What’s really driving the economy—and how should investors think about it? In this podcast, John & Sam exchange perspectives on current events that are impacting our economy and influencing investment strategies. Trading Perspectives is hosted by Oakworth Capital Bank's Chief Investment Officer, John Norris along with Sam Clement, Associate Managing Director.
*Oakworth Asset Management is a registered investment advisor. All advisory services, including investment management and financial planning, are offered through Oakworth Asset Management, LLC, which is owned by Oakworth Capital Bank, member FDIC, Equal Housing Lender. Investment products and services offered via Oakworth Asset Management, LLC are independent of the products and services offered by Oakworth Capital Bank and are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE. The information, opinions, comments, statements, views or recommendations expressed should not be considered professional, tax or legal advice; or as an offer to buy or sell or to make or consider any investment or course of action. https://www.oakworth.com/ tradingperspectives@oakworth.com📄 Disclosures: oakworth.com/policy-center Member FDIC. Equal Housing Lender. Investments may lose value and are not bank guarantee.
Feb 8, 2023
Sometimes the headlines are hard to believe. Such was the case this past week, as a massive Chinese spy, presumably, balloon floated across the United States. Washington waited until it was just off the coast of South Carolina to shoot it down in order to prevent damages and injury on the ground. All of this begged a lot of questions. Don’t the Chinese have low-orbit satellites already? Why would they resort to a balloon which was visible on clear days? Why hasn’t Beijing pitched more of a fit about us blowing it up? Why was the Pentagon so patient in destroying it IF the balloon was really that much of a security threat? Or was this just another instance of a foreign power testing US resolve in an increasingly changing world?
In this week’s Trading Perspectives, Sam and John discuss the Chinese spy balloon and what appears to be a changing world order. Has the so-called “global South” had enough of the existing world order? If so, what comes next?