Goldman Sachs' Economic Forecast, Market Pullback Risk, and Chinese Tech Stocks

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 28 April 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

DB-Apr27,2021: Real Vision senior editor Ash Bennington joins Tommy Thornton, founder of Hedge Fund Telemetry, to discuss his current take on markets. Thornton explains the thin trading volume for this past month as sentiment remains high, and he explores Goldman Sachs’ newly published economic forecast, which cautions that there will be quarter-over-quarter GDP declines going forward even while the U.S. economic backdrop grows stronger. Bennington and Thornton also debrief Coinbase’s direct listing and his perspective on the growth of the crypto space, and they tackle Thornton’s thoughts on the Chinese tech sector and where he sees investible opportunities. Finally, he talks about energy as one of the best reopening bets out there and shares how he’s positioning his trades. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
0:03.0	That's what I hear when I make another sale on Shopify.
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0:17.0	So sign up for a £1 per month trial period at Shopify.co.uk
0:23.0	Ask podcast 23 all lowercase and take your business to the next level today.
0:41.0	Goldman Sachs Economic Forecast. What's next for the economy in Q2?
0:46.0	Near all time highs on US equity indices and the pullback risk.
0:51.0	Finally, Coinbase Energy and Chinese tech stocks. Welcome back, Tom Thornton.
0:58.0	Ash, how are you? I'm doing great. I know we've been talking a lot offline.
1:02.0	We've got a tremendous amount to cover here. Let's get started with just a general 50,000-foot overview on markets and your thoughts.
1:12.0	Okay. Well, let's start with the equity markets.
1:16.0	I'm seeing a lot of real pent up demand to be buying stocks.
1:22.0	Unfortunately, the volume has been really, really light this in April.
1:29.0	I think it's just a seller's strike.
1:32.0	If you look at the intra-month chart, we had a really strong two weeks up and then we've gone sideways.
1:41.0	And market sentiment remains extreme. If you look at any of the polls, especially investors intelligence, which comes out tomorrow and I'll be talking about it.
1:53.0	That's been extreme. The daily sentiment index has been extreme.
1:58.0	And the other thing that I'm seeing right now, which is really sort of unique.
2:04.0	I talk a lot about to market indicators and I've used to market indicators for 20 years.
2:10.0	And I screen every day within the S&P 500 and other markets of how many exhaustion signals we're getting.
2:18.0	Now, we've had a bunch on the daily.
	...

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