Fear Is Back: Omicron's Grip Threatens Global Disruption

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 4 December 2021

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Dec 03,2021:The NASDAQ is down today over 300 points, and the VIX continues to edge up to its 52-week high. Jim Bianco discusses the latest tech fallout and where the equities sell-off is concentrated. The Omicron variant is rattling the markets. Fears of a deepening supply chain crisis are at the forefront of investors’ minds. Despite these fears, the unemployment rate’s drop to 4.2% may signify a positive turn for the economic growth story. Bianco shares predictions on the Fed’s actions and year-end dynamics for fund managers and retail investors. Interviewed by Maggie Lake. Want to ask questions? Drop them right here on the Exchange: https://rvtv.io/31oSQyK Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.2	Hello, welcome to RealVision's Daily Briefing.
0:37.6	It's Friday, December 3rd, 2021.
0:40.0	I'm Maggie Lake.
0:41.0	Here with me today is Jim Bianco of Bianco Research and Jim.
0:45.0	Oh, an ugly end to the week here.
0:47.6	We saw a real route in tech stocks.
0:49.6	The NASDAQ, I'm just looking coming back a little bit,
0:51.8	but it was down 400 for most of the afternoon.
0:55.2	A loss of around 2%, rostle down over 2.5%, down S&P down.
1:00.4	And meanwhile, the action not just limited to stocks,
1:03.4	the US Treasury yields curve flattening the 10-year dipping to 135%.
1:10.0	I know you're watching that and Bitcoin down 6%.
1:13.0	What's going on here?
1:15.0	Yeah, it's a good thing that Wall Street decided it was a good payroll number.
1:18.4	We might have had a bad day as well.
	...

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