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What Goes Up

What Goes Up

247 episodes — Page 3 of 5

Omicron Tape Bombs

Investors’ imagination often goes to “dark places” in the face of uncertainty around issues like the new Covid variant and this week they might have overreacted, according to Kara Murphy, the chief investment officer of Kestra Investment Management who joined Bloomberg’s “What Goes Up” podcast to discuss the wild week in markets.Mentioned in this podcastHawkish Jerome Powell Is a Force Markets Haven’t Faced in Three YearsValue Quant Trade Drops Near 1970s Lows in Covid Crash EchoOmicron Variant Turns Traders Back Into Amateur VirologistsSee omnystudio.com/listener for privacy information.

Dec 3, 202133 min

Can Stocks See a Repeat of 2021?

Wall Street forecasters have been saying all year that a slowdown in the bull market might be in the cards thanks to inflation and growth concerns. The average projection from strategists for the S&P 500 at the end of 2022 represents a mere 3% advance from current levels. Candice Bangsund, vice president and portfolio manager of global asset allocation at Fiera Capital, joins “What Goes Up” this week to talk about her outlook for the upcoming year and the risks she sees ahead.See omnystudio.com/listener for privacy information.

Nov 26, 202131 min

Bubble Trouble?

A stellar year for the stock market is coming to a close and money-managers are looking ahead to what 2022 might have in store. But worries persist, including the perennially nagging question of whether the stock market is overvalued and in a bubble. Sébastien Page, head of global multi-asset at T. Rowe Price, talks about his views on that, his team’s current strategy, the need for diversification and his year-ahead outlook.See omnystudio.com/listener for privacy information.

Nov 19, 202138 min

Pensions & Crypto

Steve Kurz, head of asset management at Michael Novogratz’s crypto firm Galaxy Digital, discusses how pensions, endowments and other institutional investors are approaching the digital-asset class.See omnystudio.com/listener for privacy information.

Nov 12, 202138 min

Arnott on Bubbles and Valuation Gaps

Rob Arnott, chairman and founder of Research Affiliates, discusses how he identifies stock-market bubbles and how to use valuation gaps to identify attractive equities. See omnystudio.com/listener for privacy information.

Nov 5, 202139 min

Melt-Up Time?

This week, U.S. economic growth came in lower than expected, some high-profile companies posted disappointing earnings results and central banks worldwide took steps toward withdrawing pandemic-era stimulus. Yet stocks are broaching new records and October shaped up to be the best month of the year. To Wall Street veteran Doug Ramsey, Leuthold Group chief investment officer and co-manager of the Leuthold Core Fund, it looks like the market melt-up has just begun. See omnystudio.com/listener for privacy information.

Oct 29, 202128 min

Bitcoin Enters Prime Time

Dave Abner, global head of business development at crypto exchange Gemini Trust Co. and a two-decade veteran of the ETF industry, talks about the launch of Bitcoin futures exchange-traded funds, who’s buying into it and what the prospects are for a physically-backed crypto fund. See omnystudio.com/listener for privacy information.

Oct 22, 202140 min

Bank Stock Phobia

Halloween is coming, so it’s time to confront a common source of fear: bank stocks.Ever since the global financial crisis, many investors have been terrified of risks associated with lenders, according to Chris Davis, chairman and portfolio manager at Davis Advisors. He joined the latest episode of the “What Goes Up” to discuss why it’s time get over that phobia, explaining that banks may continue to help lead the market higher. See omnystudio.com/listener for privacy information.

Oct 15, 202142 min

Introducing: Breakthrough

On Breakthrough, a new series from the Prognosis podcast, we explore how the pandemic is changing our understanding of healthcare and medicine. We start with an examination of long Covid, a mysterious new illness that has stumped doctors attempting to treat symptoms that last for months and potentially years. It has changed the way hospitals work and forced healthcare officials to prepare for the next pandemic. Covid has also opened the door to revolutionary technology: messenger RNA vaccines. It’s a technology that never could have been proven so quickly outside the crucible of that first pandemic year, 2020, and it holds big implications for the future of medicine. Breakthrough launches on Oct. 19. Subscribe today on Apple Podcasts, Spotify or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

Oct 12, 20212 min

Freaking Out Over Rates

Up 1% one day, down an equal amount the next, the stock market’s been serving up a bout of volatility traders haven’t seen all year. There’s plenty to worry about and, by many measures, pessimism among investors is growing.Lori Calvasina, RBC Capital Markets’ head of U.S. equity strategy and a two-decade Wall Street veteran, talks about the mood of the market, value versus growth, why the debt-ceiling reaction was surprising to her and why small-cap stocks can do well going forward – regardless of their earnings trends.See omnystudio.com/listener for privacy information.

Oct 8, 202137 min

Digesting the Taper

Treasury yields started to spike soon after the Federal Reserve signaled it’s edging closer to winding down its pandemic-era bond buying. But can stocks do well in that type of environment? Brian Nick, chief investment strategist at Nuveen, talks about that and what the surge in yields is signaling about the well-being of the economy. Plus, he shares his current strategy and discusses areas of the market he finds attractive.See omnystudio.com/listener for privacy information.

Oct 1, 202138 min

Money Is Just a Meme

Non-fungible tokens, or NFTs, went from non-existent to taking over the world in record fashion. But what is their utility besides being collectibles? Brian Mosoff, chief executive officer at Ether Capital, talks about how something can "meme" its way into becoming valuable and why NFTs are gaining traction in an environment where everyone's searching for scarcity. Plus, he shares his views on how cryptocurrencies can play a part in a portfolio and how the space could be regulated.See omnystudio.com/listener for privacy information.

Sep 24, 202139 min

Betting on a Value Revival

Stocks tied to the economic reopening had a banner 2020 before their performance petered out a few months ago. But Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management who oversees around $7.5 billion, is making big bets on reopening plays, banks and other value stocks. He talks about his strategy and goes into why the market's not had a significant pullback this year. Plus, he discusses the one catalyst he thinks could throw the rally off course. See omnystudio.com/listener for privacy information.

Sep 17, 202136 min

Bitcoin in Macro Land

El Salvador is not a nation that comes up in global-macro investing discussions very often, but its embrace of Bitcoin as legal tender marks an interesting milestone in the evolution of the cryptocurrency’s role in financial markets. Ben Emons, strategist at Medley Global Advisors, joined this week’s “What Goes Up” podcast to discuss El Salvador’s embrace of Bitcoin and correlations it’s exhibiting with other parts of the market. He also discusses the European Central Bank’s decision to reduce asset purchases, and he shares some current stock-market strategies.See omnystudio.com/listener for privacy information.

Sep 10, 202138 min

Bad News is Good News, Again?

Some economic reports are coming in weaker than expected as the back-to-normal recovery drags on. To many investors, it means the Federal Reserve will keep the punch bowl fuller for longer. Kim Forrest, founder and chief investment officer at Bokeh Capital Partners, discusses about why bad news can be seen as good news again in this environment and why she prefers tech stocks for the long run.Mentioned in this podcast:U.S. Companies Add Fewer Jobs Than Forecast, ADP Data ShowMegacaps Hit All-Time High in Defensive Stock Tilt: Markets WrapSee omnystudio.com/listener for privacy information.

Sep 3, 202133 min

‘Flight to Crap’

Extraordinary loose monetary policy has led to what Interactive Brokers Chief Strategist Steve Sosnick calls a “flight to crap,” or investor interest in the most-speculative corners of financial markets. He discusses how the likely reduction in bond purchases by the Federal Reserve could affect those investments. He also shares his thoughts on how algorithmic trading strategies interact with meme stocks and delves into other market topics.Mentioned in this podcast:Powell Says Taper Could Start in 2021, With No Rush on Rate HikeU.S. Stocks Rise on Powell’s Dovish Taper Tone: Markets WrapWhat’s a Taper, and Why Is the Fed So Focused on One?Wall Street During the Pandemic: The Impossible Is Now CommonplaceSupport.com Surges 400% in Meme Army’s New Short-Squeeze AttackSee omnystudio.com/listener for privacy information.

Aug 27, 202139 min

Now, the Hard Part

The rebound in the stock market from the pandemic-induced recession has been breathtaking, with the S&P 500 doubling from its low point in March 2020. Has the proverbial “easy money” all been made? Emily Roland, co-chief investment strategist at John Hancock Investment Management, discusses what to expect in the second year of the bull market. She also talks about the outlook for interest rates and inflation and a host of other current market topics. See omnystudio.com/listener for privacy information.

Aug 20, 202139 min

Where’s the Volatility?

Many traders expected this summer to be a volatile one for U.S. markets, but so far it’s been quiet as can be. What happened? Chris Gaffney, head of world markets at TIAA Bank, joins the “What Goes Up” podcast to discuss. See omnystudio.com/listener for privacy information.

Aug 13, 202138 min

Under-the-Radar Growth

Chris Mack, a portfolio manager at Harding Loevner, discusses his firm’s investment process and how his fund's hunt for “under-the-radar growth” stocks led him to some regional banks. He also discusses the defensive aspects of tech stocks in the age of Covid, and developments in the semiconductor industry, among other topics.Mentioned in this podcast:No Market Breadth, No Problem as Faangs Lift S&P 500 Higher​​​​​​​See omnystudio.com/listener for privacy information.

Aug 6, 202134 min

A Quant in China’s Casino

The attention of global investors returned to China this week as a crackdown on for-profit education companies triggered a massive selloff in the nation’s equity market. Jason Hsu, founder and chief investment officer of Rayliant Global Advisors, discusses how investors should navigate through the nation’s regulatory risks, and how the dominance of retail traders gives China’s market a “casino feel.” Mentioned in this podcast:China Bans For-Profit School Tutoring in Sweeping OverhaulWe Don’t Need No (For Profit) Education. ESG, China-StyleSee omnystudio.com/listener for privacy information.

Jul 30, 202135 min

The Reopening U-Turn

Rebecca Patterson, director of investment research at Bridgewater Associates, discusses the reversal in some of the market moves triggered by optimism about the reopening of economies shut down by the Covid-19 pandemic. She also gives her take on inflation risks, the delta variant of the virus, and Bridgewater’s famous All Weather balanced-portfolio strategy.Mentioned in this podcast:A Sloppy Summer for Stocks Is Going to Test Your StomachThis Cult Classic Buy Signal Isn't to Be TrustedSee omnystudio.com/listener for privacy information.

Jul 23, 202136 min

Holding a Mirror Up to the Stock Market

What is the point of creating synthetic stocks and ETFs to trade on the blockchain with cryptocurrencies? Do Kwon, co-founder and CEO of Terraform Labs, explains how mirrored assets like these work, what type of demand they can fill, and potential regulatory pitfalls. Also joining this episode is Kwon’s collaborator Zaki Manian, co-founder of Iqlusion and the Sommelier Protocol. The pair also discuss the effects of crypto scams on the world of decentralized finance, and why a novelty token like Dogecoin became such a big hit.Mentioned in this podcast:Fake Tesla, Apple Stocks Have Started Trading on BlockchainsSee omnystudio.com/listener for privacy information.

Jul 16, 202135 min

Old Growth Is New Again

Well, so much for that reflation and reopening trade. David Bianco, chief investment officer for the Americas at DWS Group, discusses why high-growth, digitally focused companies are back on the stock market’s leaderboard. Mentioned in this podcast:The Great Reflation Trade Is Buckling Around the WorldSee omnystudio.com/listener for privacy information.

Jul 9, 202132 min

Transitory Is in the Eye of Beholder

It’s the top question on the minds of everyone involved in the markets these days: How long is “transitory” when it comes to the Federal Reserve’s view on hotter-than-normal inflation? Jim Smigiel, chief investment officer at SEI Investments, discusses why his firm is “happy to take the side of an overshoot” when it comes to rising prices. He also discusses the flaws of simplistic 60/40 investing and how there’s more to building a diversified portfolio than just buying an index. Mentioned in this podcast:Powell Has Wall Street Buying View That Inflation Won’t LastYour Unloved Heirlooms Might Mean Serious MoneyCar Dealers Are Selling More Vehicles Above the Sticker PriceAn NFT of the World Wide Web Source Code Sold for $5.4 MillionSee omnystudio.com/listener for privacy information.

Jul 2, 202136 min

A Quant’s Take on Meme Stocks

Dimensional Fund Advisors, which manages $637 billion, was one of the first firms to take seminal academic financial research off of the campus and put it to work in the real-world art of managing money. How does a head-in-the-books firm like that respond now that retail day traders are in the driver’s seat and the market action often feels like a frat party rather than a lecture hall? Wes Crill, the head of strategists at Dimensional, talks about that as well as a variety of other market topics, such as the rotation back into growth from value and how to read the inflation tea leaves. Mentioned in this podcast:Dimensional Converts $29 Billion of Mutual Funds Into ETFsFed Satisfies Inflation Hawks Without Lifting a FingerSee omnystudio.com/listener for privacy information.

Jun 25, 202137 min

Dot Plot Shocker

A few dots moved higher on a Federal Reserve chart of interest rate projections, and it caught many investors by surprise. Yet the hawkish turn tamped down market-based readings of inflation expectations and that could help the central bank keep stimulative policies in place longer, according to Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management Co. He discusses the dot-plot shocker and what it means for allocation decisions.Mentioned in this podcast:Risk and Opportunity in a Post-Pandemic EconomyFed Sees Two Rate Hikes by End of 2023, Inches Toward TaperSee omnystudio.com/listener for privacy information.

Jun 18, 202133 min

The Boomer Boom

What generation will drive the consumer economy and create stock-market winners in the post-pandemic world? Lauren Hill, a portfolio manager and analyst at Westwood Holdings Group Inc., says it will be a boom led by Baby Boomers, who have the most wealth and high vaccination rates. She discusses where consumer spending is headed and what stocks are poised to benefit the most. Mentioned in this podcast:Treasury Yields Slip Below 1.5% as Inflation Fears EbbGap’s Deal With Kanye West Starts With a Single $200 JacketSee omnystudio.com/listener for privacy information.

Jun 11, 202138 min

A Million Miles From the Memes

They’re baaaaack! Day-trader cult stocks like AMC Entertainment Holdings Inc. are dominating investors’ attention once again, with eye-popping rallies and crashes and even some free popcorn thrown in for those with the gumption to ride the rollercoaster. Kevin Russell, the chief investment officer of the $9 billion hedge-fund manager UBS O’Connor, discusses how his team tries to stay a million miles away from these companies. Russell also details the bull case for China, his outlook on inflation, and some big winning pair trades made at the height of the Covid-19 crisis.Mentioned in this podcast:AMC Looks Less Like a ‘Cult Stock’ and More Like an Actual CultMeme Mania Rekindles Small-Trader Love Affair With OptionsAMC Stock Sale Comes With Warning to Traders: Be Prepared to Lose It AllBiden to Amend Trump’s China Blacklist, Target Key IndustriesSee omnystudio.com/listener for privacy information.

Jun 4, 202144 min

Peak Recovery

Seema Shah, chief strategist at Principal Global Investors in London, discusses the state of the global economy and why the equity rally seems to have hit the snooze button. The U.S. has reached “peak recovery” following the pandemic, she says, yet fundamentals remain strong so cyclical and financial stocks should continue doing well. Mentioned in this podcast:RETHINK THE 40 IN YOUR 60-40 PORTFOLIORadioactive Rhino Horns Set to Add to Anti-Poaching ArsenalSee omnystudio.com/listener for privacy information.

May 28, 202137 min

Crypto Contagion

For years, cryptocurrencies were considered fringe investments on Wall Street, but this week a massive intraday plunge in Bitcoin corresponded with a big drop in the stock market. Has crypto contagion arrived in the financial system? Art Hogan, chief strategist at National Securities, discusses this, and reminisces about the crash of 1987 when he found himself knee-deep in ticker tape at the old Boston Stock Exchange.Mentioned in this podcast:Bitcoin Rally Was So Huge It Was Worth the Risk-Adjusted TwistsMarkets’ Frothy Edge Rattled in Rough Day for Bets on InnovationBitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30%See omnystudio.com/listener for privacy information.

May 21, 202135 min

Inflation Shocker

A shockingly high reading in the consumer price index landed with a bang in markets this week. Zachary Griffiths, a macro strategist with Wells Fargo, joined the “What Goes Up” podcast to discuss what inflation pressures he’s got his eye on and why he doesn’t think the latest numbers will cause the Federal Reserve to begin tapering its pace of asset purchases before the beginning of next year. See omnystudio.com/listener for privacy information.

May 14, 202140 min

Over the Borderline

Vincent Deluard, director of global macro strategy at the brokerage StoneX Group, discusses how Mexico and Canada may be primed to benefit from the continued reopening of the U.S. economy following the pandemic.Mentioned in this podcast:Did Capitalism Kill Inflation?Space Aged: Bottle of Wine from Space Station Could Sell for $1 MillionSee omnystudio.com/listener for privacy information.

May 7, 202137 min

Bridgewater on Bubbles

Greg Jensen, the co-chief investment officer for the hedge-fund manager Bridgewater Associates, discusses this week’s Federal Reserve meeting and the firm’s approach to identifying excesses and bubbles in financial markets.Mentioned in this podcast:Fed Upgrades View of Economy While Keeping Rates Near ZeroPowell Breaks Out the ‘Froth’ Word When Asked About MarketsSee omnystudio.com/listener for privacy information.

Apr 30, 202146 min

After the Meme-Stock Gold Rush

Liz Ann Sonders, chief investment strategist at Charles Schwab, joined the latest episode of the “What Goes Up” podcast to discuss what appears to be a shift in focus among the crowds of new day traders who were so influential in the U.S. stock market earlier this year. Says Sonders: “Really since mid-February, we've seen a shift — believe it or not — back toward some semblance of fundamentals driving stocks; a bit more of a quality bias, profitability bias, a little bit of a valuation bias.”See omnystudio.com/listener for privacy information.

Apr 23, 202143 min

Allocating for the Boom

Economic growth in 2021 is forecast to be unlike anything seen in the last several decades as the world begins to return to normal following the Covid-19 pandemic. Gaurav Mallik, chief portfolio strategist at State Street Global Advisors, joins the latest “What Goes Up” podcast to discuss what to expect and how he’s advising investors to allocate portfolios. See omnystudio.com/listener for privacy information.

Apr 16, 202136 min

A Quant’s Take on Innovation

He was one of the first money managers to deploy factor-investing strategies at his firm Gerstein Fisher, but now Gregg Fisher is trying something new: A quantitative approach to picking stocks of innovative small-cap companies at his new shop Quent Capital. Fisher joined this week’s “What Goes Up” podcast to discuss why he’s shifting to a more-active style of investing and how, despite his subsequent success, he wishes he could buy back that old drum set he sold for $900 in order to purchase a computer and start his first firm in the 1990s.See omnystudio.com/listener for privacy information.

Apr 9, 202143 min

Yields Aren’t Done Yet

The swift rise in Treasury yields that triggered some wild swings in the stock market stopped this week – at least temporarily. Shawn Snyder, the head of investment strategy at Citi Personal Wealth Management, joins the “What Goes Up” podcast to discuss what caused yields to cool off and what to expect next. See omnystudio.com/listener for privacy information.

Mar 26, 202132 min

Inflation & Valuation Vertigo

Financial markets have become obsessed with the possibility of faster-than-normal inflation this year as economies reopen from Covid lockdowns. But inflation is a nuanced concept, so what different types of price rises should we expect? And most importantly, what does it all mean for markets in 2021? Joining the "What Goes Up" podcast this week to discuss this and other timely market topics is Philip Lawlor, head of global investment research at FTSE Russell.Mentioned in this podcast:Market Brawl Breaks Out Ahead of Fed With Tech, Bitcoin Battered15th century bowl found at yard sale sells for $722,000See omnystudio.com/listener for privacy information.

Mar 19, 202137 min

Introducing: Doubt

A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying healthy and safe. Today, the number of people questioning vaccines risks prolonging a pandemic that has already killed hundreds of thousands of Americans. How we got to this moment didn’t start with the rollout of vaccines or in March 2020, or even with the election of Donald Trump. Our confidence in vaccines, often isn't even about vaccines. It’s about trust. And that trust has been eroding for a long time. Doubt, a new series from Bloomberg’s Prognosis podcast, looks at the forces that have been breaking down that trust. We'll trace the rise of vaccine skepticism in America to show how we got here — and where we’re going. Doubt launches on March 23. Subscribe to Prognosis today on Apple Podcasts, Spotify or wherever you get your podcasts.See omnystudio.com/listener for privacy information.

Mar 16, 20212 min

Markets Vs. Central Banks

Bond yields are rising, commodity prices are jumping, and stock markets around the globe are soaring. To David Adams, the chief investment officer at Reminiscent Capital, it all adds up to a single message: Central banks around the world have just gone too far. Based in Sydney, Australia, Adams discusses the implications.Mentioned in this podcast:An NFT Sold for $69 Million, Blasting Crypto Art Records‘Dude, Get Back to Your Desk’: The Week That Roiled Bond MarketsNothing the Stock Market Does Ever Scares Its Retail DaredevilsSee omnystudio.com/listener for privacy information.

Mar 12, 202132 min

Coming Soon: The Pay Check Season 3

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More than 150 years after the end of slavery in the U.S., the net worth of a typical white family is nearly six times greater than that of the average Black family. Season 3 of The Pay Check digs into into how we got to where we are today and what can be done to narrow the yawning racial wealth gap in the U.S.Jackie Simmons and Rebecca Greenfield co-host the season, which kicks off with a personal story about land Jackie's family acquired some time after slavery that they're on the verge of losing. From there the series explores all the ways the wealth gaps manifests and the radical solutions, like affirmative action, quotas, and reparations, that can potentially lead to greater equality.See omnystudio.com/listener for privacy information.

Mar 8, 20213 min

Grandma Likes Amazon

The flattening of the Covid case curve and the re-opening of economies around the world is causing big ripples in the stock market, with investors selling off the Internet-based companies that led the market higher during lockdown. Susan Schmidt, head of U.S. equities at Aviva Investors in Chicago, discusses this and other hot topics for investors, including the recent jump in interest rates.Mentioned in this podcast: Stock Market Momentum Comeuppance Gets No Sympathy From the Fed Cathie Wood’s ARKK Struggles in Early Trading After 20% RetreatThe tragic life and death of a ‘National Lampoon’ legendSee omnystudio.com/listener for privacy information.

Mar 5, 202138 min

Ragin’ Rates

The surge in Treasury yields this week caught a lot of investors off-guard, triggering a bout of volatility in the stock market. Amanda Agati, chief investment strategist for PNC Financial Services Group, shares how government spending packages are affecting interest rates. She also discusses how she looks at alternative high-frequency economic data and why she’s bullish on emerging markets.Mentioned in this podcast:In a Flash, U.S. Yields Hit 1.6%, Wreaking Havoc in Markets GameStop’s Reddit-Driven Roller-Coaster Rages On as Volume SoarsSee omnystudio.com/listener for privacy information.

Feb 26, 202140 min

Death of Austerity

Marko Papic, partner and chief strategist at hedge-fund seeder Clocktower Group, discusses how the current economic and market cycle will be vastly different than the tepid recovery from the global financial crisis. He jokingly uses slogans from Reddit’s WallStreetBets forum to describe the risk-taking posture he believes investors will maintain amid a period of fiscal largesse: “All I know is that for the next two years, it’s like diamond hands and to the moon.”Mentioned in this podcast:The Bubble's Final Paroxysm May Be Months AwayGet Ready for the Great U.S. Inflation Mirage of 2021See omnystudio.com/listener for privacy information.

Feb 19, 202139 min

Getting Paid to Own Stocks

The dislocations in markets last year created a fleeting opportunity to buy stocks that pay big dividends on the cheap. Sorting through which companies had the wherewithal to weather the pandemic and keep the payments flowing was not an easy feat, however, given the unprecedented economic shutdown and uncertainty about how long the virus would affect various types of businesses.Joining this week’s podcast to discuss his process for evaluating dividends – in normal times and crazy times – is Chris D’Agnes, a portfolio manager at Hamlin Capital Management, an income-focused investment advisory firm that oversees about $4.8 billion in separately managed accounts and an equity mutual fund. Mentioned in this podcast:Tilray Plunges Most on Record as Cannabis Stocks TumbleDogecoin’s Creator Is Baffled by Meteoric Rise to $9 BillionSee omnystudio.com/listener for privacy information.

Feb 12, 202135 min

Macro Man Vs. YOLO Boy

Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of the windfalls boasted about by the WallStreetBets crowd.Crise, a former hedge-fund trader and now a strategist at Bloomberg who writes the “Macro Man” column, had a novel way of handling the situation. Inspired by the classic movie “Trading Places,” he proposed a $1 bet on where GameStop shares were headed and another wager that his son Patrick could not double his money in three days with some Reddit-inspired paper trading that didn’t actually put any of the son’s – or more importantly, father’s -- money at risk in the market.Who won this battle of Macro Man vs. YOLO Boy? Tune in to find out!Mentioned in this podcast:Meme Stocks Lose $167 Billion as Reddit Crowd Preaches DefianceReddit’s Market ‘Hype Machine’ Is in a Quest to Drive Out BotsSee omnystudio.com/listener for privacy information.

Feb 5, 202139 min

'Stupid Prices'

The drama surrounding GameStop Corp. and other high-flying stocks targeted by social media-influenced traders has triggered a debate about behavior in markets and what regulators should do about it.Larry Tabb, the head of market-structure research at Bloomberg Intelligence, discusses this issue as well as the role clearing firms played in causing Robinhood and other brokerages to restrict trading in certain stocks.Mentioned in this podcast:In 11 Hours of Pure Mania, 100% Stock Gains Popped Up EverywhereHow a Penny Stock Explodes From Obscurity to 451% Gains Via Chat ForumsReddit Jolts Activist-Short Hedge Funds Into ‘Adapt or Die’ ModeWallStreetBets Briefly Goes Dark After Fueling GameStop’s SurgeBattle Between Hedge Funds and Day Traders Creates Record VolumeSee omnystudio.com/listener for privacy information.

Jan 29, 202134 min

Tesla and AOL

Why does Tesla joining the S&P 500 remind Wells Fargo Securities’ head of equity strategy of AOL and the dot-com boom and bust era? He also explains why he’s sticking with his year-end estimate of 3,850 for the S&P 500 even after the benchmark index reached that level in the first month of the year.Mentioned in this podcast:GameStop Record Surge Gives Win to Reddit Army in Citron ClashRiskier the Better Is Rallying Cry of Day Traders Going SmallSee omnystudio.com/listener for privacy information.

Jan 22, 202134 min

Rebooting the China Relationship

The upcoming inauguration of Joe Biden as president offers the U.S. a chance to reboot its relationship with China after a tumultuous four years under Donald Trump. Bob Hormats of investment firm Tiedemann Advisors, who has served in senior economic and trade policy roles under five different U.S. presidents, discusses what’s at stake. Mentioned in this podcast: A Handful of Penny Stocks Just Made Up a Fifth of U.S. VolumeSee omnystudio.com/listener for privacy information.

Jan 15, 202136 min

Perpetual Motion Stocks

Another week, another record high for stocks – even in the midst of political unrest. Vincent Deluard, director of global macro strategy at StoneX Group Inc., discusses the disconnect between stocks and reality, a so-called “bear market for humans,” his outlook for 2021, and the risk of inflation.Mentioned in this podcast:Stock Market Warns Workers That They’re the Problem for BusinessDay-Trader Heaven Arrives as Tesla, Bitcoin and Stock Options SurgeSee omnystudio.com/listener for privacy information.

Jan 8, 202140 min