The Weekly Wrap-Up: October 20, 2024

Real Vision senior editor Ash Bennington is joined by managing editor Ed Harrison for a special edition of the Daily Briefing. Ed gives an update on his thesis, now that U.S. and European equities have continued to tumble, and analyzes how the halting of economic activity in Europe will likely cause a double dip recession that is very bad for risk assets. Ash breaks down the COVID-19 data on cases, deaths, and hospitalizations, and he and Ed look forward to see whether this past six months of economic recovery is nothing more than an “interregnum” or a “head fake.” Recorded on Oct 28, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

28 Okt 202035min

Senior editor Ash Bennington welcomes Tony Greer of TG Macro back to the Daily Briefing to make sense of price action in equities, bonds, currencies, and commodities. Tony reviews Monday’s rout in U.S. stocks and corresponding pop in the VIX, and explores why FX volatility was so low. He and Ash then discuss Bitcoin’s surge upon the news that Paypal is allowing bitcoin transactions on its platform. They look at durable goods orders, oil, gold, as well as investigating how big central bank balance sheets might get going forward. Lastly, Tony shares his view on how the upcoming U.S. Presidential election might affect markets. In the intro, editor Jack Farley looks at home sales, mall foreclosures, and “lender-on-lender” violence in the credit markets. Recorded On: Oct 27 , 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

27 Okt 202030min

Senior editor, Ash Bennington, joins managing editor, Ed Harrison, to talk through the social, political, and economic ramifications of the various U.S. presidential election outcomes in tandem with the risk of a more forceful and perhaps lethal second wave of COVID-19. Ash and Ed discuss how the policy outcomes in a Biden administration are more limited than what a Trump administration would be such as the fate of FAANG and Trump’s recent executive order regarding the dismissal of civil servants. They also consider what would happen to stimulus after the election, how markets have priced in a blue wave and how the outcome could be deviations away from expectations, and what the policy response might be to a rise in hospitalizations. Ed also explains the impact the hysteresis effect could have on the economy and consumers as well as how that may lead to more durable consumption changes post-COVID. Real Vision reporter Haley Draznin analyzes China’s Ant Group raising $34 billion, making it the largest IPO in history. Filmed on Oct 26, 2020 Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Okt 202040min

Real Vision CEO, Raoul Pal, breaks down the events leading to the recent tidal wave of interest in Central Bank Digital Currencies. He touches on the various crises that have encouraged the rampant printing by central banks and the destructive consequences this has left in its wake. Touting Bitcoin as the unkillable “cockroach of finance” and the life raft for this transitional period in history, Raoul sees CBDCs as the killer of stable coins and the start of a new era in the world of monetary and fiscal policy - the first major steps of technology eating the traditional finance world. Pal says that all of the macro signals are pointing towards a major shift in how the system is run. He cites the allowance of banking custody for crypto assets by regulators, major corporate treasuries investing in Bitcoin, and new types of banks, such as Kraken, all as pivotal events in the coming shift to a digital asset world. Filmed on October 18, 2020. Aired on October 19, 2020 Reserve your spot for Real Vision Crypto launching soon... http://rvtv.io/CryptoTierLaunch Learn more about your ad choices. Visit podcastchoices.com/adchoices

25 Okt 202037min

Are charter schools a wise addition to your investment portfolio? Charter schools receive less public funding from local and state taxes and federal programs than their district school counterparts, so they seek private funding in efforts to be able to operate to their fullest capacity. Programs like the New Market Tax Credit (NMTC) and opportunity zones provide several incentives for holding investments in charter schools. This type of impact investing also pays back in good deed as investors in charter schools have the satisfaction of knowing that their investments better education for America’s children. Eva Moskowitz, founder and CEO of Success Academy, the largest and highest-performing free, public charter school network in New York City, opens up about how she is reimagining public education and how the network has had to adapt to remote learning amid the coronavirus pandemic. Filmed on October 15, 2020. Learn more about your ad choices. Visit podcastchoices.com/adchoices

24 Okt 20201h 5min

Real Vision CEO, Raoul Pal, arrives to the Daily Briefing frothing at the mouth with Bitcoin bullishness. Senior editor, Ash Bennington, tries in vain to contain Raoul’s enthusiasm, but with Bitcoin up over 20% this month, Raoul’s zeal simply cannot be restrained, and he proceeds to go at length about how this asset will become a global reserve asset as the world moves along an adoption curve of trust. Raoul and Ash proceed to discuss the ongoing progress to make crypto-assets easier to own for RIAs and institutional investors, and Raoul reflects on the relative risk/reward profile of bitcoin at a time with record low bond yields and a stock market at all-time highs. In the intro, editor Jack Farley breaks down the new Frankenstein of the fixed income world: the CLO ETF. Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Okt 202043min

Managing editor, Ed Harrison, talks to Peter Boockvar, chief investment officer of Bleakley Advisory Group, about some of the most recent macroeconomic data releases such as jobless claims and existing home sales and what they portend for the economy. Boockvar also explains why recent comments from the Fed and the level on the 10-year Treasury bond matter. Real Vision reporter Haley Draznin analyzes the surge in corporate bonds as companies have done so much refinancing in one year and she looks at the new jobless claims out today which are at the lowest level since the coronavirus pandemic hit in March. What this means: The macro is telling Boockvar to watch for an uptick in cyclical inflation and he’s using it in conjunction with bottoms-up analysis to build a portfolio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

22 Okt 202037min

Senior editor, Ash Bennington, joins Jared Dillian, editor of The Daily Dirtnap, to discuss the art of portfolio construction and his current outlook on markets. Dillian shares his thoughts on why investors whose sole focus is on returns fail and how to structure a portfolio that properly accounts for risk. He also breaks down how he gets exposure in real estate as well as how he’s thinking about the implications of the Fed backstopping the credit markets. Dillian also covers his thoughts on Bitcoin, time horizons, U.S. election outcomes, and trend following. In the intro, Real VIsion’s Nick Correa share the latest CEO confidence numbers and the next big, potential SPAC deal between Michael Bloomberg and Bill Ackman. Learn more about your ad choices. Visit podcastchoices.com/adchoices

21 Okt 202034min