Bulls vs. Bears: Who Wins This Epic Showdown?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 30 August 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. equity indexes followed Bitcoin lower at Monday’s open, trading well in the red as investors continued to price in Federal Reserve Chair Jerome Powell’s short but stern message that the central bank will tighten monetary policy until inflation is beaten. The yield on the two-year U.S. Treasury note surged to a 15-year high, and we’re now witnessing the deepest inversion between the two-year and the 10-year U.S. Treasury note in more than 20 years. And September – historically the worst month for stocks – is just around the corner. “Tightening should only worsen the potential for a major breakage in credit,” notes Mark Ritchie II, “and the Fed’s refusal to pivot in the short run should produce some more potential fireworks to the downside.” Ritchie II, a managing partner at RTM Capital, joins Real Vision’s Maggie Lake to talk about the epic battle brewing between bears and bulls and whether U.S. stocks are going to make another run at the lows. We also hear from Vincent Deluard about the energy crisis in Europe. Watch the full conversation featuring Vincent Deluard and Maggie Lake here: https://rvtv.io/3PX0mEz. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:06.8	Use the promo code Podcast10 to get 10% off our essential membership for your first year.
1:11.8	Enjoy the show.
1:14.8	Our US equity is setting up for a retest of the bear market lows.
1:26.8	Hi, everyone. Welcome to the real-vision daily briefing.
1:29.8	With me today is Mark Richie, the second of Minervini Private Access,
1:33.8	who says an epic showdown is brewing between the bulls and the bears.
1:38.8	It certainly feels like that. Hi, Mark.
1:41.8	Hi, Maggie. Thanks for having me back. Good to see you.
1:43.8	Yeah, good to see you too.
1:44.8	And you know, I feel like a little bit of that is peeking out because we had the sell-off Friday.
1:48.8	It was ugly into the clothes.
1:50.8	Today was a little quiet.
1:51.8	It looks like, look like US stocks were trying to recover, but you saw selling really just at the very end of the clothes here.
	...

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