A Tale of a Textbook Turnaround Setup

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 20 July 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In his most recent newsletter, Tony Greer of TG Macro wrote, “The setup for oil bulls on this gorgeous summer Friday morning is not to be believed. Stocks and commodities just spent the last quarter hemorrhaging in historic proportions, and now we’ve got a textbook turnaround setup…” Well, stocks are ripping today, and WTI crude oil is back above $104 per barrel, even as residential-starts data suggest the U.S. housing market is cooling and Apple announced plans to slow hiring and spending. Gasoline prices have fallen to two-month lows a week ahead of the next Federal Open Market Committee meeting, where the central bank is expected to announce another inflation-fighting 75-basis-point rate hike. Tony’s here to talk about all that and more with Real Vision’s Maggie Lake. We also hear from Chen Zhao about the coming “run of the mill” recession and how it differs from prior crisis-driven downturns. Watch the entire interview featuring Chen Zhao and Marko Papic here: https://rvtv.io/3aLSmrD. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, if you like this podcast, you should check out the full finance journey at
0:07.8	realvision.com slash RVPod to get the full view of what real vision is all about.
0:12.8	A video on demand platform, you can watch anywhere.
0:16.2	Our members get daily videos and analysis, plus access to more than 3,000 videos for beginners
0:21.4	and experienced investors alike, and live events online.
0:25.2	You'll join the most thoughtful community in finance.
0:28.0	There's in 300,000 people who trust real vision to be the anchor to truth in the financial
0:32.4	world.
0:33.4	To get started, visit realvision.com slash RVPod.
0:36.6	Use the promo code podcast 10 to get 10% off our essential membership for your first
0:41.4	year.
0:42.4	Enjoy the show.
0:44.4	Hi everyone, welcome to the real vision daily briefing.
0:55.5	I'm Maggie Lake and here with me today is Tony Greer, editor of the morning navigator
1:00.2	newsletter.
1:01.2	Hi Tony.
1:02.2	You today.
1:03.2	I'm doing okay.
1:04.2	We had an interesting day as we watched it, a decline in US housing starts, a softness
1:09.5	there, gas prices finally cooling off at the pump.
1:12.7	And we had US stocks take off, putting in a strong rally.
1:16.6	I don't know the closing numbers in front of me, but we were up two and a half on the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.