Did Powell Let The Bond Bears Out?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 7 March 2023

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

In his Senate testimony this morning, Fed Chair Powell came out swinging saying that “the ultimate level of interest rates is likely to be higher than previously predicted.” U.S. equities tumbled in response, while bond volatility picked up. Maggie Lake is joined by Greg Weldon, CEO of Weldon Financials, to hear how he’s finding opportunities in gold, energy, agriculture, and short bonds. Plus, we’ll hear from Dario Perkins on why this is the start of a vastly different macro environment. That interview is part of our 2-week 'How to Unf*ck Your Future' series, and you can watch the entire interview here: https://rvtv.io/3Jk2AO6 and find more of Greg’s work here: http://www.weldononline.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
0:06.7	to the smartest minds in finance.
0:08.8	Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get
0:16.1	10% off our essential membership for the first year.
0:19.0	Join the ReelVision community and learn how to become a better investor by now to the top
0:22.9	analysis of today's markets.
0:31.8	Did FedShare Powell just let the bond bears out?
0:34.2	Hi everyone, welcome to the ReelVision Daily Briefing with me today is Greg Weldon, the
0:38.2	CEO of Weldon Financial, Hi Craig, I'm doing okay, doing okay, a little tough to watch
0:46.4	the equity markets today.
0:48.4	We knew that there was a potential for FedShareman, Jay Powell to make some news, he testified
0:54.6	in front of Congress and came out right away and warned that they may have to do more
0:58.8	to try to bring down inflation.
1:00.3	Does that mean a bigger rate hike in March?
1:03.3	What are you expecting?
1:04.3	Well, I don't necessarily think it means a bigger rate hike in March.
1:08.0	If you listen to some of the sidelines for the comments, it's pretty much been, you know,
1:11.5	we probably time to be a little bit more cautious.
1:14.6	A little bit of a yellow light flash and not quite, Powell has to of course carry the
1:18.9	torch of vigilance on inflation.
1:21.7	Powell hasn't said anything different.
1:23.5	Powell has said the same thing continuously.
	...

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