Priced for Perfection: Has the Reflation Trade Gone Too Far?

DB-Jun29,2021: Real Vision senior editor Ash Bennington welcomes Real Vision interim managing editor Samuel Burke and Tommy Thornton of Hedge Fund Telemetry to the Daily Briefing to discuss Bitcoin’s rebound and market sentiment as delta variant fears grow. Thornton shares his bullish outlook for Bitcoin and potential explanations for its recent bounce from 6-month lows. In addition, Burke provides a unique perspective on European lockdowns and investor opinions as the delta variant of Covid-19 continues to spread. For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

30 Jun 202137min

DB-Jun28,2021: Real Vision managing editor Samuel Burke welcomes Jack Farley and Darius Dale, founder and CEO of 42 Macro, to the Daily Briefing to discuss Dale’s macro outlook and weigh the possibility of deflation. The trio will cover the recent U.K. ban on Binance and its effects on crypto assets. Additionally, they will discuss the strength of the dollar and GDP projections in a potentially deflationary environment. Finally, they will examine oil stocks ahead of the OPEC meeting scheduled for Thursday. For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today Learn more about your ad choices. Visit podcastchoices.com/adchoices

29 Jun 202136min

Real Vision Live Replay: Michael Vranos, founder and CEO of Ellington Management Group, has been known as "the most powerful man on Wall Street" and, over the course of his almost 30 years running Ellington, has been able to adapt his firm, generating exceptional risk-adjusted returns through the LTCM crisis in 1998, the GFC in 2008, and most recently the COVID-19 crisis of 2020. In this interview with Raoul Pal, Vranos will share his personal journey; the early lessons he learned from LTCM and how he structured his firm accordingly; his views on leverage, tail risk hedging, and the costs and benefits of illiquid investments; and the current opportunities he is eyeing in financial equities like REITs, structured credit, and loan securitization. Viewers should be aware that this is an interview for pros by pros, and although not inherently actionable for most individual investors, it should be viewed as an unbelievable look behind the curtain of how one of the most successful hedge fund managers of all time thinks about markets and the business of running a hedge fund. To go alongside this segment, we've prepared a set of notes for this interview. You can access them here: https://rvtv.io/3gm1vYf For our Listeners: Head to https://www.rocketlawyer.com/workconfidently to start your free 7-day trial today. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Jun 20211h 21min

The Interview: Gary Shilling, president of A. Gary Shilling & Co., joins Real Vision managing editor Ed Harrison to evaluate the health of the economy and how it impacts the future path of assets such as bonds, real estate, and stocks. Shilling notes that the consensus view—that the economy is going to re-open very rapidly, that inflation is going to come roaring back, and that interest rates will go through the roof—contradicts the lessons he has learned across his storied career in financial markets. Shilling argues that the four-decade-long trend of declining interest rates on U.S. Treasurys will continue, and he shares with Harrison several investment ideas in commodities and bonds that allow investors to be cautious without being actively bearish. Shilling and Harrison also discuss trends such as working-from-home, the residential real estate boom, and the savings glut in Asian countries. Recorded on April 21, 2021. Key learnings: Shilling is very bullish on bonds and views the recent rise in commodity prices with some skepticism. He has his eye on small positions and is only willing to size-up his trades once he has seen confirmation of his thesis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Jun 202139min

The Interview: Marin Katusa, chairman of Katusa Research, returns to Real Vision to share a new thesis on how the rise of ESG (environmental, social, and governance) will forever transform the way commodities are produced. Katusa argues that companies that comply with ESG standards will be able to secure a lower cost of capital and, in so doing, will be at an extreme advantage to those who do not. Katusa provides his updated views on gold, silver, copper, uranium, and rare earths, and he argues that green energy will be a catalyst for America to re-emerge as the global hegemon of the world order. Katusa is the author of the recently released book, "The Rise of America: Remaking the World Order." Recorded on May 20, 2021. Key learnings: Katusa argues that companies and investors who can ride the ESG wave will be handsomely rewarded, but that those who ignore this inexorable change do so at their own peril. He is very constructive on carbon credits, particularly "blue" carbon credits, and thinks that copper and silver might have run a bit too hot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Jun 20211h 6min

DB-Jun25,2021: Real Vision senior editor Ash Bennington welcomes Raoul Pal to the Daily Briefing to discuss his thoughts on inflation, the strength of the dollar, and winners in an exponential age. The pair will cover potential explanations for flattened personal spending as continued supply constraints push prices higher. Additionally, they will dive into the companies positioned to succeed in an era that emphasizes network effects. Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Jun 202130min

Db-Jun24,2021 : Real Vision’s Samuel Burke, Jack Farley Ash Bennington discuss U.S President Joe Biden’s announcement that a deal on infrastructure has been reached, and the potential significance that the bond market barely budged on the news. They also analyze how the re-emergence of share buybacks will affect an equity market that continues to make all-time highs. The three also explore whether recent economic data, such as durable goods orders and jobless claims, indicate a rising potential of deflation. Special Festival of Learning offer - 10% off with the code DAILYBRIEFING. http://www.realvision.com/festival Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Jun 202136min

DB-Jun23,2021: Real Vision’s Jack Farley welcomes Samuel Burke, Real Vision managing editor, and Weston Nakamura to the Daily Briefing to discuss the S&P 500 trending higher, effects of global vaccination campaigns, and the rise in oil prices. The trio will analyze the bullish sentiment present in the market as vaccination rates continue to improve. Nakamura and Burke also look at the oil market as summer driving demand escalates. Special Festival of Learning offer - 10% off with the code DAILYBRIEFING. http://www.realvision.com/festival Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Jun 202135min