How Do We Navigate This Market?
The yield on the 10-year U.S. Treasury note spiked and equity indexes sagged Thursday, as St. Louis Federal Reserve President James Bullard said the Federal Reserve still has a lot of work to do before it brings inflation under control. That follows San Francisco Fed President Mary Daly’s remark on Wednesday that a pause in rate hikes was “off the table.” Meanwhile, the United Nations has brokered a deal that will get Ukrainian grain transiting the Black Sea safely, easing pressure on global food prices, and China’s COVID policy remains as opaque as ever. Andreas Steno Larsen welcomes Tony Greer, the founder of TG Macro and the editor of the Morning Navigator newsletter, to interpret recent Fedspeak and to talk about what’s happening in commodities markets. We also hear from Juliette Declercq about how the Federal Reserve can navigate a soft landing and why she’s focused on U.S. equities. Watch the full conversation between Juliette Declercq and Raoul Pal here: https://rvtv.io/3AoHkSt. Learn more about your ad choices. Visit podcastchoices.com/adchoices
17 Nov 202234min
Has the Buck Topped Here?
U.S. retail sales were up more than expected in October, posting the biggest month-over-month gain since February, but equity indexes struggled after Target posted disappointing third-quarter results and warned of a soft fourth quarter too. The yield on the 10-year Treasury yield declined, though the two-year/10-year curve inversion deepened on expectations the Federal Reserve will maintain a hawkish monetary course. The Atlanta Fed’s GDPNow tool currently shows 4.4% fourth-quarter growth. Marc Chandler, the managing director of Bannockburn Global Forex would take issue with that forecast: “The US economy is expected to struggle under the weight of past monetary tightening,” he notes, “and what we do not appreciate is the extent of fiscal tightening.” Marc joins Maggie Lake to talk about the big picture, how it’s reflected in currency pairs and global yields, what we should expect from the Federal Reserve, and why we should be skeptical of China. We also hear from Roger Hirst about the broader implications of a dollar pull-back. Watch the full Insider Talks episode featuring Roger Hirst here: rvtv.io/3AiGXJi. Learn more about your ad choices. Visit podcastchoices.com/adchoices
16 Nov 202233min
Is the Market Getting Ahead of Itself?
Softer-than-expected U.S. Producer Price Index data for October reinforced the hope that inflationary pressures are finally beginning to ease and fired a strong open for equities Tuesday morning. “Be patient,” advises Dale Pinkert, “and wait for pullbacks.” Pinkert, the head of trader development at TradeGateHub, joins Maggie Lake to talk about whether the trend has changed for the U.S. dollar and key levels to watch for the euro, precious metals, and soft commodities. We also hear from Dave Floyd of Aspen Trading Group about the technical indicators that guide his trading day. Watch the full conversation between Dave Floyd and James Helliwell here: rvtv.io/3AiGXJi. Learn more about your ad choices. Visit podcastchoices.com/adchoices
15 Nov 202235min
Is It Time To Take a Deep Breath?
U.S. equity indexes drifted into mildly positive territory two hours shy of Monday’s close, continuing to digest October’s Consumer Price Index data, relatively dovish words from Federal Reserve insiders, and the still-unraveling FTX situation. With inflation seeming to ebb as a global concern, President Joe Biden is in Bali for his first face-to-face meeting with President Xi Jinping. “I continue to maintain that China is a significant risk for global investors,” notes Komal Sri-Kumar. “That goes for both investors in that country as well as for global markets in general.” The founder and president of Sri-Kumar Global Strategies joins Weston Nakamura to talk about consequences of too-rapid a transition from overly accommodative to overly restrictive monetary policy and what comes next for the economy. We also hear from performance coach Denise Shull of The Rethink Group about how to manage emotion and maximize effective decision-making in high-stress situations. Watch the full conversation between Denise Shull and Maggie Lake here: https://rvtv.io/3E4p2XT. Learn more about your ad choices. Visit podcastchoices.com/adchoices
14 Nov 202241min
The Next Big Trade - Justin Huhn on Why We’re Going Nuclear
Justin Huhn, the founder of Uranium Insider, joins Harry Melandri for a compelling conversation about the resurgence of nuclear as a baseload power option and rising demand for uranium in the latest episode of The Next Big Trade. Never miss an episode of Next Big Trade - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices
13 Nov 202254min
My Life in 4 Trades - Anthony Scaramucci on Failure, Authenticity, and the Future of Crypto
Anthony Scaramucci has worked in two of the most pressure-driven environments in America – investment banking at Goldman Sachs and the communications shop in the White House during the Trump administration. And he’s seen and experienced all sorts of success and failure. In this episode of My Life in Four Trades, the founder and co-managing partner of SkyBridge Capital and chairman of the SALT Conference shares with Maggie Lake how his humble upbringing shaped his career and what it taught him about the value of authenticity. **NOTE - This interview was recorded on October 10th, 2022** Never miss an episode of My Life in 4 Trades - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices
12 Nov 202258min
So When Comes the Powell Pivot?
It appears that inflation finally eased last month, as the rate of underlying price increases excluding energy and food slowed from a 40-year high. And U.S. stocks are staging their biggest rally since 2020. Weston Nakamura welcomes Andreas Steno Larsen at the top of today’s Daily Briefing to break down October Consumer Price Index data and provide some context for today’s “melt-up.” Then, Weston and CrossBorder Capital CEO Michael Howell assess the broader investing climate, including the key issue driving price action: liquidity. “The next few months will be challenging,” Howell wrote in his most recent note to clients, “as recession hits earnings and central banks raise rates further.” Michael and Ash Bennington discuss “Everything You Need To Know About Liquidity” here: rvtv.io/3Eo5wah. Learn more about your ad choices. Visit podcastchoices.com/adchoices
10 Nov 202243min
The US Dollar: Where It All Begins
“We live in a world where the price of every key asset in the world is in U.S. dollars,” notes Darius Dale at the top of a recent tweet-thread explaining specifically what’s happening with crippled crypto exchange FTX and generally what happens during liquidity crunches. Meanwhile, Chinese economic data continue to deteriorate, despite low interest rates and high savings rates. Real Vision Global Markets Editor Weston Nakamura welcomes Darius, the founder and CEO of 42 Macro, to talk about the contagion potential of the FTX debacle, China’s liquidity trap, the global macro environment, and actionable signals on today’s Daily Briefing. We also share a clip from Jim Bianco’s appearance on today’s Real Vision Crypto Daily Briefing about the still-developing FTX story, with an emphasis on trust and centralization versus decentralization. Check out today’s Crypto Daily Briefing here: https://rvtv.io/3thr8yt. Learn more about your ad choices. Visit podcastchoices.com/adchoices
9 Nov 202242min
