Market Maker

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

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

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 Migration20:43 Tech Sector Performance and Market Trends

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 SyndromeThis 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

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 Topics03:14 US CPI Report Analysis11:22 Market Reactions and Stock Movements16:03 Commodities and Inflation Outlook19:58 Market Participants and Career Insights22:09 Value investors and rate expectations24:30 Trump vs Harris26:54 Swiftomonics 29:10 Market implications of the US election33:28 Goldman Sachs the bearer of bad news39:30 M&A offsets trading at GS

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.

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 Report02:28 Mixed Reaction to Job Creation Numbers04:07 Reaction and Speculation of Rate Cuts14:15 Market Divided on Fed's Rate Cut Decision22:46 Uninversion of US Yield Curve and Speculation of Recession25:26 Conclusion

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 Overview02:14 Valuation of Nvidia09:01 The Subjectivity of Valuation15:45 Nvidia's Growth and Valuation16:31 Strategic Missteps of Intel 

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 Report03:00 Decelerating Growth Rates for Nvidia07:13 The importance of forward guidance 08:35 The Delayed Release of the Blackwell Chip12:43 Nvidia's Share Buyback Program14:13 Managing market expectations18:32 Broader Context and Sector Rotation21:02 What happens to US stocks next?