Dean Smith

Xi Qiao, a UBS managing director, discusses the remarkable surge in China's Singles Day sales, driven by consumer demand despite deflation worries. He predicts that a potential U.S. government reopening and Fed cuts could positively impact Asian markets. Meanwhile, Dean Smith from Folio Beyond analyzes market rotation towards drug stocks and the risks tied to AI valuations and debt financing. They both highlight emerging markets as attractive investment opportunities amid shifting global dynamics.

Dean Smith, Chief Strategist at FolioBeyond, shares insights on the strong earnings of tech giants like Microsoft and Meta, which fuel optimism in U.S. markets. He discusses the Federal Reserve's decision to hold interest rates steady and its impact on equity indexes. Additionally, they delve into the recent U.S.-South Korea trade agreement, involving a 15% tariff and significant investments. The conversation emphasizes the complexities of navigating market fluctuations and potential strategies for conservative investors.

Dean Smith, Chief Strategist at FolioBeyond and expert in fixed income, shares his unique path from rock guitarist to Wall Street. He discusses market inefficiencies and behavioral biases like recency bias that trip up even seasoned investors. Dean recounts his successful short trade ahead of the 2008 crisis and critiques the reliability of credit ratings. He emphasizes that current market prices often outweigh forecasts during uncertainty. Finally, Dean explores the future role of AI in finance, suggesting it will enhance—rather than replace—human strategists.