Episode
British Debt Gloom vs US Stock Euphoria — What Comes Next?
- Podcast
- The Art of Investing
- Published
- May 1, 2026
- Duration seconds
- 3684
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/734a634b
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Summary
This Week on The Art of Investing, Rich McDonald returns from holiday to find oil at $126 a barrel and markets at all-time highs. The team try to make sense of it - rate cut expectations have collapsed, geopolitical risk has intensified, and yet the S&P 500 and Nasdaq keep climbing. Mark "Spice" Holden and Chris "CJ" Fellingham join Rich to dig into why US markets are defying every macro headwind, what it means for a portfolio that had a tough week, and whether now is the time to act or sit on their hands. The episode also covers a deep dive into UK gilt fair value, the Bank of England rate decision, the rise of algorithmic trading and its impact on price discovery, and a listener Q&A on stop losses and what the team have genuinely learned since launching the podcast. This Week's Highlights:🛢️ Oil at $126 — Markets Shrug Brent crude up nearly 20% in eight days on Straits of Hormuz fears, yet the S&P and Nasdaq hit all-time highs.💻 Magnificent Seven Earnings CrunchFour Mag Seven reports in two minutes - Alphabet surged, Meta fell, and the Nasdaq pushed higher.🔧 Chip Stocks Explode Qualcomm up 16%, Intel up 100% since April - AI chip demand is the trade of the moment.🇬🇧 UK Gilts & the "Moron Premium" CJ breaks down gilt fair value and why 5.75% yields may still not be cheap enough to buy.🤖 Machines Are Winning Algorithmic momentum trading is moving markets beyond rational levels and crowding out human investors. Portfolio Snapshot - Week 37No changes were made to the portfolio this week.Weekly performance: –2.1%Total return since inception: +16.9% Top Performers:🥇 iShares S&P 500 GBP Hedged ETF: +0.1%🥈 Cash: +0.1% Underperformers:📉 VanEck Crypto & Blockchain Innovators ETF: –9.5%📉 BlackRock World Mining Trust PLC: –8.7%📉 WisdomTree Copper ETF: –3.…