PiQ Morning Blast

PiQ Morning Blast is a daily live markets podcast hosted by Ryan Paisey and Michael Brown, covering global macro, geopolitics, and trading markets with no filter. This morning Ryan and Michael opened with a significant overnight development: US military forces intercepted Iranian attacks on US destroyers in the Strait of Hormuz, then struck the Iranian military facilities used to carry out the attacks. Trump framed it as defensive action and confirmed the ceasefire remains in effect. The key question: with Iran so fractured and leaderless after months of strikes, does anyone actually know who fired first? On UK elections, a senior Labour source summed up the results in three words not printable here. With a third of English council results declared, Reform UK is winning roughly one in three seats declared while Labour is losing close to half of what it was defending. Projections of 1,800 Labour seat losses are circulating. Keir Starmer said he "will stand as Prime Minister at the next general election" – a quote both Ryan and Michael agreed will age badly. Watch the Sunday papers and the weekend political shows for when the real manoeuvring begins. On NFP, Michael walked through the April US jobs report due at 1:30pm London: consensus 65,000, with leading indicators broadly positive including ADP at 109,000 and initial claims at cycle lows. But as Michael put it, this is unlikely to move the needle on Fed policy – markets are pricing virtually nothing from the Fed through year end and the central bank is firmly focused on inflation, not payrolls. An unmissable Friday morning show. Subscribe and tune in every weekday at 8:30am UK.

Iran has a week. That is Trump's own timeline for a deal framework. He is flying to Beijing to meet President Xi in seven days and wants this wrapped up before he boards Air Force One. Both sides are now entering the domestic sales phase. The punchy rhetoric from Tehran and Washington is aimed at the evening news in each country, not at each other. Ryan and Michael on why that distinction matters right now. Markets at all-time highs. Bears still calling it a bear market rally. Why the pain trade is still higher and why the disbelievers are running out of road. Local election day in the UK. Labour Implosion Day. The real risk for sterling is not tonight. It is Monday morning.

Hosts return after a long weekend to discuss markets catching up, the Middle East missile strikes on the UAE, the RBA's third straight rate hike, Trump's tariff threats, yen intervention, and the week's economic calendar including jobs data and UK local elections.

Hosts Ryan and Michael deliver a candid, fast-paced market rundown covering Japan’s yen intervention, central bank confusion at the BOE and ECB, and the latest geopolitical developments in the Middle East. The episode mixes sharp opinion and market context with key data and earnings to watch, offering a lively take on what traders should be monitoring next week.

Ryan and Michael Brown on a Thursday show with the Fed's messiest vote since 1992, a Bank of England decision under impossible circumstances, and four hyperscaler earnings to digest before Apple reports tonight. On the Middle East, Trump posted to Truth Social that Iran cannot get their act together, accompanied by a machine gun meme captioned "No more Mr Nice Guy." US Central Command is briefing the President today on a range of military options, including potentially taking control of the Strait of Hormuz. On the FOMC, the vote was eleven to one to hold, with Governor Miran dissenting for a cut. Three regional presidents separately dissented on the easing bias language in the statement, a distinction Michael unpacks in detail and explains why the eight-to-four framing you may have seen everywhere was wrong. On earnings, all four hyperscalers beat, but Meta sold off after hours on the gap between its rising capex and its inability to monetise it the way Amazon, Alphabet and Microsoft already are. On the Bank of England, a hold at three and three quarter percent with the vote split the real story. Hugh Pill the likely hawkish dissenter, with Megan Greene and Catherine Mann potentially joining him. Clive Lambert at FuturesTechs with the levels.

Ryan and Michael Brown on a Wednesday tape with three big stories and a quiet Middle East. The UAE walked out of OPEC after sixty years, but with one pipeline maxed at one and a half million barrels a day, nothing changes until the Strait reopens. UK gilts squeezed back near five percent on the ten-year, with the gilt-treasury spread blowing from twenty-five basis points to sixty-six. Powell takes the chair for his probable last FOMC, with Kevin Warsh's Senate vote landing this afternoon. Plus four hyperscalers report tonight, and copper is doing the talking on capex. Clive Lambert at FuturesTechs with the levels.

Ryan and Michael Brown on a Tuesday tape that came in three layers. The Bank of Japan held at 0.75 percent, but three of the nine wanted to hike and the inflation forecast just got rewritten upward.   OpenAI quietly cut its compute target from 1.4 trillion dollars to 600 billion, and the Microsoft deal got revamped into the bargain. And the Middle East stayed quieter than it has done in weeks, which is its own signal. Plus a proper rant on Rachel Reeves' rumoured rent freeze, a side trip into yen intervention mechanics, and Clive Lambert at with the levels that matter.

Ryan and Michael deliver a candid market wrap with Clive's technical levels across equities, FX, bonds and commodities. They discuss Middle East diplomacy after Trump cancelled a Pakistan trip, ongoing talks with Iran, and the risks to the Strait of Hormuz and global shipping routes. They also cover the DOJ moving the Powell probe, Kevin Walsh's likely Fed confirmation, a busy week of central bank meetings, and major MAG7 earnings that could drive market volatility.

Hosts Ryan and Michael return to Twitter Spaces with tech problems and a candid, no-nonsense discussion covering market updates, Clive Lambert's key levels, and reactions to Middle East headlines. The episode includes a heated rant about ICE extending trading hours, retail sales context, energy and metals moves, and a look ahead to a packed week of central bank decisions.  

The hosts return live to X/Twitter Spaces with a candid market roundup covering S&P and Nasdaq moves, commodities and bond action. They discuss the reported indefinite US–Iran ceasefire, shipping routes, and why equities are rallying on FOMO and strong earnings surprises. UK borrowing, upcoming PMI prints, and why gold remains subdued despite geopolitical risk are also reviewed in this short episode.

On this candid Morning Blast episode Ryan and Michael Brown break down the day’s market moves: an extended US–Iran ceasefire, relentless headline whiplash, and rising UK inflation that’s caught traders’ attention. They discuss Kevin Walsh’s Fed nomination and likely policy shifts, commodity and crypto moves (gold, oil, Bitcoin), corporate earnings to watch (Boeing, AT&T, Tesla), and practical trading takeaways amid volatile news flow.

The hosts cover markets trading cautiously as US-Iran ceasefire talks and geopolitical headlines create headline fatigue, while equities continue a long green streak. They also dissect UK jobs data showing rising economic inactivity, criticize a higher windfall tax on generators, and preview the Fed chair nominee hearing and upcoming US retail sales and German ZEW reports.

On this Friday episode Ryan and Michael recap market action: S&P and Nasdaq highs, key technical levels, bitcoin and commodity moves, and the sector drivers behind the recent rally. They discuss diplomatic developments — Israel-Lebanon ceasefire reports and US‑Iran backchannel talks — and how easing tensions are shaping risk appetite ahead of the weekend. The show also covers the UK political controversy around Peter Mandelson and Keir Starmer, potential impacts on sterling and gilts, and the light economic calendar into the weekend.

Today’s episode covers the market rally as the S&P and other indexes hit record highs amid hopes of a ceasefire and easing geopolitical risk. We break down the surprising UK GDP print, central banks’ cautious stance, commodity vs equity disconnects, and the strange stock-market moment when Allbirds announced a pivot to AI infrastructure.

Hosts Ryan and Michael open the day with a lively Morning Blast featuring a market briefing from Clive: S&P futures push near all-time highs, a risk-on mood across equities and commodities, and oil and gas developments tied to a fragile Middle East ceasefire and potential US–Iran talks. The episode also covers monetary and trade headlines — ECB rate chatter, the upcoming Fed nominee hearing, U.S. tariff timing, bank earnings and commodity levels — all wrapped in casual banter and quick takeaways for the trading day ahead.

Ryan and Michael record a candid, live episode covering the S&P’s rebound, the US blockade of the Strait of Hormuz, and market FOMO as equities climb. They break down commodity and bond moves, discuss Germany’s sharp wholesale price spike, and explain how geopolitics is shaping inflation risks.   They also preview the day ahead: US PPI, major bank earnings, and the IMF/World Bank spring meetings with central bank speakers to watch, while keeping their usual irreverent, unedited commentary.

Ryan and Michael deliver their blunt, foul-mouthed market roundup: weekend headlines, technical "gaps galore," and moves in equities, metals and energy as traders react to geopolitical news. The episode focuses on failed US–Iran talks in Pakistan, mixed messages about a Strait of Hormuz blockade and the potential impact on crude flows and prices, plus US CPI context, upcoming earnings season and key events at the IMF/World Bank spring meetings.  

Ryan and Michael run through market movers — S&P and Nasdaq gains, commodities updates, and ICE's change to TTF trading hours that could thin liquidity. They preview US CPI and what higher energy prices mean for headline versus core inflation. The hosts also cover a major AI security story around Anthropic's new model, emergency meetings in finance, and the fragile Middle East ceasefire affecting oil flows and shipping, all delivered with candid banter and practical takeaways.  

Hosts Ryan and Michael kick off the Morning Blast with candid market talk, a roundup of futures levels, and a no-nonsense take on the day’s headlines. They focus on the tenuous Middle East ceasefire and its impact on energy flows, shipping backlogs, LNG and commodity prices, plus second-round effects on fertiliser and industrial supply chains. The episode also previews key US data (Q4 GDP, PCE, jobless claims), a 30-year Treasury auction, and what traders and policymakers should watch next.  

Ryan and Michael discuss President Trump’s late announcement of a two-week ceasefire and the immediate market reaction: equities rally, energy prices ease, and currencies and bonds shift as traders price lower escalation risk. They caution the truce may be short-lived and highlight the key things to watch—whether the ceasefire holds, progress in peace talks, and the reopening of shipping through the Strait of Hormuz—while noting the remaining logistical and infrastructure hurdles that could delay normal energy flows. Also covered: market technical levels from Clive Lambert, the data and events to watch (Eurozone PPI and retail sales, a US 10-year auction, FOMC minutes), and how geopolitics will likely dominate price action in the near term.  

Hosts Ryan and Michael return after a long weekend with a candid market roundup focused on President Trump’s self-imposed deadline for Iran to reopen the Strait of Hormuz, the risk of escalation, and how markets are reacting to stretched headlines and low trading volumes. This episode also breaks down recent US jobs data, commodity moves (especially oil), and the key events to watch this week including central bank updates, US Treasury auctions, Fed minutes and upcoming inflation reads.  

The hosts give a candid market roundup covering Clive Lambert’s technical levels, President Trump’s national address and its impact on sentiment, crude oil spikes, and central bank commentary from Andrew Bailey. They warn listeners about thin liquidity around Friday’s NFP on a holiday weekend, urge de-risking and squaring positions, and sign off for the extended break.  

Ryan and Michael Brown deliver a candid morning market roundup as risk appetite roars back: equities rally hard, bond yields fall, and crude pulls back, while Clive Lambert’s technical levels frame the move across indices, bonds, FX, metals and energy. They break down why markets are reacting positively to signs that President Trump may be looking for an off-ramp in the Middle East even without reopening the Strait of Hormuz, discuss what that could mean for oil flows, inflation and growth, and preview today’s key catalysts including PMI data, eurozone unemployment, ADP, US retail sales, Keir Starmer’s press conference and Trump’s overnight address.

Markets close out a turbulent quarter as Middle East conflict, Trump statements and rising oil prices drive volatility across equities, bonds and commodities. Expect continued geopolitical headlines, end-of-quarter flows and key economic data to shape trading as investors weigh risks to energy supplies, safe havens and central bank policy.  

Hosts Ryan and Michael Brown deliver a candid market roundup as the Middle East conflict enters day 30, driving energy-driven volatility across equities, bonds, and commodities. They recap technical moves, commodity reactions (Brent, aluminium, gold), and the impact of month-end flows. The episode previews a busy week of data and events — Fed Chair Powell's remarks, German and Eurozone inflation, PMI and ISM prints, and Friday's U.S. payrolls — and explores how geopolitical risks, inflation, and growth concerns could shape markets.

Ryan and Michael Brown break down a volatile Friday: risk-off moves pushed the S&P lower, oil and gas swung sharply, and a late social post from President Trump extended an Iran deadline — briefly lifting markets before fading. They also cover market commentary from Clive Lambert, criticism of the Financial Times by Treasury Secretary Scott Bessant, UK retail data and a Jaguar Land Rover shutdown, and flag consumer sentiment and weekend de-risking risks.  

Ryan and Michael deliver a candid, fast-paced market roundup covering Pony AI earnings, Clive Lambert's futures update, and the 27-day Middle East conflict that is reshaping market sentiment. They discuss recent doji patterns, energy and commodity impacts, emerging supply chain shortages, and political uncertainty around the Fed leadership and upcoming economic data and auctions.  

Ryan and Michael Brown deliver an unfiltered morning roundup of markets, inflation data, energy developments, and the latest Middle East headlines with candid commentary and sharp analysis. They cover market moves, central bank rate pricing, commodity trends, and geopolitical risks in a brisk, unscripted format.

Ryan and Michael break down the market reaction to President Trump’s True Social post about postponing strikes, the suspicious large trades that preceded it, and how traders are pricing an increasingly uncertain conflict. They also cover commodity moves, precious metals rebounds, PMIs and practical trading takeaways for navigating headline-driven volatility.

Ryan and Michael deliver an unfiltered morning market update covering key futures levels, gilt stress, crypto and metals moves, and energy market risks. The episode also breaks down the escalating Middle East tensions after a 48‑hour ultimatum, discusses potential economic spillovers, and previews data and central bank events to watch this week.

Ryan and Michael deliver a candid, banter-filled market roundup covering technical levels from Clive Lambert, recent central bank moves (BOE and ECB), bond and currency reactions, and commodity action including oil, copper, gold and bitcoin. They also discuss geopolitical risks in the Middle East, UK political headlines, weekend market risks like triple witching, and offer trading takeaways with a healthy dose of sarcasm and humour.

Hosts Ryan and Michael Brown discuss a volatile morning driven by escalating Middle East attacks on energy infrastructure, sharp moves across oil and gas markets, and the market fallout—falling stocks, rising yields, and spikes in commodities. They also recap central bank decisions, including the Fed's steady stance and dot plot, and consider implications for UK inflation, public-sector pay and policy risks. Expect headlines to move prices quickly; the episode emphasizes caution, capital preservation, and watching central bank minutes and market news closely.

Hosts Ryan and Michael unpack markets and geopolitics on a busy central-bank week, covering the FOMC decision, Powell’s press conference, and guidance from the BoC and BoJ. They discuss market desensitization to ongoing Middle East tensions, technical moves across equities and commodities, and why traders are shifting into a wait-and-see mode.

Hosts Ryan and Michael deliver blunt market commentary on futures rolls, commodities (oil, gold, soybeans), bitcoin, and the fallout from Middle East attacks and a delayed US–China summit that slammed soybeans. They preview a packed week of central bank meetings, UK political speeches and auctions, warn about headline fatigue and elevated volatility, and offer practical trading caution as markets price prolonged geopolitical risk.

Good morning, good morning, good morning. Welcome to the Morning Blood, a very candid podcast with Ryan and Michael where they cut through market noise and add value with a smile. This episode reviews weekend Middle East developments (including strikes near Karg Island, Strait of Hormuz tensions and escort coalition talk), market reactions across oil, bonds and FX, Clive Lambert's technical levels, the Fed subpoena legal update, US–China trade talks, and a busy central-bank-packed week ahead.

Hosts Ryan and Michael deliver a candid morning markets update covering the risk-off tone driven by rising oil prices, mixed geopolitical headlines from the Middle East, and dollar strength. They review key data including UK GDP and upcoming US releases, market moves across crude, bonds, metals and ags, and offer practical trading advice for managing weekend risk.

Hosts Ryan and Michael deliver a candid market update covering overnight tanker attacks in the Gulf, rising crude prices, and volatile headline-driven moves across equities and FX. They discuss technical levels, central bank pricing shifts, IEA reserve releases, and how markets are becoming desensitized to repeated geopolitical headlines.

Ryan and Michael deliver a blunt market update covering technical levels across indices, the wild oil-price swings triggered by a deleted Energy Secretary post, and reports of mines in the Strait of Hormuz. They discuss the potential impact of Strategic Petroleum Reserve releases, why headline-driven trading is dominating, and why CPI data looks increasingly irrelevant amid the crisis. The episode also touches on corporate and macro movers — Volkswagen job cuts, big debt issuance from Amazon, and Salesforce buyback financing — and ends with a warning to stay cautious in volatile markets.

Hosts Ryan and Michael Brown recap a volatile morning for markets driven by dramatic crude price swings, geopolitical tensions and market-moving tweets. They discuss how fast markets can break systems, why traders should be cautious with options and stop-losses, and why classification of bull/bear markets can be misleading in extreme volatility. They highlight key catalysts to watch today, including energy ministers' talks, treasury auctions and corporate earnings, and emphasize capital preservation and caution amid ongoing uncertainty.

Ryan and Michael break down Monday’s turbulent open as crude spikes on Middle East strikes, production cuts and shipping risks, and explain why Brent/WTI comparisons can be misleading. They discuss market knock-on effects—stocks sliding, dollar and rates rising—review potential G7 strategic reserve moves, and offer practical trading advice for extreme volatility: smaller positions, wider stops and capital preservation.

Ryan and Michael deliver a blunt, unedited market roundup covering the week’s key moves: a sharp oil rally, geopolitical tensions around the Straits of Hormuz, mixed equity performance, and bond and FX reactions. They preview today’s US jobs report (NFP), retail sales and eurozone GDP, explain why payrolls may not move markets unless wildly surprising, and highlight critical levels in oil, indices and bonds to watch. Expect discussion of Friday de‑risking ahead of the weekend, possible gap risk, and trading posture as markets price geopolitical uncertainty — short, candid and opinionated.

Hosts Ryan and Michael deliver a candid market update covering technical levels from Clive Lambert, recent price action in equities, bonds, metals and energy, and Bitcoin’s resistance at $74k. The episode digs into Middle East developments, their impact on shipping and oil storage, and why markets have stayed orderly despite spikes in volatility. They also discuss economic data, central bank headlines, UK politics and what to watch next for traders and listeners.

Ryan and Michael deliver a candid, unfiltered morning market briefing with banter and a full update from Clive Lambert: equities mixed, bond weakness, US dollar strength, and surging energy prices after Qatar’s LNG pause driving big moves in Brent and TTF. The episode explores divergent US vs. European market reactions, China’s role in easing tensions, and practical advice — retail traders should avoid these highly volatile markets while watching Eurozone CPI and the UK Spring Statement for the next catalysts.

Ryan and Michael react to dramatic weekend strikes involving the US, Israel and Iran, explain the immediate market moves—energy up, gold and dollar bid, equities lower—and stress that markets remain functioning despite high volatility. They offer a practical survival guide for traders: don’t trade every headline, reduce position sizes, widen stops, stick to reliable sources, and watch energy infrastructure and potential off-ramps while remembering key economic data still looms on the week’s calendar.

Hosts Ryan and Michael unpack a choppy Friday market marked by intense US–Iran talks, month‑end positioning and mixed tech moves that left major indices trading sideways. They cover commodity and bond reactions, corporate headlines like Netflix and Ford, upcoming economic data, and a surprise Green Party by‑election victory with its implications for UK politics.

Hosts Ryan and Michael kick off the morning with a blunt, laugh-filled market wrap featuring Clive Lambert’s technical calls, a quick take on risky geopolitics, and plenty of profanity. Highlights include NVIDIA’s strong beat-and-raise, a brief CME trading outage, oil and gas headlines tied to US–Iran talks, commodity moves (gold, silver, copper, Brent), and a nail-biting UK by-election that could rattle Labour — plus what to watch next in the economic calendar.

Ryan and Michael deliver a candid, market-focused rundown of the day: reactions to the State of the Union, lingering Middle East tensions and US–Iran talks, EU trade and tariff noise, and key macro data driving sentiment. The episode previews tonight’s pivotal NVIDIA earnings and AI-driven tech debate, highlights corporate moves (Meta/AMD, Novo Nordisk, PayPal interest), and reviews market technicals across equities, FX, commodities and rates.

Ryan and Michael deliver a candid, rough-around-the-edges market update covering mixed equity moves, a tech-led sell-off, commodities and FX quirks. They discuss political pressures on central banks (Fed, ECB, BOJ), tariffs, geopolitical risks in the Middle East, and why markets may be overreacting to headlines — plus a quick look at upcoming data, earnings and the light economic docket.

Ryan and Michael deliver a candid market update covering weekend headlines and the week ahead. They discuss AI panic, geopolitical tensions with Iran, and the latest market moves across equities, commodities, and crypto. The episode digs into the Supreme Court tariff ruling and Trump’s rapid executive response, key economic data surprises, and what to watch this week including Nvidia earnings, Fed speakers, and US-Iran talks in Geneva.