It’s as Simple as Supply vs. Demand
All three major U.S. equity indexes were up more than 1% through midday Tuesday, as energy stocks hit a 52-week high relative to crude oil futures. That’s a data point Maggie Lake is sure to raise with Tony Greer, the founder of TG Macro, during today’s Daily Briefing, with reports that President Joe Biden is considering further sales from the Strategic Petroleum Reserve to offset critical supply shortages. Meanwhile, the Bank of England denied a Financial Times report that the central bank would delay its program of gilt sales, as fragmentation of monetary policy in response to economic pressures continues to roil bond and forex markets. Maggie and Tony will also talk about commodities, positioning, and the broader market trend. We also hear from Raoul Pal and Julian Brigden on the state of the real estate market. Pro Macro subscribers can watch the complete Insider Talks featuring Raoul and Julian here: https://www.realvision.com/shows/insider-talks/videos/macro-pro-insider-talks-october-2022-live-mXN3?tab=details. Learn more about your ad choices. Visit podcastchoices.com/adchoices
18 Okt 202236min
It’s a Broad-Based Up Day
“The U.S. Dollar Index is on the verge of actually looking weaker,” noted Dave Floyd around midday today. “Key levels are 112.50 and 112.21. A close below here and we’re looking at 109.64.” Is the prospect of a softer dollar sufficient to explain a near-4% rally for the Nasdaq Composite, a 3% gain for the S&P 500, and a 2% rally for the Dow Jones Industrial Average? Dave, the founder of Aspen Trading, joins Maggie Lake for today’s Daily Briefing to talk about today’s rally and what’s driving it, how he traded it, and using tools such as position-sizing to manage risk in a volatile market. We also hear from Brent Johnson about his “dollar milkshake” theory. Watch the full conversation featuring Brent Johnson and Ash Bennington here: https://rvtv.io/3gfDdkq. Learn more about your ad choices. Visit podcastchoices.com/adchoices
17 Okt 202233min
The Next Big Trade - The Godfather of MMT Explains It All
Warren Mosler, an American economist and entrepreneur, is perhaps the leading proponent of Modern Monetary Theory (MMT). But what is MMT? And how can it help us understand what’s happening at a macro level right now? Mosler explains it all to Harry Melandri on another riveting episode of The Next Big Trade. Learn more about your ad choices. Visit podcastchoices.com/adchoices
16 Okt 202252min
My Life in 4 Trades - How Bill Browder Took on Putin’s Oligarchs
There’s nothing ordinary about Bill Browder’s life. After earning an MBA from the Stanford Graduate School of Business in 1989, he moved to Russia with the intention of becoming the “biggest capitalist in Eastern Europe.” Bill’s dream manifested with the opening of the Hermitage Fund, which became the best-performing hedge fund in the world. In this captivating episode of My Life in Four Trades, the venture capitalist turned political activist joins Maggie Lake to share the distinct highlights and harrowing downsides to his success: taking on and taking down business oligarchs of the old Soviet republics, the tragic death of his lawyer Sergei Magnitsky, and his emergence as Vladimir Putin’s No. 1 enemy. Learn more about your ad choices. Visit podcastchoices.com/adchoices
15 Okt 202252min
A Break From the Whipsaw
The situation in the U.K. is going from bad to worse, with Prime Minister Liz Truss now in danger of losing her own job after firing her finance minister Kwasi Kwarteng and short-circuiting her own economic package mere weeks into her tenure. U.S. equities drifted lower Friday in the aftermath of Thursday’s historic reversal, as retail sales for September stagnated due to the effects of inflation. But the issue is the U.K. What the heck is going on? And is it merely the first sign of a major global economic crisis? Jim Bianco, the founder and president of Bianco Research, joins Ash Bennington to talk about the wild price action in U.S. equities, the sacking of the Chancellor of the Exchequer, and, as we head into the weekend, what to expect from traditional markets on Monday. And be sure to check out Real Vision’s newest series, The Collectors where we’ll emphasize the fun and the adventure of deploying your hard-earned money! You can watch the first episode here: https://rvtv.io/3ToL7Gu. Learn more about your ad choices. Visit podcastchoices.com/adchoices
14 Okt 202233min
Ask Me Anything w/ Raoul Pal
Real Vision Co-Founder & CEO, Raoul Pal, answers the internets questions and covers everything from macro & crypto to wine, scuba diving, food and art! Learn more about your ad choices. Visit podcastchoices.com/adchoices
14 Okt 20221h 6min
When There’s No One Left To Sell
Within three hours today, S&P 500 futures swung from a 3.9% decline to a 3.9% rally. “It's pretty incredible,” tweeted Jared Dillian shortly after noon, “to watch people get fooled by the market over and over again. It's not hard – when there's no one left to sell, they cover.” Weston Nakamura has a more global perspective on the reversal, noting that the U.K. and the pound as well as Japan and the yen still linger as potential crisis points. Jared raised an interesting point in today’s edition of The Daily Dirtnap: that we’re in “a bubble of bearish sentiment.” Weston and Jared join Maggie Lake to talk about the significance of today’s price action. The violent reversal was surely concerning, hardly the sign of a healthy market. Jared, Weston, and Maggie unpack the reaction to the most recent U.S. inflation data and what it means for central bankers and global financial markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices
13 Okt 202237min
The Fed Will Stick To Its Waste-Laying
The Producer Price Index for September came in hotter than expected, as investors brace for the Thursday morning release of Consumer Price Index data. Minutes to the most recent meeting of the Federal Open Market Committee reveal a central bank as determined as ever to “stay the course” toward “restrictive rates in the near term.” With cracks in the global financial system getting bigger by the day, Maggie Lake welcomes Cem Karsan, the founder of Aegea Capital Management, to talk about the significance of the monetary regime change and to answer one simple question: How do we play this volatility? We also hear from ZipRecruiter.com Chief Economist Julia Pollak about the enduring strength of the U.S. labor market. Watch the full conversion between Julia Pollak and Maggie Lake here: https://rvtv.io/3MoBEwJ. Learn more about your ad choices. Visit podcastchoices.com/adchoices
12 Okt 202239min
