Juckes: We Are Getting Used to the Uncertainty

The transcript discusses concerns about trade and currency impacts on markets, particularly focusing on Sterling and the Footsie index. It explores the effects of Brexit on market sentiment, highlighting a shift towards optimism as the hardest Brexit scenarios seem less likely. The discussion then shifts to the US economic outlook, questioning the consensus of 3% growth and the impact of Trump's policies. The transcript concludes with market predictions, including short positions on copper and the Russell 2000, and expectations for Treasury yields and the US dollar.

What is the main reason for the optimism in the UK market despite Brexit uncertainties?

• The weak currency benefiting multinational companies

• The rise in interest rates

• The strong performance of the UK economy

• The increase in domestic investments

What is the expected growth rate for the US economy according to the consensus mentioned?

• 1%

• 2%

• 4%

• 3%

What is the main concern if the US economy does not meet the expected growth rate?

• Increased inflation

• Higher unemployment rates

• Decreased foreign investments

• Disappointment in economic policies

Which market is considered oversupplied according to the analysis?

• Natural Gas

• Copper

• Oil

• Gold

What is the potential impact of political uncertainty in Europe on currency markets?

• Weakening of the US dollar

• Strengthening of the US dollar

• Stability in currency markets

• Strengthening of the euro