Michael Field CFA
mstarmktstgst.bsky.social
Michael Field CFA
@mstarmktstgst.bsky.social
49 followers 130 following 270 posts
Chief European Market Strategist @ Morningstar
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Like the pharma industry, the autos sector is learning that promising investment in US manufacturing is one sure way to appease the administration and avoid punitive tariffs.
www.ft.com/content/2526...
Stellantis plans $13bn US investment to beat Trump tariffs
Jeep owner to create 5,000 jobs in Illinois, Ohio, Michigan and Indiana, sparking fears over Canadian plant
www.ft.com
Concentration in the US just keeps growing
"Late equity investors funding this excess capex are likely to lose a big slice of their investment. You need to have been invested in hyperscalers since 2019-2020 to survive a 70 to 80 per cent bust without a portfolio loss."
www.ft.com/content/c7b9...
The AI capex endgame is approaching
The rapid building of excess capacity both extends bubbles and ultimately bursts them
www.ft.com
“Two major ongoing conflicts, political instability in France, newly announced tariffs, all of this is combining to create a very unstable picture for investors,” “And when the going gets tough, gold gets a boost.” - Michael Field
www.cnbc.com/2025/10/01/g...
Gold hits fresh all-time high as U.S. government shutdown dents risk appetite
A U.S. government shutdown began on Wednesday after lawmakers failed to reach a deal on funding.
www.cnbc.com