Are the Bulls Back in Charge?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 25 October 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Markets are rallying right now based on a massive overshoot in technicals and sentiment,” explained Mark Ritchie II in a note today. “The bears overplayed their hand, and the bulls are trying to push back.” Ritchie II, a managing partner at RTM Capital, joins Maggie Lake for today’s Daily Briefing to talk about the factors driving this equity rally, whether it’s durable, what the Federal Reserve will do from here. “The market is trying to look through to the end of the Fed tightening cycle,” Ritchie II added, “and that’s the $64 million question.” We also hear from Lee Robinson about the emergence of “so many interesting distressed ideas” amid ongoing market turmoil. Watch the full conversation featuring Lee Robinson and Nick Lawson here: https://rvtv.io/3FifJWE. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:58.0	All right, let's get to the show. Are the bulls back in charge? That's the question today. Joining me is Mark Richie, the second manager of RTM3 and analyst at.
1:08.0	Minerverny private access. Hi, Mark.
1:11.0	Hey, Maggie. Thanks for having me back. Good to see you.
1:13.0	Yeah, good to see you too. And boy, we have equities really moving three days in a row. They've been rallying.
1:19.0	And not only that, but the advance today really strengthened as the day went on, which was interesting.
1:26.0	What's going on underneath the hood here? What do you see happening?
1:30.0	Okay, great question. Where to start is really the other question. Let's back up a little bit.
1:35.0	I think it was the last time I was on was maybe late August.
1:39.0	And if you look at what the market did, and then I'd mentioned that, you know, the 200 day moving average historically is something you want to look at when in the context of a bear market.
1:50.0	And I use the description, I think that that tends to keep the lid on these bear market rallies.
1:55.0	At that point, if you remember, we had just sort of failed at the declining 200, the market was starting to get wobbly.
2:02.0	And I was saying that, hey, you know, the bears have, you know, everything they want plus the kitchen sink here to really push the market lower.
	...

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