Markets Happy Hour Podcast Jan 24, 2025

In this shorter holiday week in the US, a flurry of executive orders have "flooded the zone" but markets are struggling for direction, perhaps feeling a sense of confusion and overload. We discuss the impact of this lack of certainty on different assets, the dollar and the likely response of the US Federal reserve.

We turn then to something a little different - inspired by the impressive planning that the team behind the Getty Villa in Pacific Palisades put into action to save the Villa from destruction, we ask whether failing to prepare is preparing to fail. We look to the specific lessons of that crisis management - and ask whether the same forward-looking approach of preparing for the known, knowns and having the specific training to cope with unknown unknowns can help to build portfolio resilience.