European Stocks Rally, U.S. Tax Cuts & Germany’s Confidence Drop: PALvatar Market Recap - February 26, 2025

DB-Jul12,2021: Darius Dale, founder and CEO of 42 Macro, joins the Daily Briefing to discuss his updated outlook on inflation expectations and market sentiment as the S&P 500 hits a new intra-day high. Dale joins Real Vision’s Ash Bennington and Samuel Burke to examine the results of the New York Fed’s Consumer Survey for inflation expectations. Additionally, the trio looks at the possibility of an ECB policy shift as it looks to continue its monetary stimulus to support Europe’s reopening economy. Learn more about your ad choices. Visit podcastchoices.com/adchoices

13 Jul 202136min

Real Vision Live Replay: The risk of inflation is clearly one of the top market narratives for 2021, and many investors are buying in. But how do you actually build a portfolio to benefit from inflation? Whether it's energy, real estate, precious metals, or soft commodities, everyone seems to have a different answer. James Davolos, portfolio manager and research analysts at Horizon Kinetics, is responsible for doing just that, in their fund $INFL. In this interview with Ed Harrison, he explains his framework for building a diversified portfolio that benefits from inflation. Davolos also explains what inflation means to him and how he measures it, as everyone seems to have a different definition of what inflation actually is and how best to measure it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Jul 20211h 6min

The Interview: Imran Lakha of Options Insight and Brent Kochuba of SpotGamma are veterans of the options market, and they join Real Vision to shed light on how options exert a hidden pressure on the stock market. Most associate the phrase “gamma squeeze” with GameStop, but Kochuba notes that gamma squeezes are very common, noting the various ways in which dislocations in dealer gamma can drive price action in indices such as the S&P 500 but also in single-name equities like Tesla and Apple. He describes his quantitative method to identify levels of gamma resistance in single-name equities and index futures, using detailed charts levels to spot what he names "call walls" and "volatility triggers." Kochuba and Lakha make sense of the drastic transformation the options market has undergone over the past year, and they speculate on the future of this highly sophisticated asset class. Lastly, Lakha shares with Kochuba his findings in the nascent world of crypto derivatives. Recorded on May 3rd, 2021. Key learnings: The explosion in single-stock option volumes means that options are now playing a huge role in driving price action in the equity market. Kochuba argues that this new environment offers the venturesome trader an opportunity to exploit the option market makers' to hedge their exposure. Lakha notes that Bitcoin and Ethereum exhibit call skew, which offers opportunities that are rarely seen in traditional capital markets. Lakha's website is https://www.options-insight.com/ and Kochuba's analysis can be found here: https://spotgamma.com/. Learn more about your ad choices. Visit podcastchoices.com/adchoices

11 Jul 202144min

The Interview: Dario Perkins, managing director of macro at TS Lombard, argues that we are seeing a global regime shift in economic policy from monetary dominance to fiscal dominance. In this interview with Real Vision managing editor Ed Harrison, Perkins explains how this change will have wide-ranging implications for economies and financial markets. He sees Modern Monetary Theory (MMT) as instrumental as the "software" for making this shift possible. But although he welcomes change, Perkins believes the endgame for this structural break is inflation. In the medium-term, that will mean greater economic growth, gently rising bond yields, and a return to value over growth in equity markets. But eventually, down the line, inflation will set in. Perkins believes gold is the hedge for that outcome. Recorded on April 29, 2021. For more on Dario Perkins' background, click here: https://www.tslombard.com/dario-perkins. TS Lombard's website can be found here: https://www.tslombard.com/. Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Jul 202159min

CB-Jul09,2021: The 8-day rally in U.S. Treasury bonds finally breaks as global equities take back much of yesterday’s sell-off. Real Vision’s Ash Bennington, Weston Nakamura, and Jack Farley analyze today’s price action, as well as how the surge in job openings surge in the U.S. is reshaping dynamics in the American labor market. Lastly, Weston shares his thinking on correlations between U.S. bond yields and price swings in $AMC and other meme stocks. Learn more about your ad choices. Visit podcastchoices.com/adchoices

10 Jul 202136min

DB-Jul08,2021: Peter Boockvar, chief investment officer of Bleakley Advisory Group, joins Real Vision’s Samuel Burke and Jack Farley to make sense of the risk-off sentiment that dragged down almost every stock index worldwide deep in the red. Boockvar scrutinizes the U.S. bond market and attributes the violent flattening of the yield curve to the FOMC meeting earlier this month that rocked market participants. He tells Burke and Farley how the churning of certain reflation trades in light of the Delta Variant is affecting his perspective on energy, copper, precious metals, as well as equity markets in Developed Asia. Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Jul 202137min

DB-Jul07,2021 :Darius Dale, founder and CEO of 42Macro, joins the Daily Briefing to discuss his updated outlook on FAANG stocks, the retreat from Chinese tech stocks, and the release of the FED’s FOMC minutes. Bianco joins Real Vision’s Jack Farley and Samuel Burke to discuss the rise in tech stocks as bond yields fall to a 4-month low. Additionally, the trio analyzes DIDI’s situation amidst Chinese regulation and the minutes from the latest FOMC meeting released today Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Jul 202137min

Crypto Wednesday: Real Vision co-founder and CEO Raoul Pal hosts Mathias Imbach, co-founder of Sygnum, to discuss Imbach's background, Sygnum's services, European regulations, central banks, and the future of digital currencies. The notion of leveraging today's internet infrastructure to monetize data at the cost of users triggered a fear in Imbach concerning where the current financial structure could ultimately lead. It was in the discovery of the Ethereum white paper that Imbach realized that there could be a better way with smart contracts giving users more control over their data. With that in mind, Imbach co-founded Sygnum with the goal to build a system that was regulatory compliant to help bring real adoption to the space, building a bridge from today's financial world to where they believe future finance will be. Imbach explains that Sygnum's mission is to empower everyone with more access to ownership and value, and he explains that while one may view a bank as doing the opposite because it is a centralized entity, it’s the first step toward that ultimate goal. It requires taking regulators, governments, and national banks along with you from a legacy system to help found and scale a new one. Key Learnings: Imbach states that although Sygnum has a banking license, he identifies the firm as a technology company. According to Imbach, the ethos of Sygnum is that the future has heritage. While the current financial infrastructure is heading towards a smarter, more decentralized, and accessible direction, elements of today's world will not simply vanish—Sygnum aims to combine these elements. Learn more about your ad choices. Visit podcastchoices.com/adchoices

7 Jul 202153min