Real Vision: Finance & Investing

DB- Mar22, 2021. Lyn Alden of Lyn Alden Investment Strategy returns to the Daily Briefing to update Real Vision’s Jack Farley to share her analysis on the prospects of U.S. Treasury bond yields, given the Federal Reserve’s decision to give exemptions to banks’ supplementary leverage ratio (SLR) expire, and its apparent aversion to yield curve control (YCC). Alden tells Farley that forthcoming head...

Real Vision Live Replays. It isn't hard to find data indicative of the madness that pervades the current market environment, but to Jim Grant, founder of Grant's Interest Rate Observer, no data point encapsulates this quite as clearly as the staggering $17 trillion of negative-yielding debt outstanding in the world. As an avid historian of interest rates, Grant argues that the only certainty is th...

The Interview. Because of their favorable structure, SPACs have become the vehicle of choice for founders and venture capitalists to bring private startups to the public market—even with the explosion of SPACs in 2020, we are already on record setting pace in 2021. In this interview with Mike Green of Logica Capital, Josh Wolfe of Lux Capital breaks down exactly why the SPAC structure is so favora...

DB-Mar19,2021. Despite today’s head fake in bonds (yields surged but quickly retreated from their peaks), this Friday marks the seventh consecutive week in which the U.S. 10 year Treasury yield has risen. Real Vision senior editor Ash Bennington hosts managing editor Ed Harrison and editor Jack Farley to analyze how the continued sell-off in bonds is impacting bank stocks, tech equities, and the U...

DB- Mar18,2021. Ramsey Smith, founder and CEO of ALEX.fyi, returns to Real Vision to share with managing editor Ed Harrison his economic outlook and his views on how the advent of COVID-19 has changed retirement portfolio construction as well as the nature of the annuities business. Smith notes that rising rates is good for the life insurance business because it is, like banking, a business that d...

DB-Mar 17,2021: Real Vision’s Jack Farley hosts managing editor Ed Harrison to break down the Federal Reserve’s Open Market Committee (FOMC) meeting and Fed Chair Jay Powell’s speech. Harrison and Farley interpret the Fed’s projections of GDP growth, inflation, as well as their “dot plot” of the future Federal Funds rate. Farley reviews the price action in bonds, gold, and the tech-heavy NASDAQ 10...

Crypto Wednesday: Mike Green, chief strategist and portfolio manager at Logica Capital, and Anthony Pompliano, investor at Pomp Investments, join Ash Bennington, Real Vision senior editor, to discuss their opposing views on Bitcoin. They each explain their views on Bitcoin—Pompliano makes the case for Bitcoin being a store of value that should be widely adopted and encouraged by the United States...

DB-Mar16,2021: Tony Greer of TG Macro joins Real Vision senior editor Ash Bennington to share his thoughts on how the gyrations in the bond market are affecting risk assets. With the market leaning toward a more inflationary regime, Greer charts his way higher for equities as he sees growth pick up and a cyclical rotation out of tech and into natural resource stocks. Bennington and Greer briefly i...

DB-Mar15,2021. Real Vision managing editor Ed Harrison and editor Jack Farley interpret the day’s market news. Farley breaks down the bullish price action in U.S. airlines as TSA throughput picks up and Delta’s CEO hints at a brighter future. Harrison distills the market noise into three clear narratives: inflation vs. deflation, end of cycle vs. beginning of cycle, and institutional investors vs....

Real Vision Live Replay: Segra Capital Management partner Arthur Hyde, CFA, and founder and portfolio manager Adam Rodman join Real Vision editor Max Wiethe to give an in-depth update on uranium. Hyde and Rodman provide a recap on the recent events in the sector and uranium's price movement, discuss why this is still a structurally undersupplied market, and share why interest in uranium is increas...

Eric Basmajian, founder and editor at EPB Macro Research, joins Lyn Alden of Lyn Alden Investment Strategy to break down his near-term outlook on the global economy as well his longer-term framework for macro investing. Basmajian notes that the growth rate in industrial output, the pick-up in demand for commodities, and a steepening yield curve indicate a growth pick-up. Alden and Basmajian explor...

The Interview: Steven Van Metre of Steven Van Metre Financial and Real Vision president Travis Kimmel discuss how bonds and gold perform during times of deflation and insolvency. After Kimmel shares his journey as an entrepreneur and a technologist to Real Vision’s president, he explains why he thinks insolvency poses a serious risk for the U.S. economy. He and Van Metre discuss why Treasury bonds...

DB-Mar12,2020.Real Vision CEO and co-founder Raoul Pal joins senior editor Ash Bennington to make sense of a bond market trying to regain its footing and a wobbling equity market vulnerable to an ignited dollar. Raoul argues that inflation is probably on the horizon but insists that it will be temporary cyclical, not secular. Raoul estimates that the Federal Reserve’s pledge to target maximum empl...

DB-Mar11,2021: Real Vision managing editor Ed Harrison welcomes James Bianco, president of Bianco Research, and Peter Boockvar, chief investment officer of Bleakley Advisory Group and editor of The Boock Report, to the Daily Briefing to analyze the ongoing gyrations in the U.S Treasurys market and how their future path will impact almost every asset class. Harrison notes the Dow Jones Industrial A...

DB-Mar10,2021. Real Vision editors Jack Farley and Max Wiethe analyze price action in U.S. equities as well as today’s print of the Consumer Price Index, which met but did not exceed expectations and indicates muted inflation. In the main segment, Jack speaks to Corey Hoffstein, co-founder and chief investment officer of Newfound Research. Using advanced quantitative modeling, Corey charts the rot...

Crypto Wednesday: Gavin Wood, co-founder of Polkadot and co-founder and CTO of Ethereum, joins Sebastian Moonjava, Real Vision associate crypto editor, to discuss Polkadot, Kusama, and the evolving crypto landscape. Wood explains that Polkadot was created to enable faster innovation in the blockchain space, reducing the amount of work necessary to start and secure a new blockchain and connect it t...

DB-Mar10,2021: Real Vision editor Jack Farley hosts managing editor Ed Harrison to process the astonishing resistance rally in technology and growth stocks with high duration such as Tesla ($TSLA), Peloton ($PTON), DocuSign ($DOCU) and Zoom Video ($ZM). Jack notes that Tesla posted the 3rd biggest daily return in the history of the company, and Ed interprets the pause in the U.S. Treasury sell-off...

DB-Mar8, 2021. As treasury yields continued their ascent today, big tech stocks such as Alphabet Inc ($GOOGL) and Apple Inc ($AAPL) joined growthy darlings such as Tesla, Zoom, and Peloton in today’s sell-off with the NASDAQ 100 closing today down 11% from its highs. Real Vision editor Jack Farley welcomes Tyler Neville, senior editor of Blockworks, to break down the ongoing rout from growth stock...

Real Vision Live Replay. Former Enron CFO Andy Fastow is infamous for his role in Enron's collapse; however, since serving his time and reflecting on his actions, he has turned over a new leaf, speaking about ethics and the problem of "legal fraud". In this interview with Quinton Mathews, managing member at QKM, Fastow argues that the biggest problem is the incredible number of loopholes that exis...

The Interview. Jason Wild, founder of JW Asset Management, sits down with Tony Greer, founder of TG Macro, to discuss his career journey from pharmacist to investor with a firm that oversees $1 billion through a mix of investments in pharmaceuticals and cannabis producers. Wild’s early success came from assembling Arbor Pharmaceuticals and later selling it to KKR in 2014 for a large profit. He use...

The Interview: How you feel about gold, bitcoin, the Fed, or MMT probably has to do with how you answer the question, "What is Money?" In this interview with Mike Green of Logica Capital, Rohan Grey, assistant professor of law at Willamette University, argues that money is a construct of the law and as such is rooted in the social contract. In addition to discussing the importance of understanding...

DB-March5, 2021. Real Vision senior editor Ash Bennington welcomes managing editor Ed Harrison and editor Jack Farley to make sense of today’s confounding price action. Growthy names plummeted alongside re-opening stocks like cruise lines and airlines, only for a sudden risk reversal to take place midday for all U.S. stock indexes to end the day deep in the green. Harrison and Bennington analyze t...

DB-Mar4,2021. Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, joins Real Vision managing editor Ed Harrison to break down today’s volatile price action in bonds and high beta stocks. Boockvar explains that Fed Chairman Powell’s dovish comments earlier in the day triggered another sell-off in bonds as the market, emphasizing their fear of inflationary pressures to com...

DB, Mar3, 2021: In the first segment, Lyn Alden of Lyn Alden Investment Strategy shares with Real Vision editor Jack Farley her thoughts on how the ongoing rout in U.S. Treasurys will amplify the rotation away from growth stocks and into cyclical stocks. Alden opines on how the Federal Reserve could aim to reassert control over the bond market, whether it be “Operation Twist” or yield curve contro...

Crypto Wednesday. Erik Voorhees, CEO and founder of Shapeshift.io, joins Raoul Pal, Real Vision CEO, to discuss Shapeshift, the transition to a digital currency world, and some of the most exciting projects in crypto. Voorhees shares that Shapeshift was created when he realized that, for the industry to grow, people needed an easy way to swap between digital assets. He believes that society is act...