Perfect Storm: Synchronized Global Risks, an Unstoppable US Consumer, & Copper Gap in Energy

Complete Intelligence

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In the latest “Week Ahead” discussion, three experts delve into three crucial topics: synchronized global risks, the spending patterns of the US consumer, and the copper gap in the energy transition.

Keith Dicker of IceCap Asset Management and Loonie Hour Podcast takes the lead on synchronized global risks, highlighting how a banking crisis in Silicon Valley has led to crises at other regional banks in the US and abroad. He also discusses the potential risks of the Hong Kong dollar breaking its peg and its impact on the Canadian dollar.

Albert Marko shares his insights on the spending patterns of US consumers, presenting surprising findings on mainstream companies like Carnival Cruise Lines and McCormick, which have been able to raise prices despite the economic recession. These findings challenge the notion of the Federal Reserve’s ability to pivot or pause.

Tracy Shuchart from Hilltower Resource Advisors warns about the copper gap in the energy transition, which is emerging just as the energy transition gains speed. She provides insights into what this means for copper prices in 2023 and how it will impact the energy transition.

The episode concludes with the experts’ predictions for the week ahead.

Key themes:
1. Synchronized global risks
2. The US consumer isn’t slowing down
3. Copper gap & energy transition

This is the 59th episode of The Week Ahead, where experts talk about the week that just happened and what will most likely happen in the coming week.

Follow The Week Ahead panel on Twitter:
Tony: https://twitter.com/TonyNashNerd
Keith: https://twitter.com/IceCapGlobal
Albert: https://twitter.com/amlivemon
Tracy: https://twitter.com/chigrl
Watch this episode on Youtube: https://youtu.be/nUw_0IQVMVc