Stocks Surrender Gains, Treasury Yields Rise Following FOMC Statement
The Federal Open Market Committee said today “it will soon be appropriate to raise the target range for the federal funds rate.” And it issued a separate statement on “Principles for Reducing the Size of the Federal Reserve’s Balance Sheet,” even as asset purchases continue. Stocks were already having their best day of 2022 ahead of this afternoon’s releases, and equity indexes continued to rally post-2:00 p.m. ET. The Fed finds itself in uncharted territory, and its various statements reflect the fact that there is no roadmap for combating inflation while balancing serious risks to growth – among them geopolitical tensions that continue to drive crude oil higher as well as an ongoing pandemic. Darius Dale, founder and CEO of 42 Macro, joins Real Vision’s Alfonso Peccatiello to break down one of the most highly anticipated FOMC meetings in recent times. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3KLKALp Learn more about your ad choices. Visit podcastchoices.com/adchoices
27 Tammi 202236min
Geo-Macro Tensions, Central Bank Questions Exacerbate Selling Pressures
The U.S. appears to be ramping up its support of NATO forces to counter Russia’s threat to Ukraine. And, after selling off along with all risk assets yesterday, crude oil prices are once again rising. Other commodities produced in the Baltics, such as natural gas as well as wheat and corn, are also sensitive to geopolitical tension. This comes as the Federal Reserve opens a two-day meeting during which the central bank is expected to raise its benchmark interest rate for the first time since late 2018. Bitcoin, meanwhile, is up more than 3% during the last 24 hours, as the world’s No. 1 cryptocurrency seems to have decoupled from equities, at least in the very short term. Tony Greer, founder of TG Macro and editor of The Morning Navigator, joins Real Vision’s Alfonso Peccatiello to sort through a murky macro environment and to talk about his current trading book. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3H0wMKE Learn more about your ad choices. Visit podcastchoices.com/adchoices
26 Tammi 202237min
Great Power Games Could Leave Europeans Out in the Cold
The Biden administration is preparing to deploy troops and equipment to Eastern Europe and the Baltics to counter Russia’s threat to Ukraine, as UK officials suggest Moscow aims to install a pro-Kremlin government in Kyiv. Stocks all over the world are tumbling, again, and Bitcoin has breached key technical levels. And there’s real concern about European natural gas supplies. “Risk on” for Putin means “risk off” for investors. Weston Nakamura is here to discuss the state of play with Ash Bennington. Weston also drops a compelling pair trade that could be a decent hedge against both geopolitics and central bankers. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/32rm6FR Learn more about your ad choices. Visit podcastchoices.com/adchoices
25 Tammi 202237min
It's the End of the Pandemic Rally As We Knew It
Cryptocurrencies are crashing, stocks are tanking, bonds are rallying, and central banks are diverging. That all spells “risk off,” as the pandemic rally has surely come to an end. Is there an “all clear” moment coming? When should we prepare to buy this dip? Raoul Pal joins the conversation for an update on what’s happening in the crypto space. And Maggie Lake talks with Jared Dillian, editor of The Daily Dirtnap, about the view from 30,000 feet and what it means for risk assets, including Bitcoin, Netflix, and others that benefited from across-the-board accommodative monetary policy over the past couple years. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3KwXMDB Learn more about your ad choices. Visit podcastchoices.com/adchoices
22 Tammi 202237min
It's Beginning to Look a Lot Like Another Commodity "Super Cycle"
The commodity “super cycle” chorus will only get louder with crude oil touching eight-year highs, nickel reaching levels not seen in a decade, and even gold looking like a compelling trade right now. Mixed U.S. economic data probably won’t alter the Federal Reserve’s plans to tighten monetary policy. But China’s central bank is clearly in easing mode. Combined with constrained supply across the complex, and that’s fuel enough for commodities firmly linked to the Middle Kingdom’s economy. Tony Greer talks with Maggie Lake about what’s happening with commodities amid a murky global outlook, and joins the conversation to discuss the impact of recent moves by the People’s Bank of China. Questions for Tony? Drop them right here on the Exchange: https://rvtv.io/33VU4CE Learn more about your ad choices. Visit podcastchoices.com/adchoices
21 Tammi 202235min
Equity Indexes Reflect Investor Uncertainty Amid Rising Inflation
U.S. equity indexes bounced between “green” and “red” today, reflecting investor uncertainty amid a spike in volatility. Portfolio positioning is the critical question, as inflation fears feed expectations of four interest-rate hikes in 2022. Supply-chain issues continue to burden the global economy. And, now, crude oil is threatening to reach $100. Consumers are getting crunched, and investors are confused. Darius Dale, founder & CEO of 42 Macro, sifts the evidence and offers solutions for the current environment in a discussion with Ash Bennington. Care to submit a question? Drop it right here on the Exchange https://rvtv.io/3GJX3wN Learn more about your ad choices. Visit podcastchoices.com/adchoices
20 Tammi 202233min
Yields Surge to Pre-Pandemic Levels as Investors Anticipate Fed Action
Bond yields rose across the curve Tuesday and stocks sank, as investors began to price in the potential impact of as many as four Federal Reserve rate hikes in 2022. The U.S. 10-year yield jumped to 1.865%, the highest it’s been since January 2020, and the German 10-year bund moved to within one basis point of turning positive for the first time since 2019. U.S. equity indexes were off nearly 2%, while European stocks fell about 1%. The CBOE Volatility Index (known as the “fear gauge”) surged as much as 20% intraday. Meanwhile, Brent and West Texas Intermediate crude prices continued to rise on strengthening global demand and tightening tensions in the Middle East. Still, all eyes are on the Federal Reserve. Alfonso Peccatiello of The Macro Compass welcomes back Nordea Markets Global Rates Strategist Andreas Steno Larsen for a European perspective on what's driving markets today. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3fD6xhw Learn more about your ad choices. Visit podcastchoices.com/adchoices
19 Tammi 202230min
Opportunity in Uncertainty: Where Raoul Pal's Looking as Inflation Weighs on Consumers
DB-Jan 14,2022: U.S. retail sales fell in December as surging prices hit consumer spending. Raoul Pal discusses what opportunities are available for investors in an environment of rising inflation and why he is looking at the carbon trade. He also provides his view on Bitcoin, Ethereum and how to understand the macro environment. You don’t want to miss Raoul’s take on how we should be thinking amid the uncertainty. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3I2PBgs Learn more about your ad choices. Visit podcastchoices.com/adchoices
15 Tammi 202232min
