Real Vision: Finance & Investing

Real Vision’s Andreas Steno Larsen has his eye on what he considers “the three main fundamental variables for the economy” — liquidity, inflation, and growth. Going into March, he’s observing the macro regime shifting once again, and he walks us through each of these variables to point to where it’s headed. Recorded on February 28, 2023. Learn more about your ad choices. Visit podcastchoices.com/a...

U.S. markets continue to chop as investors wonder whether the recent pain in banking was the the beginning of something bigger. On today’s special extended version of the show, Maggie Lake is joined by the co-founder and CEO of Real Vision Raoul Pal, Real Vision senior editor Andreas Steno Larsen, and David Mattin, editor of the “New World Same Humans” newsletter, for a full review of markets and...

The ECB raised key interest rates another 50 basis points and U.S. markets continue to rebound as large institutions come to the rescue of First Republic Bank. Maggie Lake is joined by Ed Harrison, senior editor at Bloomberg, and the man who started the original Daily Briefing at Real Vision back in 2020. Ed joins us on the show’s 3-year anniversary to talk about the banking crisis, the next asset...

U.S. markets sold off as fears of contagion in the banking sector have crossed the Atlantic. This morning, shares of Swiss banking giant Credit Suisse hit record lows after its largest shareholder, the Saudi National Bank, declined to add to its investment. Oil also took a spill, down nearly 6% as of this writing. On the market’s worst day since July 2022, Maggie Lake is joined by Julian Brigden o...

U.S. equities rebounded after yesterday’s SVB-driven rout, with cooling February CPI data easing investor anxieties of another interest rate hike. Maggie Lake is joined by Tony Greer, editor of the Morning Navigator, and Michael Howell, CEO of CrossBorder Capital. We’ll cover today’s price action and a short-term trader’s perspective with Tony, before hearing what Michael is watching in global liq...

U.S. markets saw more turmoil today as the fallout from Silicon Valley Bank’s failure continues to unfold. The Fed has stepped in to help depositors secure their funds from SVB and Signature Bank, and U.S. 2-Year Treasury yields endured the steepest decline since the stock market crash of 1987. Maggie Lake is joined by Daniel Lacalle, chief economist at Tressis, to give us a breakdown of the banki...

With an uncertain macro outlook for 2023, it may prove beneficial to investors to home in on the micro instead — and Eric Udoff, managing partner and co-CIO of Marlowe Partners, provides just that with his stock picks for this episode of 3 Ideas. Together, he and Real Vision managing editor Samuel Burke explore the long-term value opportunities Eric is seeing in golf, pet care, and semiconductors....

Recent data has shown the consumer made a comeback in the first month of the year, but as Andreas Steno Larsen reveals, that may be only half true. Watch this edition of Steno’s Signals to find out why seasonal adjustments may be sending misleading signs about how the economy is actually faring. Recorded on February 21, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The U.S. added 311,000 jobs in February while unemployment rose from 3.4% to 3.6%. That quickly became background noise though, as trouble in the banking sector sparked a massive selloff in yields. It didn’t take long for U.S. equities to follow suit. Ash Bennington is joined by Warren Pies, co-founder of 3Fourteen Research, to discuss whether regulators shutting down Silicon Valley Bank is a sign...

All eyes are on tomorrow’s jobs report as stocks struggle to hold their footing into the weekend. Maggie Lake is joined by James Davolos, portfolio manager at Horizon Kinetics, to discuss whether investors should continue allocating with another inflation wave in mind. Are the inflation winners still working, or is it time to look elsewhere? Plus, we hear from Alex Gurevich on why he remains stead...

Job openings declined in January, as Fed Chair Jerome Powell prepares the market for more rate hikes. But what are we missing? Maggie Lake is joined by Doomberg, editor of the self-titled Substack newsletter, to break down the action unfolding across the energy sector — specifically in coal, LNG, and nuclear power. Plus, we’ll hear from geopolitical expert Peter Zeihan on why Russia will never be...

In his Senate testimony this morning, Fed Chair Powell came out swinging saying that “the ultimate level of interest rates is likely to be higher than previously predicted.” U.S. equities tumbled in response, while bond volatility picked up. Maggie Lake is joined by Greg Weldon, CEO of Weldon Financials, to hear how he’s finding opportunities in gold, energy, agriculture, and short bonds. Plus, we...

With more rate hikes looming, the market is trying to find its footing. But is it safest for investors to just hold cash? Maggie Lake is joined by Real Vision’s Mike Coolbaugh, founder and CIO at Strom Capital Management, and Dave Floyd, founder of Aspen Trading Group, for a discussion on how to trade this price action and the broader macro landscape. As a discretionary macro trader, Mike will upd...

Ross Gerber has made headlines recently for calling out Elon Musk’s management of Tesla and for seeking a seat on the board. But in this episode of 3 Ideas, find out why he still thinks Musk is the visionary Tesla needs, and more importantly, why he’s bullish on the stock. Stick around to hear what other names Gerber likes and why China’s reopening is a major part of his bullish thesis. Recorded o...

The U.S. Consumer Price Index report for January showed that inflation cooled off only slightly — less than most economists’ expectations. Andreas Steno Larsen dives deeper into the numbers to find out whether U.S. inflation is, in fact, retreating. He also takes a step back to look at liquidity on a global scale as the Bank of Japan picks Kazuo Ueda to become its next governor. Recorded on Februa...

Federal Reserve officials this week warned of more upcoming interest rate hikes in light of recent U.S. economic data. Maggie Lake is joined by Dominique Dwor-Frecaut, senior macro strategist at Macro Hive, to discuss the market’s positive response to today’s ISM services data and why she thinks the Fed is falling behind against inflation. We’ll also review what our other Daily Briefing guests thi...

U.S. equities were relatively unchanged, but apparently they missed the message from the bond market. Across the board, U.S. Treasury yields are now over 4%, with a confluence of economic data in the States and Europe muddying the macro picture. Maggie Lake is joined by Tavi Costa, partner and portfolio manager at Crescat Capital, to hear why he believes this is the beginning of an exciting period...

Industrial metals bounced after strong economic data out of China, while U.S. equities logged another red day to start the month of March. Maggie Lake is joined by Michele “Mish” Schneider, the Director of Trade Education and Research at MarketGauge.com, to hear where she thinks this market is headed and how she’s playing everything from metals, energy, and agriculture to tech. Plus, we’ll hear fr...

U.S. Treasury yields added to their monthly gains and equities chopped along as investors weighed the consequence of tighter monetary policy for longer. Meanwhile, oil rallied 2% on more bullish news coming out of China. Maggie Lake is joined by Tony Greer, founder of TG Macro and the editor of the Morning Navigator, to hear his views on stocks, metals, an energy rotation, and the dollar breakout....

Tech stocks are leading U.S. equities higher as bond yields pull back — but not until after the 2-Year Treasury note hit its the highest level since January 2007. Maggie Lake is joined by Geo Chen, director of Three Quays Pte. Ltd. and the author of Fidenza Macro, to hear how bond market volatility and global liquidity dynamics are moving markets. Plus, we’ll hear from Simplify chief strategist Mi...

The legendary investor Mark Ritchie walks us through his life, from his early years growing up in Afghanistan to the Chicago Board of Trade to meeting his future wife, and how it all ties into his trading philosophy. He also shares a famous quote — attributed to Mark Twain — that has greatly influenced his life both on and off the trading floor: What are the two most important days in your life? "...

The energy sector has been the weakest performer in the U.S. equity market over the past month, despite China ending its zero-covid policy. So, what’s going on with everyone’s favorite sector of 2022? Andreas Steno Larsen lays out the bearish case for oil and gas and offers his take on what commodities you should be buying instead. Recorded on February 8, 2023. Learn more about your ad choices. Vi...

U.S. stocks tumbled and treasury yields jumped after data showed the Federal Reserve’s favored measure of inflation- the core PCE price index- rose more than expected last month. Jim Bianco, President of Bianco Research joins Maggie Lake to talk about the current battle with inflation, how the Fed is handling the fight and what’s coming later in 2023. In the second half of the show, we’ll dive int...

U.S. equities continue to chop after falling from the recent highs, as investors weigh recent Fed comments and conflicting economic data. Maggie Lake sits down with the Dale Pinkert, head of trader development at TradeGatehub, to help us understand the many factors driving price across asset classes. Plus, we’ll hear from Andreas Steno Larsen on why he thinks a U.S. recession is coming in the seco...

After the worst trading day in 2023, the U.S. stock market is hovering relatively unchanged following the release of this afternoon’s FOMC minutes. The minutes confirmed that most Fed members are on board with the continued fight against inflation. Maggie Lake sits down with Michael Kao, the CEO of Akanthos Capital Management, to discuss the price action, his outlook for the global economy, and wh...