Real Vision x Sui: What Is Web3 and Why Does It Matter? (Episode 2)

DB-April6, 2021: Tommy Thornton, founder of Hedge Fund Telemetry, joins Real Vision senior editor Ash Bennington to discuss Coinbase, Archegos’s implosion, and the overall state of U.S. equities. After reviewing Coinbase’s earnings, Thornton discusses his bullishness on their upcoming direct listing, a gesture that he considers validating for the crypto space and will become the biggest deal of the year, and he shares his plans to buy in and how he’ll build the trade. Thornton also explores what he’s seeing in U.S. equities such as a FAANGs experiencing a rally and the S&P 500 displaying exhaustion signals as well as daily sentiment reaching 90%. In light of Archegos’s leveraged blow-out last week and its ripple effect on the market, he provides his perspective on what happened and why this is significant. Finally, Bennington and Thornton tackle the rise in Treasury yields and other various catalysts that currently lie dormant such as the vaccine rollout, the reopening of the economy, and the potential problems going forward for the labor market. For Our Listeners: For the special offer for Thornton’s research service, Hedge Fund Telemetry, use coupon code “stonks” here: https://www.hedgefundtelemetry.com/checkout/. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Apr 202141min

DB-Apr5,2021: Troy Gayeski, co-chief investment officer of SkyBridge Capital, joins Real Vision’s Jack Farley to break down how he thinks the rapidly changing economic and financial landscape is affecting his outlook for fixed-income, equities, and Bitcoin as well as hedge fund strategies such as long/short equities and convertible bond arbitrage. Gayeski argues that rising yields render much of the fixed-income world unattractive but that pockets of opportunity exist in structured credit, which is more immune to interest rate risk. He argues that Bitcoin is attractive to institutional allocators as a way to get exposure to central bank balance sheet expansion and explains why Bitcoin now comprises a double-digit percentage in SkyBridge’s portfolio. Gayeski also shares his views on macroeconomic variables such as inflation, growth, and interest rates as well as his take on the ongoing rotation from growth stocks into value equities. Learn more about your ad choices. Visit podcastchoices.com/adchoices

6 Apr 202137min

Real Vision Live Replay: Jim Chanos recently remarked that we are in a golden age of fraud, highlighting that companies trade unaffected by credible public accusations for years before it finally catches up to them. But even after the house cards collapses, the executives in charge of these companies often go unpunished and shareholders are left holding the bag. In America, this wasn’t always the case. Pulitzer prize winning author and senior reporter and editor at ProPublica, Jesse Eisinger, penned the definitive historical account of this devolution in his book "The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives" and in this first installment of a series of interviews focussed on white-collar crime and its affects on markets with Quinton Mathews, managing member of QKM, the pair reexamine this history to explore how we got from regulatory institutions dishing out multi-year sentences in the Enron scandal to almost no prison time or charges being filed against bank executives in the GFC and the potential actions needed to remedy this broken system. Recorded on October 14, 2020. Key Learnings: Eisinger and Mathews highlight the hollowing out of the regulatory bodies charged with investigating and prosecuting these crimes and the misaligned incentivizes for ambitious young attorneys as the biggest problems. They concluded that increased funding for regulators and diversity in hiring of prosecutors are some of the many changes need to improve the system. Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Apr 20211h 1min

The Interview: David Rosenberg, chief economist and strategist at Rosenberg Research Associates, believes that there will be a recovery—but not one nearly as robust as the market is currently pricing in. In this interview with Ed Harrison, Rosenberg argues that this is the result of a freshly increased debt overhang, lingering unemployment, and shifts towards saving and away from spending as a result of the psychological scarring of COVID. Rosenberg also outlines his investment ideas that result from this view, namely long bonds, gold, "utility-like growth", and emerging markets in Asia like China and India. Recorded on February 1, 2020. For Our Listeners: You can get a free 30-day trial to Rosenberg Research here: https://bit.ly/3pQ4nyB. Protect your portfolio and join 130,000 members by signing up at masterworks.io with promo code REAL VISION today to skip the waitlist. See important information at masterworks.io/disclaimer Learn more about your ad choices. Visit podcastchoices.com/adchoices

4 Apr 20211h 8min

The Interview: If central banks and governments unite to debase their money and depreciate their currency, will the long-awaited inflation finally arrive? And if it does, how can investors position themselves to not only protect their portfolio—but in fact grow their wealth—in this inflationary environment? Russell Napier, preeminent investment strategist, joins Stephen Clapham of Behind the Balance Sheet to answer these two critical questions. Napier makes his case for why inflation is indeed on the horizon, discussing everything from rent controls and yield curve capping to credit rationing and pricing power, and then he and Clapham explore the various investments that have a favorable risk/reward profile should Napier's thesis prove correct. Recorded on February 4, 2021 Key learnings: Napier sees favorable opportunities in companies that can secure easy debt financing, value stocks whose pricing power varies with inflation, and countries with low debt-to-GDP ratios such as Singapore. For our Listeners : Protect your portfolio and join 130,000 members by signing up at masterworks.io with promo code REAL VISION today to skip the waitlist. See important information at masterworks.io/disclaimer Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Apr 20211h 4min

DB-Apr2,2021: Real Vision senior and crypto editor Ash Bennington welcomes Real Vision editors Max Wiethe and Jack Farley to the Daily Briefing. They discuss the Nonfarm Payrolls data, which significantly exceeded expectations, and interpret what this means for the U.S. economy, stocks, and bonds. They look at the corresponding sell-off in U.S. Treasurys today and the surge in S&P 500 futures (the U.S. stock market is officially closed). Lastly, they cover the surge in Ethereum and altcoins. Learn more about your ad choices. Visit podcastchoices.com/adchoices

3 Apr 202158min

DB-Apr1,2021: Tyler Neville, senior editor at Blockworks, and Real Vision’s Jack Farley briefly look at the S&P 500’s breach beyond 4000 as bond yields retreat and the dollar marches higher. Tyler also interprets recent currency volatility, examining the U.S. dollar’s recent strength against the Euro, Japanese Yen, and Chinese Yuan. Tyler and Jack then turn to the bond market, analyzing how rising yields have taken down an otherwise triumphant credit market. Tyler notes that the 60/40 is severely weakened by ultra-low yields and argues that Bitcoin could be a serious replacement to bonds. Jack and Tyler discuss other assets within crypto such as non-fungible tokens and assets within decentralized finance (DeFi) before taking another look at the Archegos liquidation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Apr 202135min

DB-Mar31,2021: Real Vision editor Jack Farley welcomes Real Vision’s Weston Nakamura and Max Wiethe to the Daily Briefing. After briefly analyzing the day’s price action (U.S. equities surged as Treasury yields rose), they analyze the forced liquidation of Archegos Capital. Weston provides insight into the mechanics of the over-the-counter derivatives that were involved in the blow-up as well as big banks such as Goldman Sachs, Nomura, and Credit Suisse that were prime brokerages to Archegos Capital. Learn more about your ad choices. Visit podcastchoices.com/adchoices

31 Mars 202139min