What Goes Up

Victoria Greene, founding partner and chief investment officer at Texas-based G Squared Private Wealth, joined the latest episode of “What Goes Up” to discuss the mood of clients and why she thinks the 2022 market selloff isn’t over yet. “Not to sound like a snob, but I need a solid panic,” she says. “We just haven’t seen that solid, absolute cap...

Daniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience to Vladimir Putin? “I started to ask a question, I mentioned the word ‘shale,’” he recalls, referring to a once-unconventional source of oil and natural gas that by then was flowing freely in the US “And h...

As the Federal Reserve’s efforts to tame inflation roil both stocks and bonds, investors everywhere are struggling to figure out the best way to play defense in markets amid concerns that a recession is on the horizon. One of the top executives at Goldman Sachs Asset Management has a surprising idea: Beyoncé. Katie Koch, the chief investment officer for public equities at GSAM, quips...

The U.S. Federal Reserve’s effort to tame inflation with aggressive interest-rate hikes has some investors worried that a recession is inevitable, leading to a plunge in stock prices this year. Not so fast, says Jeremy Zirin, senior portfolio manager and head of private client U.S. equities at UBS Asset Management. Zirin joined the latest episode of What Goes Up  to discuss his outlook...

Former Federal Reserve Chairman Alan Greenspan famously used the phrase “irrational exuberance” to describe the euphoric investor sentiment that sent tech stocks soaring in the late 1990s. And everyone knows what happened next, when that exuberance wore off. Now, history is repeating itself when it comes to some of the disruptive and innovative companies that were market darlings durin...

Investors have a lot to worry about: Russia’s war on Ukraine, inflation, Covid-19 and China’s lockdowns reigniting supply-chain woes— the list goes on. As a result, many money managers have ratcheted down their expectations for stock returns this year. But what if fears of a possible U.S. recession are overblown, and the second half turns out better than expected? Given still-str...

It’s been difficult for even the most-seasoned veterans to discern a market message right now. Oil’s up one day and stocks fall. The next day, crude prices rise and so do stocks. Or bonds rally, and so do equities, and then the reverse happens just a few days later. Peter van Dooijeweert, managing director of multi-asset solutions at Man Group, joined this week's "What Goes Up" podcast...

Adam Posen, president of the Peterson Institute for International Economics, joined this week’s “What Goes Up” podcast to discuss how Russia’s invasion of Ukraine threatens to further separate the world’s economies, and how a 20-year-long backlash to globalization is causing the U.S. to fall behind.  See omnystudio.com/listener for privacy information.

David Bianco, chief investment officer of the Americas for fund manager DWS Group, joined the “What Goes Up” podcast to discuss his cautious near-term outlook for the stock market: “We're quite concerned about the longevity of this cycle. I feel as if this cycle has aged quickly. It's aged mostly from very high inflation, much earlier than you typically see in the first couple of years of a new ec...

Dave Olsen, president and chief investment officer of Jump Trading Group, joined this week’s “What Goes Up” podcast to discuss his firm’s investment in cryptocurrency markets, and why it spent $320 million to rescue a project called Wormhole after hackers made off with 120,000 tokens known as “wrapped Ether.”  See omnystudio.com/listener for privacy information.

The Federal Reserve raised interest rates by a quarter percentage point and signaled that six more such increases are likely this year—essentially fulfilling what markets were already pricing in. Bloomberg’s Edward Harrison and Ben Emons of Medley Global Advisors join this week’s “What Goes Up” podcast to discuss the ramifications of the expected Fed move for financial markets. See omnystudio.com/...

The OPEC+ oil cartel may not ramp up oil production enough to offset the loss of Russian supply that has sent crude above $100 a barrel, according to Javier Blas. Blas, the co-author of “The World For Sale: Money, Power, and the Traders Who Barter the Earth’s Resources” and a Bloomberg Opinion columnist, joined this week’s “What Goes Up” podcast to discuss the global energy supply shock. One highl...

When assessing what a political leader is going to do, Marko Papic doesn’t pay much attention to what the person’s desires are. Instead, he looks at what he calls “material constraints.” In other words, what factors will limit the leader’s ability to get what he or she wants. To Papic, the chief strategist at hedge-fund seeding firm Clocktower Group, Russia’s Vladimir Putin is ignoring his materia...

Meltem Demirors, chief strategy officer at CoinShares International Ltd., joined the “What Goes Up” podcast to discuss this year’s collapse in cryptocurrencies and how traditional financial institutions are growing more comfortable with the asset class’s volatility. See omnystudio.com/listener for privacy information.

Peter Atwater, the consultant and finance professor who coined the phrase “K-shaped recovery” to describe the rebound from the 2020 recession, joined the “What Goes Up” podcast to discuss how a wide disparity in consumer confidence could affect the economy and markets. One thing that’s caught his eye lately: A troubling move out of stock-market investing and into online gambling among young people...

We’ve all heard it a million times: stocks got really expensive in the post-financial crisis bull market, especially when looking at cyclically adjusted valuation metrics that include corporate earnings over the past decade. But what should investors do with that information? Victor Haghani, founder and CIO of Elm Wealth — and one of the founding partners of Long-Term Capital Management — joins th...

Crypto was red-hot in 2021 — so much so that it spawned a whole ecosystem of related products, including the first Bitcoin futures exchange-traded fund in the U.S. But can companies maintain enthusiasm for the growing industry as prices tumble in the new year? Hany Rashwan, co-founder and CEO of 21Shares, a provider of crypto exchange-traded products, joins this week's "What Goes Up" to talk about...

The balanced-portfolio strategy known as risk parity, which typically relies on investing in both stocks and bonds, needs to adapt as both asset classes come under pressure in a rising-rate environment, according to Max Gokhman, the chief investment officer at AlphaTrAI Inc. Gokhman joined the "What Goes Up" podcast to discuss this and other current market topics, as well as how his firm is applyi...

Morgan Stanley’s Andrew Slimmon joined the “What Goes Up” podcast to discuss how loading up on cyclical stocks helped the MSIF U.S. Core Portfolio mutual fund that he co-manages post a 36% return in 2021, and how he’s reluctant to buy the dip in high-growth stocks because “once the fever breaks, it lasts a long time.” See omnystudio.com/listener for privacy information.

Technology stocks have gotten clobbered this year, and investor attention has focused on rising interest rates as the reason behind it. But that’s not the whole story, says Bloomberg Intelligence Chief Equity Strategist Gina Martin Adams. On this episode, she helps dissect the shifting leadership in the U.S. stock market and shares her thoughts on an upcoming earnings season that—thanks to inflati...

Wells Fargo’s head of equity strategy Chris Harvey joined the “What Goes Up” podcast to discuss why he’s predicting a 10% market correction by the summer and share his thoughts on the volatility that followed this week’s Federal Reserve meeting minutes.  See omnystudio.com/listener for privacy information.

It was another winning year for John Authers’s Hindsight Capital LLC! The Bloomberg columnist and senior editor joined this week’s “What Goes Up” podcast to discuss how it only took a little imagination – and a lot of hindsight – to make some triple-digit winning trades at his make-believe hedge fund. See omnystudio.com/listener for privacy information.

Bloomberg’s managing editor for cryptocurrency coverage, Stacy-Marie Ishmael, joined this week’s “What Goes Up” podcast to discuss the wild year in crypto and what she’ll be watching going into 2022. See omnystudio.com/listener for privacy information.

UBS Asset Management strategist Luke Kawa joined this week’s “What Goes Up” podcast to discuss his team’s outlook for 2022, as well as the market’s reaction to plans by the Federal Reserve to reduce asset purchases and eventually raise interest rates. See omnystudio.com/listener for privacy information.

FTX is a phenom in the world of crypto exchanges. The company has grown tremendously since its inception a few years ago. This week, Sam Bankman-Fried, founder and chief executive officer of the cryptocurrency exchange, testified to Congress about how the space should be regulated. The next day, Bankman-Fried and FTX US President Brett Harrison joined Bloomberg’s “What Goes Up” podcast to talk abo...