Feds Find a SVB Buyer… Are We Out of the Woods?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 27 March 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Maggie sits down with Michael Gayed to discuss the turmoil in the banking sector and the risks he sees in markets going into April. This episode is sponsored by KraneShares’s KRBN ETF, the first, largest, and most liquid carbon ETF. Please read the prospectus before investing at https://rvtv.io/krbn. Investing involves risk. Principal loss is possible. KRBN is distributed by SEI Investment Distribution Company (SIDCO). Disclaimer: Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' full and summary prospectus, which may be obtained by visiting www.kraneshares.com. Read the prospectus carefully before investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, today's Real Vision Daily Briefing is sponsored by Crane Shares.
0:05.0	Learn about their KRBN ETF at craneshares.com forward slash KRBN.
0:12.0	Now to the top analysis of today's markets.
0:23.0	What's behind the bond volatility? Hi everyone, welcome to the Real Vision Daily Briefing.
0:28.0	With me today is Michael Gaia, portfolio manager at Title Financial Group. Hi Michael, that's great to see you.
0:33.0	I was actually going to ask you that question. What's going on with bond volatility?
0:36.0	I mean, I'm all asking. I'm not brain sort of myself.
0:39.0	One thing that we know is there is no consensus. That's what the consensus is.
0:44.0	But there is a lot to go through. By the way, we're going to be taking questions, so you know what to do.
0:48.0	You go ahead and put them in the chat. We'll get to them as soon as we can.
0:51.0	So Michael, it's actually been a little while since you and I had the opportunity to do the show together.
0:56.0	So give me a sense of what's top of mind for you. What sort of your investment thesis right now?
1:02.0	Well, I think I have been more stressed, which is why I probably have less hair than last time we chat.
1:08.0	No, so a couple of things. I've been pretty, I think, vocal on the path, which I think markets could end up playing out based on some of the intermarket work that I do.
1:19.0	In February, I kept on tweeting out ominously, March, March, March.
1:24.0	And I made the case that March, given some of the indicators I look at suggested that March would be volatile.
1:32.0	Not necessarily a directional fault, just it will be a heightened volatility type of closer to the end of March.
1:37.0	You didn't really have a close to the end of March. You had it obviously earlier with this.
1:40.0	What I would argue is a manufactured regional bank crisis, which we can maybe get into.
1:45.0	That we're in a broader meltup type of environment for the year because it's a pre-election year, right,
1:50.0	which tends to be the strongest of the presidential cycle.
1:53.0	And that if we're going to have anything that really does spark a correction, maybe in April, it may have nothing to do with banks.
	...

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.