Daily Briefing – August 18, 2020 – The Inflation Trade Just Caught Fire Again: Tony Greer
Senior editor, Ash Bennington, hosts Tony Greer, editor of The Morning Navigator Newsletter, to discuss the S&P 500 breaking record highs and the wild inflation trade. Tony considers where inflation is cropping up and how dollar weakness is connected to a dovish Fed. He also talks about the biggest market movers—bitcoin, FANG stocks, precious metals, and miners—and where the market may be headed should low interest rates persist. Ash and Tony explore what is happening in the housing market and what is influencing its activity. They top off their conversation by looking at the risks of momentum strategies to novice investors, ESG strategies catching fire, and Tony’s approach to position sizing. In the intro, Peter Cooper discusses the kick-off of the Democratic National Convention and the latest on CalPERS. Learn more about your ad choices. Visit podcastchoices.com/adchoices
18 Aug 202028min
Daily Briefing – August 17, 2020 – Goldman’s S&P Target By No Means Out of the Question: Max Wiethe
Senior editor, Ash Bennington, is joined by editor, Max Wiethe, to talk gold, stocks, housing, and New York. After Ash analyzes the dismal Empire Manufacturing reading, he and Max discuss the NAHB housing number and explore what it means for the future of New York as professionals flee big cities for the safety of the suburbs. Ash and Max then interpret Goldman Sachs' increase of its price target for the S&P 500, which leads into a discussion of the future of U.S. equities more broadly. Lastly, Ash and Max discuss the case for and against precious metals and emphasize understanding both sides of the trade. In the intro, Jack explores dislocations in the U.S. housing market, looks at Berkshire Hathaway's investment in Barrick Gold Corp, and gives a sneak peak for Tuesday and Wednesday for Real Vision's "Precious Metals Week." Learn more about your ad choices. Visit podcastchoices.com/adchoices
17 Aug 202035min
The Interview - The Dawn of Chaos w/ Hugh Hendry and Luke Gromen
The global economy had been running higher for over a decade, and the coronavirus has been a major speed bump. But what happens when central banks have replaced the airbag with a dagger? This is the very question that Hugh Hendry, founder and former CIO of Eclectica Asset Management, explores alongside Luke Gromen, president and founder of Forrest for the Trees. Hendry and Gromen explore the fate of the U.S. dollar through the lens of Charles Kindleberger's theory about "monetary hegemony."They analyze the various interest rates and current accounts of different countries and break down how these nations manage their exposure to commodity risk. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
16 Aug 20201h 11min
The Interview w/ Mike Green & Sri Thiruvadanthai - Policy Response to COVID-19 and the Fate of the United States.
Mike Green of Logica Capital sat down with Srinivas Thiruvadanthai, director of research at the Jerome Levy Forecasting Center, in the last interview to be filmed in Real Vision's studios before the world and our daily routines would be drastically changed by unforeseeable total lockdowns. A lot has changed since then, and in this new interview, they reexamine their outlooks with the advantage of fresh data. Together they discuss the side effects of policies like total lockdown, increased unemployment insurance, and PPP while also examining the social and economic undercurrents that, although accelerated by COVID-19, were established long before it arrived on our shores. Using historical parallels to the Roman Empire, Sri and Mike also think about their long-term outlooks for the U.S. and its currency, taking a view that the U.S. is not in its dying days. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
15 Aug 20201h 19min
Daily Briefing – August 14, 2020 – The Crypto Space Is The Best Trade In The World: Raoul Pal
Real Vision CEO, Raoul Pal, is joined by senior editor, Ash Bennington, to reflect on the current state of markets. Raoul and Ash discuss the upcoming “precious metals week,” and Raoul shares his views on gold, silver, and mining stocks and provides insight into his trading framework. Raoul and Ash then turn to cryptocurrency: Raoul analyzes Bitcoin’s risk/reward characteristics, and Ash details the technological breakthroughs of Ethereum 2.0 with Raoul maintaining it is the macro that is driving the extreme price action of this nascent asset class. In the intro, Jack gives a sneak peek of next week’s interviews on precious metals. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
14 Aug 202036min
Daily Briefing – August 13, 2020 – Private Portfolios Skewing Toward Long Duration Assets As Bond Proxies: Ed Harrison
Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to discuss secular stagnation, initial jobless claims, and the fiscal cliff. They begin by exploring Ed’s takeaways from his interviews with Milton Berg and Charlie McElligott, their contrarian stances, and how price signal distortion is pointing toward secular stagnation. Ed and Ash also parse the differences between seasonally adjusted and non-seasonally adjusted initial jobless claims and how the treatment of the data shapes the way an investor understands employment trends during the pandemic. They wrap up their discussion by considering USPS funding, the lapse in fiscal aid, and the significant political tail risks ahead for this election cycle. In the intro, Peter Cooper reviews the latest initial jobless claims numbers and the plight of essential workers. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
13 Aug 202036min
Daily Briefing – August 12, 2020 – Millennials Are Trading On Hype: Robert Leonard
Senior editor, Ash Bennington, joins Robert Leonard, VP of Growth and Innovation at The Investor’s Podcast Network, to discuss how novice and millennial investors are currently navigating the markets. Robert explains how the real economy and markets are currently disconnected and how that lays the foundation for a future market correction. He also dives into his investment framework and how he combines both value and momentum strategies. Ash and Robert wrap up their discussion by examining how novice and millennial investors tactically and philosophically approach markets, especially in the past few months, and what the potential ramifications of that will be for this demographic. In the intro, Peter Cooper shares how airlines and Disney are currently working to conserve cash flow in an environment of suppressed demand. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
12 Aug 202033min
Daily Briefing – August 11, 2020 – Why Aren’t Bond Yields Rising?
Senior editor, Ash Bennington, joins Tyler Neville to discuss secular stagnation and the financial chicanery happening in markets. With stocks rising above global GDP, Ash and Tyler consider how the increase in bond issuance has been electric all while yields aren’t rising. Tyler also argues how people look at markets through a political lens, but not a demographic lens, and how demographics can further shape an investor's understanding of what’s occurring. They also talk about the DXY in juxtaposition with the federal deficit, the relationship between spot gold and gold miners, and what the future holds for pension funds. Sponsor Link - Keep Coming Back : http://keepcomingbackpodcast.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
11 Aug 202033min
