All-Stars #30 Luke Gromen: Still bullish risk assets, Gold & BTC despite global Dollar squeeze

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.8 • 3.4K Ratings

🗓️ 10 July 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

All-Star Luke Gromen tells Erik Townsend he understands and agrees with the “global dollar squeeze” argument, but it doesn’t deter him from being bullish Gold, Bitcoin, and risk assets generally. Link: http://bit.ly/2LdwKpt

Transcript

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0:00.0	This is a special edition of Macrovoises with hedge fund manager Eric Townsend.
0:14.2	The premier financial podcast targeting professional finance, high net worth individuals, family
0:19.8	offices, and other sophisticated investors.
0:23.0	Now for this special edition of Macrovoises, here's hedge fund manager Eric Townsend.
0:30.1	Macrovoises All Stars episode number 30 was recorded on July 8, 2019.
0:36.6	I'm Eric Townsend.
0:38.1	All Star Luke Gromman is back with us today.
0:41.2	Luke, what caught your attention recently?
0:43.8	Yeah, Eric, thanks for having me back on.
0:45.4	You know what grabbed my attention.
0:46.4	I thought the reaction to last week's better than expected jobs numbers was very interesting.
0:51.6	Okay, what about them in particular got you the most interested?
0:55.3	You know, what got me the most interested was I thought most investors are focused on
0:59.2	the wrong number.
1:00.2	At least as it relates to fed rate cut and the percentage chances of what the fed will
1:04.8	do.
1:05.8	Okay, how come that's the wrong thing to be focusing on?
1:09.3	Even as most of the focus in the mainstream financial media about the jobs numbers was about
1:14.0	their effect on the odds of a 50 basis point cut in July.
1:17.9	The effect it had on the dollar, effect it had on US rates and US equities.
1:21.8	Virtually no one was paid any attention to what I thought was arguably the most important
1:26.1	number late last week.
	...

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