Real Economy VS Stock Market Economy | Nucleus Investment Insights
by
Damien Klassen
August 29, 2025
In this week's podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen looked at the difference between GDP and company profits, discussing when you can get divergences and how investors should think about returns.
Agenda:
- GDP growth vs equity returns — the disconnect
- EM case study: fast GDP, slow markets
- US lens: foreign revenues, the USD, and currency translation
- Who’s spending? Govt vs households vs profits (Kalecki/Levy)
- Listed mega-caps vs the SME economy
- Today’s US forces: USD, tariffs, deficits, AI capex
- Investor takeaways
Take us on your daily commute! Nucleus Investment Insights is available in Podcast form on iTunes and all major Android Podcast Platforms.
