From the Macro to the Micro

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 5 December 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Institute for Supply Management’s gauge of services activity rose to 56.5 last month from 54.4 in October, surprising to the upside and stirring fresh worry the Federal Reserve will continue to err on the hawkish side when it comes to monetary policy. The major U.S. equity indexes all sagged more than 1%, with the tech-heavy Nasdaq Composite shedding 2.13% two hours ahead of the close. Crude oil climbed, however, as a G7 price cap of $60 per barrel on Russian production kicked in and China inched closer to re-opening its economy. Andreas Steno Larsen joins Maggie Lake at the top of today’s Daily Briefing to talk about the global crude oil market, the shift back to “services” from “goods” as the pandemic recedes into memory, and the durability of demand. Later, Maggie welcomes Jeff Meyers, the CEO of Cobia Capital Management, to talk about emerging opportunities in small-cap technology names. We also hear from Diego Parilla about a new paradigm based on higher inflation, permanent volatility, and elevated risk. Keep an eye out for the full conversation between Maggie Lake and Diego Parilla, to be released tomorrow. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.
0:05.0	I need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:08.0	When I first used the payment link feature in my Monzo Business account,
0:11.0	I was impressed to how quick and easy it was. At the end of each job,
0:14.0	I'll just create a payment link, send it to the customer, and get paid then and there.
0:17.0	I can also track all of my payments in my get paid tab.
0:20.0	If you're ready for a Monzo Business account, apply today.
0:23.0	Just search Monzo Business, season sees apply.
0:26.0	Only sole traders or limited company directors in the UK can apply.
0:29.0	Why is everyone suddenly bearish again? Hi, everyone.
0:32.0	Welcome to the Real Vision Daily Briefing, helping us make sense of the market today.
0:36.0	I'm joined by my colleague, Andreas Siena Larson, and a little bit later, Jeff Myers,
0:40.0	the CEO of Cobia Capital, will be here to drill down into the small cap area
0:44.0	and highlight a couple of opportunities he sees.
0:47.0	But Andreas, let's get this sort of business back.
0:51.0	Let's get this business back.
0:53.0	Let's get a small cap area and highlight a couple of opportunities he sees.
0:56.0	But Andreas, let's get this sort of big picture first,
1:00.0	and there's a lot going on.
1:02.0	It's the first full trading week of December, the last month of the year,
1:06.0	which is always kind of action packed, but there seems to be a lot going on today.
1:10.0	And a lot of red, right?
	...

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