The Buy America trade
5/7/202623 min
US companies are crushing it this year and it’s not just Big Tech. More than 80 per cent of the S&P 500 companies that have reported first-quarter earnings have beaten expectations. Katie Martin and Rob Armstrong discuss the buoyant earnings and how the Middle East conflict could weigh things down. Also, they go short open bars and long muntjacs in the UK.
For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.
You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
Read a transcript of this episode on FT.com
Hosted on Acast. See acast.com/privacy for more information.
Clips
Transcript preview
First 90 secondsSpeaker 10:00
[instrumental music] Bull or bear? Trade or tariff? Future or fad? There's more than one side to every story. With the Flip Side podcast from Barclays Investment Bank, you'll hear two research analysts having a provocative debate on hot topics in business and markets. Listen to the Flip Side on your favorite platform.
Katie Martin· Host0:18
[instrumental music] Pushkin. There's really no two ways about it. US companies are absolutely crushing it at the moment. We're well into earning season in the States right now, one of the currently four times of year when listed American companies tell the world how they're doing, and the answer is very nicely indeed, thanks very much. A good chunk above 80% of companies in the S&P 500 have beaten what were already pretty lofty expectations for the money they're making, and it's not just in AI. Today on the show, heaven knows, it pains me to say it, but it's the buy America trade. This is Unhedged, the markets and finance podcast from the Financial Times and Pushkin. I'm Katie Martin, a markets columnist at the FT in London, busily memorizing the entire internet in advance of the FT Alphaville pub quiz tonight.
Robert Armstrong· Host1:22
Uh.
Katie Martin· Host1:23
Hmm. All the way from over there in the land of bumper earnings, it is the big fella, Mr.