Note: This video is for educational and informational purposes only and does not constitute investment advice in any way.
The Week Ahead in Equities:
Next week’s equity market outlook - the overall earnings calendar is relatively quiet, a handful of bellwether reports will provide critical read-throughs on the consumer sector, inflation, and energy costs. On the macroeconomic front, investors should watch key US jobs data alongside a notable sentiment indicator out of Australia.
Earnings Watch: Inflation and the Consumer
Earnings volume may be muted, but reports from major industry players will offer valuable insights into current macroeconomic pressures:
PEP 0.00%↑ PepsiCo (NASDAQ: PEP) & TSCO 0.00%↑ Tesco (LSE: TSCO): These consumer staples serve as barometers for global inflation. Their reports will shed light on pricing power, margin resilience, and whether consumer demand is softening in the face of sustained price increases.
DAL 0.00%↑ Delta Air Lines (NYSE: DAL): Delta’s results will be particularly relevant for assessing the impact of energy costs. The report will provide visibility into how fluctuating oil prices are feeding through to operating margins and whether the broader travel sector can maintain its pricing leverage.
Source: Trading Economics
Macroeconomic Drivers: US Employment and Australian Sentiment
The macroeconomic slate features two primary data points to monitor:
US Non-Farm Payrolls: The upcoming US jobs report will be closely watched, though consensus expectations currently anticipate no major surprises. It remains an important metric for understanding the US consumer, particularly coming in to elections.
Australian Consumer Confidence: Throughout 2026, Australian house prices have declined by approximately 3% to 5% across various regions, following interest rate hikes earlier in the year. With inflation persistently squeezing disposable incomes, a drop in consumer sentiment is highly likely and could serve as a leading indicator for broader economic cooling in the region.
source: Trading Economics
Media Updates and Upcoming Manager Conversations
Over the coming weeks, we are releasing a series of exclusive interviews and deep-dive discussions with leading fund managers and financial authors.
Recently Uploaded & Imminent Releases:
Dr. Martin Kuypers: The first part of our Odyssey Conversation is now live.
Javier Blas: Part one of our discussion with the co-author of The World for Sale is available now, with the second part scheduled to go live today.
Sean Peche: Our conversation from last week with the Portfolio Manager at Ranmore Fund Management will be released early next week.
Upcoming Live Events:
Andrew Hollingworth (Holland Advisors): Scheduled for the 14th of October at 1:00 PM. Hollingworth is an exceptional manager who strikes a precise balance between value, quality, and growth investing. Details here
William Lough (Otus Capital Management): Scheduled for Friday the 23rd at 11:00 AM. We will be speaking with Lough, the Portfolio Manager of the Otus Global Smaller Companies Fund, to discuss the current equity landscape and opportunities in global small-cap equities - the place where all the greats started from. Details Here
Brett Gardner (Author Book Club): Scheduled for November 6th. We are currently reading Buffett’s Early Investments, an excellent deep-dive into Warren Buffett’s foundational years. Gardner will join us to discuss the book and the core research methodologies modern investors can apply today. Details Here
