Real Vision: Finance & Investing

U.S. equities are tumbling as the 10-Year Treasury yield rose to 3-month highs as investors wory about interest rates ahead of tomorrow’s FOMC minutes reveal. Maggie Lake is joined by Jared Dillian, editor of the Daily Dirtnap to discuss current market sentiment, which direction he sees markets heading in the short-term, the apparent re-rating of risk happening in bond markets, and where he’s look...

In this three-way conversation, Raoul speaks with Mark and Tim on the currency that we should prioritize higher-- time. In his Master Class, Mark Hart mentions Tim Ferriss as a friend and lifestyle design advisor. A master of meta-learning, Tim discusses easy ways to optimize your productivity, why we confuse the goal of 'having money' with 'quality of life', and explains what happens when we re-e...

Andreas Steno Larsen explains why China’s reopening is a negative for last year’s market darling, India. Plus, he gives an update on U.S. dollar liquidity and a sneak peek into his new show, Buy-side Meets Sell-side, available to Plus members starting on Friday. Recorded on January 31, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

U.S. stocks are sliding into the weekend, as investors contemplate the risk of sticky inflation and soaring U.S. Treasury yields. Dr. Komal Sri-Kumar, president of Sri-Kumar Global Strategies, joins Maggie Lake to break down the latest price action and discuss the monumental task facing the Fed. This is another extended Friday edition of the show, and in Part 2 Dr. Sri-Kumar will explain what’s dr...

U.S. producer prices (PPI) rose 0.7% in January, calling into question the prevailing disinflation narrative for the second time this week. Maggie Lake is joined by Peter Boockvar, the CIO of Bleakly Advisory Group, to help break down all the latest inflation data and discuss the Fed’s chances at navigating any sort of soft landing. We’ll also hear from Andreas Steno Larsen on why it’s so importan...

U.S. retail sales numbers came in much stronger than expected after yesterday’s still-sticky inflation print. The stock market remains range-bound as investors consider the next directional catalyst. Imran Lakha, founder of Options Insight, joins Andreas Steno Larsen for a look under the hood at what’s driving the price action. Imran is an options expert, so he’ll share why volatility has collapse...

U.S. inflation rose 6.4% YoY last month, down from 6.5% in December but above expectations while monthly inflation rose 0.5% — the biggest increase in 3 months. Stocks largely shrugged in response, as markets remain relatively unchanged. Elsewhere, oil futures are down after the U.S. government announced it would release more crude from its Strategic Petroleum Reserve to help alleviate concerns ov...

U.S. equities pushed higher as investors look ahead to tomorrow morning’s U.S. CPI print. Ash Bennington sits down with Dave Floyd, founder of Aspen Trading Group, to discuss today’s price action and how Dave is positioning ahead of the January inflation data. Plus, Weston Nakamura will join the show with an update on what a new governor at the BOJ means for global markets, why the yen is slipping...

In this 90-minute AMA-style show, the Morning Navigator’s editor, Tony Greer, will answer your questions directly and offer unique insights about the current macro landscape. It’s your chance to get a unique moment with TG and learn what drives his thoughts on the markets. Grab a beer or a drink and tune in for a relaxed and conversational experience with Tony, while learning from one of the indus...

Following a speech last week by FOMC member Christopher Waller, Andreas Steno Larsen presents what he calls the “Waller Rule,” which suggests that QT will either need to slow or pause if USD reserves become equal to 10-11% of U.S. GDP. He then breaks down why this potential scenario might be bad news for risk assets in the second half of 2023. Recorded on January 24, 2023. Learn more about your ad...

All three major U.S. equity indices are poised to clock in losses this week as investors brace for the latest CPI print due next Tuesday. So, are investors starting to think talk of a soft landing is overdone? George Goncalves, head of U.S. macro strategy at MUFG Securities, thinks it is. In this special extended Daily Briefing he joins Andreas Steno Larsen to unpack the week’s market action and t...

U.S. equities gave up early gains and yields pushed higher as investors assess mixed earning results and economic data ahead of next week’s January CPI print. Despite the late selloff in stocks, a weekly survey from the American Association of Individual Investors showed that investors are net bullish for the first time in nearly a year. Jared Dillian, the editor of the Daily Dirtnap, joins Maggie...

Federal Reserve board members continue to call for more rate hikes, a day after chairman Jay Powell reaffirmed the central bank’s commitment to higher interest rates. Markets are eager to be free of the shackles of inflationary forces and quantitative tightening, but Vincent Deluard of the StoneX Group sees the bright side of this bear market. He joins Ash Bennington to explore how this painful ma...

In today’s session at the Economic Club of Washington, chairman Jay Powell said the ‘disinflationary process’ had begun, but the Fed will likely need to continue raising interest rates to bring inflation down further. Powell’s comments sent risk assets swinging this afternoon, but overall markets remain relatively flat. Dale Pinkert, head of trader development at TradeGateHub, joins Maggie Lake to...

U.S. equities are flat-to-down and yields are pushing higher as many investors reconsider how the Fed may be forced to act following Friday’s strong jobs data. With uncertainty abound, Mike Alfred, managing partner of Alpine Fox LP, joins Maggie Lake to share his macro outlook and the value opportunities he’s spotting in this volatile market. Plus, we’ll hear a clip from Real Vision's new series,...

When the U.S. breaches its debt limit, the Treasury will be forced to inject new liquidity into financial markets using various accounting gimmicks. Andreas shares how this extra cash flow could affect various asset classes and explores the potential multiple and ugly ramifications of this nightmare scenario. Recorded on January 17, 2023. Learn more about your ad choices. Visit podcastchoices.com/...

Today’s jobs report packed a serious punch, showing that 517,000 new jobs were added in the U.S. in January — far above median estimates — and bringing unemployment down to a 54-year low of 3.4%. Equities and bonds are selling off on the news. According to Spectra Markets’ president Brent Donnelly, a soft landing is just one of 5 possible macro narratives that could win out. Brent joins Maggie Lak...

U.S. equities continue to see broad gains in intraday trading after yesterday’s conference with Federal Reserve Chair Jay Powell, who announced a 25-basis point rate hike. Today, both the European Central Bank and the Bank of England hiked rates by 50 basis points. RTM Capital Advisors CIO Mark Ritchie II sees this as further proof of a new bull market. He’ll join Maggie Lake to unpack this “Run o...

The Federal Reserve approved a much-anticipated quarter-point interest rate hike this afternoon — and suggested that another rate rise could be coming next — in its continued battle to tame inflation. And while the central bank’s statement reiterated that “ongoing increases in the target rate will be appropriate,” futures markets are still pricing in a rate cut by the end of 2023. In his press con...

U.S. stocks made gains on Tuesday, closing the month of January on a positive note. Meanwhile, the U.S. housing market fell for the fifth straight month and is down 2.5% from its peak in June 2022. But that didn’t stop homebuilders from rallying today. Ash Bennington is joined by Tony Greer, the editor of the Morning Navigator, to discuss that surprising price action and give us an update on where...

U.S. equities are down to start the week as investors look forward to the Fed’s next interest rate hike decision on Wednesday. As we progress through earnings season, large-cap tech is under the spotlight, with Apple, Google, Meta, and Amazon reporting this week. Maggie Lake is joined by Eric Jackson of EMJ Capital to discuss the current tech rally, whether it’s sustainable, and how long it could...

In this inaugural episode of Looking for the Upside, Andreas Steno Larsen and Mark Nelson, managing director at Radiant Energy Group, explore opportunities in nuclear power and uranium for 2023. Mark walks us through the investment case, while Andreas offers ways to play it (wait for the end). The goal is for you to walk away wanting to explore this topic further or decide it’s not for you. Enjoy....

China bids adieu to zero-COVID this week after its borders reopened, and investors are flocking in to capitalize on these long-awaited trading opportunities. Andreas takes a step back to examine the Chinese economy as it currently stands and digs into how the reopening may affect prices across various asset classes. Recorded on January 10, 2023. Learn more about your ad choices. Visit podcastchoic...

According to the latest PCE price index data out this morning, U.S. households reduced their spending in December, bolstering the argument that an economic slowdown is near. Stock markets rallied on the news, as investors assume that the Fed will begin to slow its interest rate hikes. Mish Schneider of MarketGauge.com and Harry Melandri of MI2 Partners are here to explore whether this market is pa...

U.S. economic growth rose 2.9% in Q4 2022, down 0.3% from the prior quarter but stronger than forecasts. Markets rallied on the news, as some investors saw cooler-but-growing GDP as proof that a soft landing may be possible. Andreas Steno Larsen joins Maggie Lake to explore some mysterious data contradictions now popping up — and why a recession may have started many months ago. Then, Francis Gann...