Real Vision: Finance & Investing

Maggie Lake is joined by, Nadian Terman, CEO & CIO of Solstein Capital, who breaks down what she thought of yesterday’s Fed decision and what the knock-on effects it may have on broader markets. This episode is sponsored by KraneShares’s KRBN EFT is the 1st, largest and most liquid carbon ETF. Please read prospectus before investing at https://rvtv.io/krbn Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Disclaimer: Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Federal Reserve unanimously hiked interest rates by a quarter point today, continuing its fight against inflation while acknowledging concern for the apparently delicate U.S. banking system. So where does that leave investors from here? This episode is sponsored by KraneShares’s KRBN EFT is the 1st, largest and most liquid carbon ETF. Please read prospectus before investing at https://rvtv.io/krbn Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Disclaimer: Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ash Bennington is joined by Jeremy Schwartz, global CIO of WisdomTree Asset Management, to examine the Fed’s options — and the implications — ahead of tomorrow’s interest rate decision. This episode is sponsored by KraneShares’s KRBN EFT is the 1st, largest and most liquid carbon ETF. Please read prospectus before investing at https://rvtv.io/krbn Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Disclaimer: Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Real Vision’s Ash Bennington and Jared Dillian, editor of The Daily Dirtnap, will explore the extent of the banking crisis and why gold is benefitting from the chaos. This episode is sponsored by KraneShares’s KRBN ETF, the first, largest and most liquid carbon ETF. Please read prospectus before investing at https://rvtv.io/krbn Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Disclaimer: Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is the first installment of our two-week special How To Unf*ck Your Future series. Amid massive issues with debt, aging demographics, broken political systems and geopolitics, there are reasons to be concerned, but as Raoul points out in this mind-blowing video, there are also major opportunities for investors. In this piece, Raoul sets up what you can expect from Real Vision over the next two weeks in our new series ‘How to Unf*ck Your Future.’ He lays out the reasons why we’re in trouble, but more importantly, how we can position ourselves for it. He’ll tell you exactly what he’s investing in to set up for a changing world, and specifically, how to unf*ck your future. So settle in, grab a pen and paper and listen up, you don’t want to miss this. Recorded on February 28, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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/adchoices

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 a look at what the future could have in store. Don’t miss this interview with Stability AI founder Emad Mostaque: https://rvtv.io/3Lr1uBR And you can find more of David’s work here: https://newworldsamehumans.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 class at risk, and where markets are headed. Plus, we’ll hear from Emad Mostaque on why AI will be “massively deflationary.” You can watch that entire interview here: https://rvtv.io/3Lr1uBR And find more of Ed’s work here: https://www.bloomberg.com/account/newsletters/the-everything-risk Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 of MI2 Partners and Cem Karsen of Kia Volatility to explain what’s driving the selloff at Credit Suisse and where the troubles could spring up next. You can catch more of Julian on our Pro Macro Tier and find more of his work here: https://mi2partners.com and more of Cem’s work here: https://www.kaivolatility.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 liquidity and how financial stress could ripple through other parts of the world. You can find more of Tony’s work here: https://tgmacro.substack.com and more of Michael’s work here: http://www.crossbordercapital.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 banking risks and how contagion could spread across the globe. Plus, we hear from Forkast Labs co-CEO Angie Lau on the impact SVB is having and why this issue is far from over. Check out that entire interview here: https://rvtv.io/3mMpLbf and you can find more of Daniel’s work here: https://www.dlacalle.com/en/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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. You can track the performance of all our guests' 3 Ideas here: https://bit.ly/RV3Ideas. Recorded on February 17, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 of wider contagion in the sector, and what the Fed will do next. As Warren sees it, timing is everything.Plus, we’ll hear from Alex Gurevich on how central banks are monopolistic entities just like Apple. Catch that entire interview here: https://rvtv.io/3ZBbjl1 and you can find more of Warren’s work here: https://www.3fourteenresearch.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 steadfast in his view that deflation is on the way. Check out the entire How to Unf*ck Your Future series here: https://rvtv.io/3yfCpBR and find more of James’ work here: https://horizonkinetics.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 involved in the global supply chain and how that could impact Germany. Check out that entire series here: https://rvtv.io/3yfCpBR and find more of Doomberg’s work here: doomberg.substack.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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’ll hear from Dario Perkins on why this is the start of a vastly different macro environment. That interview is part of our 2-week 'How to Unf*ck Your Future' series, and you can watch the entire interview here: https://rvtv.io/3Jk2AO6 and find more of Greg’s work here: http://www.weldononline.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 update us on how the market is pricing in the Fed and other macro trends he’s watching. Then, Dave will join for a technical breakdown of how he’s trading this environment. Plus, we’ll hear from Real Vision co-founder and CEO Raoul Pal on why this might be the best time to buy and hold Tech for the next 20 years. Check out that entire interview here: https://rvtv.io/3ITzWCb. You can find more of Mike’s work here: https://www.elementmacro.com. And you can follow Dave’s trades here: https://www.aspentrading.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 on Friday, February 3, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 February 15, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 this week said when asked what they think about the Fed’s current framework. In the second half of today’s extended Daily Briefing, we’ll dive into Dominique’s three reasons why she is still calling for an 8% terminal fed funds rate. You can find more of Dominique’s work here: http://MacroHive.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 for macro and value investors. Plus, we’ll also hear from Andreas on what persistent services inflation means for the U.S. and the rest of the world. Watch that entire interview here: https://rvtv.io/3J3ny3I. And you can check out more from Tavi here: https://www.crescat.net. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 from bond market veteran Jeff Moore in a conversation with Raoul about why inflation is so pivotal to the next move in bonds. You can watch that entire interview here: https://rvtv.io/3ENUNpk and see more of Mish’s work here: https://marketgauge.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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. Plus, we’ll hear from Jamie McDonald on why investors need to pay attention to copper. You can watch that entire interview here: https://rvtv.io/3ZoqlKg. And check out more of Tony’s work here: https://tgmacro.substack.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 Mike Green, who explains why he’s so worried that the current environment looks like 1929. You can watch that entire interview here: https://rvtv.io/3IYdyZB You can read all of Geo’s work here: https://fidenza.substack.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 day you are born and the day you find out why." Mark joins Maggie Lake for a deep dive into why this quote inspired him, how he learned about the importance of sizing trades, the right time to cut and run, maintaining patience, and much more from his storied trading career. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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. Visit podcastchoices.com/adchoices

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 into credit markets and answer your questions! Plus, we’ll get a peek into the latest episode of My Life in 4 Trades featuring Mike Green. He says beware of the liquidity trap in this current economic environment. That interview will be released on Monday. Don’t miss it! Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 second half of 2023. You can watch that entire interview here: https://rvtv.io/3XX6VLt Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 why he’s concerned that too many investors are engaged in a dangerous, self-fulfilling cycle of over-exposure. Plus, we’ll hear from Jacob Shapiro, the Director of Geopolitical Analysis at Cognitive Investments, on why there’s opportunity in supply chains even if they don’t ease. You can watch that entire interview here: https://rvtv.io/3YUly3j Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 looking for value in the chop. Plus, we’ll hear from Nancy Davis, founder of Quadratic Capital Management, about why the $8 trillion U.S. balance sheet is a monster lurking that no one is paying attention to. You can watch that entire interview here: https://rvtv.io/3XLP0ac Learn more about your ad choices. Visit podcastchoices.com/adchoices

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-examine our self-defined boundaries. Originally aired on February 21, 2015 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 driving central bank decisions around the globe. That will be available only to Real Vision members.We’ll also hear an update from Andreas Steno Larsen on global liquidity, and why he thinks liquidity may have already bottomed. You can watch that entire Steno’s Signals episode here: https://rvtv.io/3Itusiw Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 important to pay attention to the NFIB price plan survey when it comes to pricing pressure. You can watch that full interview here: https://rvtv.io/3Itusiw Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 collapsed of late, what bonds and gold are signaling, and how traders are positioning into March. We’ll also hear from Damian Horner and Roger Hirst on the delicate balance between unemployment and recession. You can watch that entire interview here: https://rvtv.io/3YJ06h4 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 over Russian production cuts. Maggie Lake is joined by Tony Greer, the editor of the Morning Navigator and founder of TG Macro, to assess the market’s CPI response and discuss the latest developments in energy markets. Plus, we’ll give you a look at Raoul Pal’s interview with David Dredge, who explains how he profits off of unexpected market events. You can watch that entire interview here: https://rvtv.io/3RSMmhO Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 against the dollar, and how he’s trading navigating global markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 industry’s leading analysts. Live streamed on February 8, 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 choices. Visit podcastchoices.com/adchoices

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 the road ahead for central bank tightening across the globe. Join to understand Goncalves’s investing framework, and be sure to subscribe to learn how he executes it in the second half of the show. We’ll also give you a peek into Real Vision's “The Knitting Show” with Roger Hirst, discussing the changing consensus view on a recession for this year. Plus and Pro members can watch that entire interview here: https://rvtv.io/3YJ06h4 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 Lake to discuss sentiment, commodities, and more. We’ll also hear a clip from Andreas Steno Larsen on why energy is underperforming despite China’s reopening. Watch that entire interview here: https://rvtv.io/3HQOcuL Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 macro regime shift could lead to a better tomorrow. Plus, we’ll hear a clip from Looking for the Upside, where the author Dror Poleg discusses the evolving real estate market in the era of remote work. Watch that entire interview here: https://rvtv.io/3I8OL4A Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 dissect the price action and discuss what’s happening in currencies and commodities.Plus, we’ll hear a clip from investor Harris Kupperman on why he thinks failing is all part of the game. Watch that entire interview here: https://rvtv.io/3I5e4EB Learn more about your ad choices. Visit podcastchoices.com/adchoices

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, Buy-side Meets Sell-side, with Bob Elliott of Unlimited Funds discussing why a recession is a reasonable bet. You can watch that entire interview here: https://rvtv.io/3Y8mS2e Learn more about your ad choices. Visit podcastchoices.com/adchoices

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/adchoices

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 Lake to tease out the 5 outcomes facing investors in this special edition of the Daily Briefing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 of the Bulls 2.0” and discuss the price action in gold and crypto. Plus, we’ll hear from natural resources investor Rick Rule on why he sees upside in precious metals. Watch the entire Looking for the Upside episode here: https://rvtv.io/3X0Vl16 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 conference, Chairman Jerome Powell said that the Fed remains strongly committed to bringing inflation back down to 2 percent, and that “there remains much more work to do” to achieve sustained price control. Darius Dale of 42 Macro joins Andreas Steno Larsen to discuss the market’s reaction to the Fed announcement, what signals Powell sent to investors, and what other key market drivers we should be watching other than interest rates. Plus, we’ll hear from Danielle DiMartino Booth from the debut episode of The Deep Dive on why we may already be in recession. Watch that entire interview here: http://rvtv.io/3WV4pEQ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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 he sees the energy sector heading. We’ll also give you a peek into our latest edition of Investor Tutorials where Jamie McDonald breaks down how the housing market works, and what’s really driving the price trends. Watch the entire episode here: https://rvtv.io/3HmLnlc Learn more about your ad choices. Visit podcastchoices.com/adchoices