Navigating Financial Trends Amid Political Change – EMS & The Economist August 2024

I ask IPC Chief Economist Shawn DuBravac about what’s behind the latest stock market turmoil, as we dissect the sell-off of tech stocks that rocked the market. We explore the compelling factors driving this volatility, such as Yen carry trade and a comprehensive repricing of risk, while considering the broader context of global uncertainties like conflicts and a potentially slowing US economy.

As is traditional on EMS & The Economist, we walk through the latest book-to-bill numbers from IPC Research, as well as other data, like NVR’s annual survey and in4ma’s half year report produced in partnership with IPC. As well as presenting the numbers, Shawn and I dig into the anecdotes and trends behind them, while exploring some of the external factors driving them.

Switching gears, we delve into the potential impact of the US presidential election on industrial manufacturing, considering new Democratic candidate, Kamala Harris. We explore how her policies might reshape the industrial landscape, especially in the Midwest, and the pivotal role of Vice Presidential candidates and swing states in this narrative. Shawn looks forward to what we might see as the candidates debate each other in the coming weeks.

We also discuss the critical need for stable and clear policy frameworks for long-term business planning, the implications of Federal Reserve decisions, and the necessity of financial support and stimulus opportunities.

Stay ahead of the curve as we anticipate our next show and the chance to discuss new data and political developments in the ever-evolving landscape.

Like every episode of EMS@C-Level, this one was sponsored by global inspection leader Koh Young (https://www.kohyoung.com) and Adaptable Automation Specialist Launchpad.build (https://launchpad.build).