Maggie Lake Talking Markets Episode 75: Best Global Stock Picks. With The Blind Squirrel.
Jul 30, 2025
Rupert Mitchell, author of The Blind Squirrel Substack and a macroeconomics enthusiast, joins to dissect global market trends. He explains why he remains bearish on bonds amid a robust U.S. economy driven by consumers. The duo discusses investment opportunities across regions like China, Latin America, and Southeast Asia amid their unique challenges. Also on the table are the impacts of AI on job markets and the significance of current valuation metrics for savvy investors. Tune in for insightful analyses from a true market maven!
AI Snips
Chapters
Transcript
Episode notes
Tariff Impact Underestimated
- US tariffs of 15% will slow margins but prices will rise or margins fall, impacting the economy significantly over time.
- The market underestimates the pain this tax hike will impose on the US consumer and economy.
Global Equity Valuations Contrast
- US equities are expensive compared to other global markets, especially amid a strong dollar rally.
- Lower beta, cheaper dividend-yielding markets like China and Dubai offer more attractive equity opportunities.
Chinese Banks and Consumers Bullish
- Chinese state-owned banks are in a quiet bull market with dividend yields dropping from 12% to 4%.
- Local Chinese consumer brands, including food and retail, also show promising investment potential.