Kevin Muir, author of The Macro Tourist, joins Maggie Lake on Talking Markets as we enter a critical week for reaching trade deals. With tariffs meant to come into effect for a bunch of countries starting Wednesday, and threats of a new 10% tariff on all countries aligning with BRICs, might we see some ongoing volatility this week? Kevin breaks down what it all means for the dollar, how to read the bond market’s reaction, what investors should watch, and his take on what the Fed's thinking right now. For more from The Macro Tourist: https://posts.themacrotourist.com/Don't miss out on future episodes - get on the list here: https://maggielake.markets/notify-meConnect with me on Substack: https://maggielake.substack.comConnect with me on Twitter: https://x.com/maggielakeChapters:00:00 - Introduction with Kevin Muir01:30 - Market Price Action After Trump’s Tariff Talks & “The Big Beautiful”03:00 - The Trade War Isn’t Over, But Markets Think It Is05:00 - Is “The Big Beautiful” Bill Really That Stimulative?09:15 - The Real Impact of Tariffs Is Still Unknown14:05 - Trickle-Down Economics: Does It Still Work?16:20 - What’s Interesting About This Current Rally?20:20 - Kevin’s Short-Term Market Outlook26:55 - The U.S. Dollar: Strength or Turning Point?32:55 - Winners and Losers If the Dollar Collapses35:50 - The Oil-to-Gold Ratio: A Macro Indicator to Watch42:00 - Fun Questions to Wrap It Up*We know you get this, but gotta say it anyway - this show is for informational purposes only and is not financial advice.
