflation surges and insider trading rumours arise Oct 01, 2021

In this week's episode, Eddie Donmez takes a look at why stocks are dumping, who called Jerome Powell a dangerous man and who dumped their entire Tesla stake.

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MM036: Evergrande Silence & Fed/BoE Review Sep 24, 2021

In this episode, I talk to the Head of Trading Piers Curran on why stability in interbank funding is integral to the functioning of the financial system, using the Global Financial Crisis as an example to understand the current Evergrande situation in China. We also discuss the latest FOMC meeting, where Fed Chair Jerome Powell said the central bank could begin scaling back asset purchases in November and complete the process by mid-2022, and look at the major obstacles the Bank of England will need to confront in order to hike rates as soon as February 2022.

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MM035: Evergrande, Team 'Transitory' & French Fury Sep 17, 2021

In this episode, I talk to Head of Trading Piers Curran, about why the Chinese developer Evergrande carries a potential systemic risk to the Chinese financial system, whether US CPI and Retail Sales reports this week alter the perception on the timing of tapering, and why Australia might well feel the wrath of the security pact deal struck with the US and UK this week.

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BREAKING: Is Evergrande Group the next Lehman brothers?! Sep 14, 2021

There is a breaking news story developing as China's largest property developer whose shares are now down 80% YTD have now hired Houlihan Lokey and Admiralty Harbour as financial advisers to assess their capital structure - it is likely a bankruptcy is coming. They have an eye-watering $310bn in liabilities and are now in a liquidity crunch where they cannot complete their developments so cannot generate the funds to pay creditors. Who are Evergrande, how did they end up in this situation, and what comes next?

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MM034: El Salvador's Bitcoin distraction Sep 10, 2021

In this episode, I talk to the Head of Trading Piers Curran about El Salvador’s adoption of bitcoin as a legal tender and the crash in crypto we saw earlier this week. We look at the reasons behind this pioneering move but ask the question of whether it's simply a tactic for President Bukele to push his agenda. We also look at why many major Wall Street banks are turning bearish on US stocks and what would need to happen to see a meaningful correction in the S&P 500 into year-end.

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AmplifyME: In search of Serena Sep 08, 2021

In this special episode, I talk to Amplify Co-founder Piers Curran, on how Amplify Trading went from two guys teaching people how to trade, into a company using technology to bring about real change in the way people identify and secure jobs in finance. We also talk about diversity, mental health, and our personal connection to making an impact on young people.

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MM033: US Non-Farm Payrolls, Robinhood, Zoom & Stagflation Sep 03, 2021

In this episode, Co-Founder Piers Curran and Head of AmplifyME Eddie Donmez discuss the fall out from the August US labour market report that showed the worst Non-Farm Payrolls reading of 2021 coupled with a spike in wage growth. We discuss how markets reacted and why this all feeds into a steady worsening of the economic outlook going into Q4. We also discuss Zoom fatigue and our year end price target following their 17% drop this week plus how regulatory and competition headwinds are whipping up a perfect storm for Robinhood, but can Bitcoin come to the rescue?!

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MM032: Tapering, Tim Cook & fat fingers Aug 27, 2021

In this episode, I am joined by the Head of Trading Piers Curran, as we talk about the main topics in focus this week in markets. From the reaction to Fed Chair Jerome's Powell speech at Jackson Hole and the impact of Afghanistan on President Joe Biden's approval rating to the Bank of England's unique exit strategy and how Tim Cook joined the billionaire boys club earlier this week.

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MM031: Tesla Bot, Big Shorts & Virtual Reality Aug 20, 2021

In this episode, I kick off by giving an overview as to why stocks and commodities have suffered this week, and provide colour on what Taliban control of Afghanistan means for markets. I then speak with Head of AmplifyMe, Eddie Donmez, on Tesla's new humanoid, Facebook Horizon Workroom, Amazon department stores and Michael Burry's next 'Big Short'.

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MM030: Around the market in 8 questions! Aug 13, 2021

In this week's episode, we take a different approach. Rather than focus on one or two topics, I throw 8 questions at Head of Trading Piers Curran, from the latest US CPI reading and timing of tapering, to Disney's masterful pivot into a leading tech giant and how Lionel Messi is getting paid in PSG fan tokens.

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MM029: All good in the $HOOD Aug 07, 2021

In this episode, I talk to the Head of Trading Piers Curran about the volatility in Robinhood shares following their recent IPO. We talk about how the platform makes money, why their IPO process was different, and what might happen to their shares next. We also touch on the latest US Non-Farm Payrolls report and what it means for the expected timeline for tapering at the Federal Reserve.

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MM028: Tech earnings & China's long-term problem Jul 30, 2021

In this episode, I talk to the Head of Trading Piers Curran on the latest tech earnings this week and the challenges they face as global economies start to re-open. We also take a look at what's been causing the weakness in Chinese stocks and why the Chinese Communist Party are looking to crack down on technology firms.

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MM027: Tips for trading cryptocurrencies Jul 23, 2021

In this episode, I talk to Senior Trader Tim Duggan, who after trading traditional equities and futures markets for the past 20-years, is now also actively trading cryptocurrencies. How is crypto different? what are some things you should be aware of, and of course what is his favourite coin right now!

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MM026: Are We Walking Into Another Crisis? Jul 16, 2021

In this episode, I talk to Head of Trading Piers Curran about the risks to the global economy as central banks start to unwind their unprecedented levels of monetary and fiscal intervention. We look at the arguments on both sides and how mistakes in the past may come back to haunt policy setters and stock market bulls.

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MM025: Why are US yields collapsing? Jul 09, 2021

In this episode, I talk to the Head of Trading Piers Curran, on why the US 10-yr yield is heading for one of its biggest weekly declines since June last year. We discuss what's causing investors to rethink the shape of the economic recovery and how a shift in strategy has led growth stocks within the S&P 500 to surpass returns from value stocks YTD.

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MM024: Stocks rally after US Non-Farm Payrolls Jul 02, 2021

In this episode, we discuss the release of the latest US jobs report and explain the mechanics behind how markets react to important economic data points. We also look at what this means for the Fed and the markets view on policy timing with a final comment on this week's OPEC+ meeting.

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MM023: What are US stress tests? Jun 25, 2021

In this episode, we look at US bank stress tests, following the news that all 23 institutions in the 2021 exam by the Federal Reserve remained “well above” minimum required capital levels during a hypothetical economic downturn. What are they? how are they conducted? and what does it mean for banks and the stock market in general? is explained.

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MM022: Why are people talking about dots?! Jun 18, 2021

In this episode, we explain the market's obsession with the Federal Reserve's Dot-Plot matrix. Explaining why the Fed uses it, how market participants perceive it, and whether it's even that good an indicator of future interest rates? We also look at the slide in commodities this week, with gold headed for the biggest weekly loss in 15 months following the Fed's hawkish tilt.

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MM021: US Inflation at its highest since August of 2008 Jun 11, 2021

In this episode, we look at the three major talking points in markets this week. US CPI, the ECB meeting, and the upcoming G7 summit. We explain the markets relative calm response to surging inflation in the US, the timing around the ECB's bond-buying programme and what to watch out for at the G7 meeting in Cornwall.

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MM020: Is this the end of globalisation? Jun 04, 2021

In this episode, I talk to the Head of Trading Piers Curran about three key themes in markets this week. From the monster rally in AMC shares to the result of the latest OPEC+ meeting, and a look at the news about Russia cutting its US dollar assets and what this could mean for the future of globalisation.

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MM019: Return of meme stocks: AMC pump explained Jun 02, 2021

In this episode, I'm joined by Eddie Donmez, the Head of AmpifyME, who explains what's behind the latest explosion in meme stocks. We look closely at the cinema operator AMC and the involvement of Mudrick Capital Management, looking at who are the winners and losers in this latest episode of volatility.

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MM018: Biden: The $6 trillion man! May 28, 2021

In this episode, we talk about the latest US Jobless Claims figures, Biden's $6trl 2022 budget proposal, and look at rising geopolitical tensions across the globe, from Belarus to the first trade talks between the US and China that took place earlier this week.

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MM017: Crypto volatility & what next for Bitcoin May 21, 2021

In this episode, we discuss how price action works amid a high volatility event such as the crypto sell-off seen earlier this week. Piers explains the impact of liquidity and gives his view on the outlook for Bitcoin price going forward.

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MM016: Elon Musk, cyber hacking & Inflation scaremongering May 14, 2021

In this episode, we include a quickfire round with Head of Trading Piers Curran to get his take on Elon Musk and Tesla, the cyber attack on the Colonial Pipeline and the new Indian COVID variant in the UK. Then onto the main discussion, the release of US CPI this week and why there's no need to panic just yet.

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MM015: Will inflation be transitory amid the commodity boom? May 07, 2021

This week we talk about the recent rise in commodity prices, from copper to lumber, and the impact that this has on inflation. Head of Trading Piers Curran explains why the Fed sees this price increase as temporary and what it might take for Powell & Co. to change their mind.

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MM014: Traders Mindset: Dealing with loss Apr 30, 2021

In this episode, we continue our exploration into trading psychology and discuss the emotional impact of loss. Head of Trading Piers Curran talks about examples in his own career, lessons he learned on how best to deal with emotional variance and practical tips to remain rational in your decision-making process when trading.

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MM013: European Super League - Good or Bad? Apr 23, 2021

In this week's episode, we jump into the controversy surrounding the European Super League, a breakaway league involving some of Football's biggest names. As well as discussing what this means for football, we also look at the commercial aspects of the deal and whether companies like Netflix and Amazon could get involved in the space.

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MM012: Coinbase debut & UK housing market crash? Apr 16, 2021

In this week's episode, I am joined by Eddie Donmez, the head of AmplifyME, as we look at the debut of Coinbase, the first listing of a major cryptocurrency exchange. Eddie explains the reason behind the initial volatility and why Cathie Wood has snapped up $352mln worth of shares in the first two days. Also discussed are the latest US bank earnings and whether there is any validity to the argument of an impending UK housing market crash.

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MM011: What makes a good trader? Apr 09, 2021

In this episode we take a different direction and ask the question 'what makes a good trader'. Piers gives his view on what he believes led to his own personal success and find out what the one single common attribute is of a successful trader.

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MM010: Archegos default & Deliveroo IPO disaster Apr 01, 2021

In this episode, I talk to Head of Trading Piers Curran about the role prime brokerage services played in the recent default of Archegos Capital Management. Also in the dock is Deliveroo, following a disastrous IPO that wiped more than £2bln off the company's value in one of the sharpest drops for a big new listing in years.

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MM009: How important is the blockage in the Suez Canal? Mar 26, 2021

In this episode we go into detail on the news of a large container ship stuck in the Suez Canal in Egypt. We discuss if this is important for oil prices, why the Canal is a strategic chokepoint for the passage of goods, and implications this could have for inflation. Head of Trading Piers Curran also provides his view on the major events in markets next week as we head into quarter end.

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MM008: Will the Fed 'twist' again Mar 19, 2021

In this week's episode, we talk about the sequence of policy steps the Fed has at its disposal and why the gradual process of normalising policy poses risks to the sustainability of the post covid recovery. Also under review is the on-going tension between the EU and UK over vaccine supplies and some thoughts on the first high-level meeting that took place between US-China this week.

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MM007: Will Biden's stimulus cheques boost the economy? Mar 12, 2021

In this episode we look at the general optimism that has re-emerged this week as the DJIA & S&P 500 hit fresh record highs and look at what incoming stimulus cheques might mean for the US economy. Also, discussed is the latest ECB meeting as well as a look ahead to next week's FOMC announcement.

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MM006: Oil surges as OPEC+ hold firm Mar 05, 2021

In this week's episode, Piers and I review the latest decision from OPEC+ where the cartel opted to not relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps. We investigate the reasons behind the decision and how the Saudi strategy brings back memories of 2014/15. Also, under discussion is the latest US jobs report and next week's ECB meeting.

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MM005: Yields spike, stocks drop - should you be worried? Feb 26, 2021

This week Piers and I discuss the markets fixation on inflation and economic overheating and whether the recent moves in markets are cause for concern or simply short-termist in nature. We touch on correlations, FOMO and how the Fed is adopting the 'Ferber Method' in response to market volatility and give our thoughts on the UK lockdown roadmap announced this week by PM Boris Johnson.

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MM004: Inflation? Keep calm and carry on Feb 19, 2021

In this episode I talk to the Head of Trading Piers Curran about rising yields and whether that poses a threat to Wall Street's record run. In focus is the recent rise in inflation expectations, the timing of price pressures and how the Federal Reserve might act. We conclude with a look ahead to next week's main events, with comment on the UK lockdown strategy update due on Monday.

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MM003: What happened with Tesla & Bitcoin? Feb 12, 2021

In this episode we look at whether Tesla's move into Bitcoin is the beginning of a rush of investment from other firms or is it simply too early for crypto to be considered a treasury asset. Also, discussed, is how valid is Goldman's call of an impending commodity 'super-cycle' and what renewed tensions in Northern Ireland might mean for UK/EU relations.

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MM002: US stocks - to Infinity and Beyond? Feb 05, 2021

In this episode we talk about US stocks and the return to new all-time highs. Asking the question on why is it happening, what it represents, and is it sustainable? Also under discussion is the surprise departure of Jeff Bezos at Amazon and whether Super Mario can bring order back to Italian politics.

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MM001: Is GameStop important for markets? Jan 29, 2021

Kicking off the first episode with a look at the phenomenal rise in GameStop shares. From what happened, to what it symbolises, and whether it's important for financial markets. Also discussed is the latest vaccine news and OPEC strategy to protect oil prices.

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