PODCAST: Westpac's Head of Macro Strategy David Goodman on plunging stocks, US bond yields, housing risks and the looming fourth industrial revolution

This week’s podcast is brought to you in partnership with IG, Australia’s No.1 CFD & FX provider. With over 40 years’ experience, IG offers you access to over 15,000 markets through their award-winning online trading platform and over 11,000 global stocks through share trading. Losses can exceed deposits. Always refer to the PDS.

Learn More »

Left to Right: David Scutt, Markets and Economics Editor at BI Australia, David Goodman, Head of Macro Strategy at Westpac Bank and Sam Jacobs, Markets and Economics Reporter at BI Australia.

It’s been a tumultuous week for financial markets.

Stocks have plunged around the world, US bond yields have scaled multi-year highs, crude oil spiked to the highest level in four years and the Aussie dollar tumbled to lows not seen since early 2016.

The list could go on. Volatility has returned after several months of calm. The macro backdrop appears to have deteriorated, at least based on the price action seen in markets.

To help dissect it all, David is joined this week by two debutantes on the Devils and Details podcast: Sam Jacobs, Markets and Economics Reporter at Business Insider Australia and David Goodman, Head of Macro Strategy at Westpac Bank.

We discuss the catalysts behind the sharp selloff in global stocks, particularly the outlook for Fed policy and US government bond yields, two factors that have undeniably contributed to the carnage, mirroring what was seen in February this year.

The outlook for US economic growth, whether the Aussie dollar will continue to plunge and the risk of a disorderly price downturn in Australia’s housing market also feature in discussions.

We conclude by discussing the looming fourth industrial revolution, something that could greatly influence the outlook for inflation, debt servicing and the mandates of central banks.

If you’re a fan of the show, you can find us all on Twitter: David, Sam and David Goodman.

We hope you enjoy the show.

You can tune in below, listen online here, find the show on iTunes or under “Devils and Details” on your preferred podcasting platform.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.