Explore every episode of the podcast Market Maker
| Title | Pub. Date | Duration | |
|---|---|---|---|
| The Trading Floor: Nvidia Earnings Explained | 29 Aug 2024 | 00:23:06 | |
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? Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Unveiling the World of M&A with Peter Bell, Founder of Cardean Bell | 26 Aug 2024 | 00:53:52 | |
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! *****
Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Is Nike In Trouble & HSBC Shakes Up Its IBD Division | 15 Jul 2024 | 00:35:53 | |
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 Hosted on Acast. See acast.com/privacy for more information. | |||
| MM123: Apple & Amazon earnings explained and why the US downgrade shouldn't come as a surprise! | 04 Aug 2023 | 00:18:37 | |
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? Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Challenges of direct listing and how SPAC deals work | 02 Aug 2023 | 00:30:38 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://tinyurl.com/4h24y8jn Hosted on Acast. See acast.com/privacy for more information. | |||
| MM122: BIG tech earnings & yield curve control explained? | 28 Jul 2023 | 00:56:32 | |
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:
Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: The IPO market starts to thaw & CVC Capital Partners raises €26bn for the largest buyout fund in history | 26 Jul 2023 | 00:23:29 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Stephen https://tinyurl.com/4h24y8jn Hosted on Acast. See acast.com/privacy for more information. | |||
| MM121: Goldman profit plunges & has the UK turned the corner with inflation? | 20 Jul 2023 | 00:50:53 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM120: J.P. Morgan, Citi, Wells Fargo & BlackRock earnings explained! | 14 Jul 2023 | 00:53:36 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: How To Lose $25bn - FIS Sells Worldpay In Largest Corporate Carveout In A Decade | 12 Jul 2023 | 00:27:06 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://tinyurl.com/4h24y8jn Hosted on Acast. See acast.com/privacy for more information. | |||
| MM119: When 'good' news is 'bad' news for markets & Are OPEC+ fighting a losing battle? | 07 Jul 2023 | 00:51:44 | |
Co-founder Piers Curran returns to the Friday show to discuss:
Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM118: Traders boost bets on more Fed rate hikes & 5 tips for investment bank applications! | 30 Jun 2023 | 00:21:45 | |
In this week's global markets episode, we talk about:
Application Tracker! https://tinyurl.com/5pf8mk77 Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Mithesh https://www.linkedin.com/in/mithesh-duddekunta/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Aston Martin strikes Lucid EV deal & SpaceX tender offer explained | 28 Jun 2023 | 00:38:32 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Trading Floor: US Stock Sector Rotation & Big Bank Earnings Explained | 12 Jul 2024 | 00:47:22 | |
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! ***** Want to get practical experience in markets or asset management this summer? Join our free Finance Accelerator simulation in partnership with Morgan Stanley and UBS www.amplifyme.com/finance-accelerator Hosted on Acast. See acast.com/privacy for more information. | |||
| MM117: Bank of England shocks markets & 5 useful tips if you don't have an internship this summer | 23 Jun 2023 | 00:44:59 | |
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 Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Private Equity's Unique Subway Sandwich! | 22 Jun 2023 | 00:45:55 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM116: Fed, ECB and BoJ update and what to look out for next week in global markets | 16 Jun 2023 | 00:10:54 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Big Pharma M&A Splurge & Kim Kardashian's Private Equity Fund | 14 Jun 2023 | 00:37:08 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM115: The PGA-LIV Merger Explained & Saudi Arabia's Oil Market Gamble | 09 Jun 2023 | 00:50:18 | |
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? Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: 'Succession' Explained - How Similar Is The TV Show To Reality?! | 07 Jun 2023 | 00:22:06 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM114: Is a US debt ceiling deal actually bad for stocks?! | 02 Jun 2023 | 00:42:25 | |
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?! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Manchester United And The Lure of Trophy Assets | 31 May 2023 | 00:47:48 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM113: Nvidia's blowout earnings & is the bear market rally about to end? | 26 May 2023 | 00:38:47 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: Blackstone takes the hit on Bumble - why PE is taking a loss on its listed portfolio | 24 May 2023 | 00:39:32 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Stephen https://www.linkedin.com/in/stephen-barnett-0b8b3337/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: The Rise of Jefferies & A Big Week for Private Equity | 05 Jul 2024 | 00:41:35 | |
It’s been a great week for investment banking and deal-making, and we've curated the top four stories:
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 Hosted on Acast. See acast.com/privacy for more information. | |||
| MM112: Is the US heading for an 'economic and financial catastrophe'?! | 12 May 2023 | 00:44:57 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM111: The US banking crisis claims another victim | 05 May 2023 | 00:49:51 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| Working at an Investment Bank: How to stand out as an Analyst or Associate (Part 3) | 03 May 2023 | 00:25:07 | |
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:
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. Hosted on Acast. See acast.com/privacy for more information. | |||
| MM110: The importance of AI, cloud computing and advertising at big tech firms | 28 Apr 2023 | 00:40:30 | |
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? Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| Working at an Investment Bank: Work/Life Balance (Part 2) | 26 Apr 2023 | 00:23:53 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with John https://www.linkedin.com/in/john-normand-4b902b55/ Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM109: Why Tesla shares could rally over 1,000% & Goldman Sachs feels the pain | 21 Apr 2023 | 00:54:12 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| Working at an Investment Bank: Perception vs the Reality (Part 1) | 19 Apr 2023 | 00:27:53 | |
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:
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! Follow John on LinkedIn https://bit.ly/43N0kan Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Hosted on Acast. See acast.com/privacy for more information. | |||
| MM108: Elon Musk's 'everything app' & the latest US bank earnings | 14 Apr 2023 | 00:42:05 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM107: Nasdaq 100 moves back into a bull market! | 31 Mar 2023 | 00:44:22 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM106: Deutsche Bank triggers a slide in European bank shares | 24 Mar 2023 | 00:32:29 | |
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? Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Anthony on BBC News this week https://bbc.in/3lHfHQI Hosted on Acast. See acast.com/privacy for more information. | |||
| The Trading Floor: Labour Landslide, Trump Trade & Tesla's Surge | 05 Jul 2024 | 00:47:08 | |
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 Hosted on Acast. See acast.com/privacy for more information. | |||
| How to make your finance application standout with Bloomberg EMEA Early Careers Recruiter Bethany Anstey | 22 Mar 2023 | 00:20:54 | |
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 Connect with Beth https://www.linkedin.com/in/bethanyanstey/ Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Hosted on Acast. See acast.com/privacy for more information. | |||
| MM105: What just happened to Credit Suisse and should you be worried? | 16 Mar 2023 | 00:42:02 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM104: Silicon Valley Bank (SVB) contagion fears spark a global banking sell-off | 10 Mar 2023 | 00:25:46 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM103: The demise of the London Stock Exchange as Arm and CRH chose New York | 03 Mar 2023 | 00:38:44 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM102: J.P. Morgan's $1trl target & why good data is bad news for stocks! | 24 Feb 2023 | 00:30:09 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Social Media handles: ►Twitter: @amplifytrading @AWMCheung @pierscurran ►Instagram: @amplifyme ►TikTok: @amplifyme Hosted on Acast. See acast.com/privacy for more information. | |||
| MM101: Adani crisis & activist short selling explained | 10 Feb 2023 | 00:35:24 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM100: BIG tech earnings & why stocks keep on rallying! | 03 Feb 2023 | 01:02:34 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Summer Analyst Training Programme https://bit.ly/3Y3tEpR Connect with Saqib https://www.linkedin.com/in/saqib-hussain-15b1a263/ Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM099: Microsoft & Tesla earnings and the rise of Citadel | 27 Jan 2023 | 00:55:05 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM098: Investment bank earnings & US debt ceiling explained | 20 Jan 2023 | 00:56:55 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM097: US inflation cools & the fight for Disney | 13 Jan 2023 | 00:47:15 | |
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! Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| The Deal Room: The Art of The Spin-Off | 01 Jul 2024 | 00:41:26 | |
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 Hosted on Acast. See acast.com/privacy for more information. | |||
| MM096: 2023 Market Outlook & Tesla: Zero or Hero? | 06 Jan 2023 | 00:58:00 | |
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? Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| MM095: Stocks fall as central banks stay hawkish | 16 Dec 2022 | 00:34:55 | |
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! ReTrader competition https://bit.ly/3HnNWVK Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Connect with Piers https://www.linkedin.com/in/pierscurran/ Hosted on Acast. See acast.com/privacy for more information. | |||
| CAREER INSIGHT: The ONE standout quality you need to succeed with finance applications! | 14 Dec 2022 | 00:13:03 | |
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. Free daily newsletter https://bit.ly/3Oeu4Wk Free Finance Accelerator simulation https://bit.ly/3GoyV5r Connect with Ben https://www.linkedin.com/in/ben-arnold-cfa-76398a70/ Connect with Anthony https://www.linkedin.com/in/anthonycheung10/ Hosted on Acast. See acast.com/privacy for more information. | |||