COVID-19 Spiraling Out of Control, Whipsawing Crypto, and the Coiled Snake of Macro

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 22 January 2021

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

DB-Jan22,2021: Real Vision CEO Raoul Pal joins senior editor Ash Bennington to share his latest thoughts on COVID-19, market froth, and cryptocurrency. Using models from his latest Real Vision Pro report, “Wile E. Coyote,” Raoul plots several dire situations for COVID-19 deaths. Raoul then talks about why he may smell “fire in the room” in the equity market, looking at indicators such as call option volume, activity in the pink sheet stocks, and the sky-high use of margin. Raoul and Ash then discuss the recent pullback in Bitcoin, and Raoul tells Ash what he thinks of alt coins and the risk/reward they offer to investors. Raoul reflects on the recent flatness in bond yields and the dollar, and he explores whether macro investors are turning toward crypto markets because that’s where the action is happening. In the intro, editor Jack Farley breaks down today’s economic data release for the PMIs from Germany, France, and the U.S. as well as IBM’s earnings disappointment. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Looking for ways to use less fuel.
0:02.0	At ESO, we can help.
0:04.0	Small changes we can make today can start to help win the energy challenges we all face.
0:08.0	Like your choice of fuel, making the fuel you buy go further,
0:12.0	and even finding alternatives to using it in the first place.
0:15.2	We call this thoughtful driving. The journey won't be easy but we want to start it with you.
0:21.0	Not what you're expecting to hear from a fuel company. Well at
0:24.3	Eso we think it's time that changed. Search eso thoughtful driving for
0:28.1	changes we can all start to Real Vision.
0:43.2	It's Friday, January 22nd, 2021, just after market close in New York.
0:48.4	This is the Real Vision Daily Briefing.
0:51.6	I'm Ash Bennington joined shortly by our co-founder and CEO
0:55.6	Raal Pell but first with the day's stories Jack Farley. Thanks Ash all three
1:01.8	major US stock indexes opened down, but the Dow declined the most as much as 220 points.
1:08.0	Over half of this decline in the Dow was due to IBM, which yesterday reported that it missed its earnings goal by 30%.
1:15.0	It not only failed to meet the bottom line, it failed to meet the top line as well with revenues
1:19.4	below expectation, and they actually fell for the fourth quarter in a row.
1:23.7	Interestingly, IBM is one of 11 companies in the S&P 500 that has already missed its
1:29.3	quarterly sales estimates for 2021 and we're only 22 days in. Commodities were down today almost
1:35.0	across the board with US Treasury's rallying and inflation break-evens taking
1:39.0	the foot off the gas. In the credit markets as spreads continue to narrow some investors are turning to leverage loans
1:46.2	Institutional managers like Black Rock and double line have indicated that they're selling some of their bonds and putting that money into loans.
	...

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.