Winners and Losers After DeepSeek — ft. Robert Armstrong

Prof G Markets

Vox Media Podcast Network

Entrepreneurship, Investing, Business

4.6 • 722 Ratings

🗓️ 30 January 2025

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Scott and Ed open the show by discussing the stock market’s reaction to DeepSeek’s arrival, a record in private equity stake sales, and the rising unemployment rate among recent MBA graduates. Then Robert Armstrong, U.S. financial commentator for the Financial Times, returns to the show to break down the winners and losers of the DeepSeek trade. He explains why, despite significant developments in China’s corporate economy, he still believes Chinese stocks remain uninvestable. Robert also offers his thoughts on European and U.K. stocks relative to their U.S. peers, gives his take on Trump’s comments on interest rates, and explains how the immigration crackdown could affect investors. Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:38.7	True story.
0:39.2	On May 25th, 2001, a blind man named Eric Wallenheimer summited Everest.
0:43.9	When asked how he felt, he said, I'm going to kill this fucking guy, Ed. That's good, Ed. The producers aren't laughing. Do I need to go back to the porn jokes? Is that what's going on here? Anyways, today, welcome to property markets. In today's episode,
1:12.8	oh, time to get that $15,000 so we can sum it Everest. Today's episode is presented by Funrise,
1:18.5	and we're speaking with Robert Armstrong, U.S. Financial Commentator for the Financial Times.
1:23.0	But first, Ed, what's going on?
1:25.8	I'm doing very well, Scott. How are you doing?
1:27.9	Well, that was exciting banter.
1:29.2	Jesus, bitch.
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	...

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