Great Power Games Could Leave Europeans Out in the Cold

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 25 January 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Biden administration is preparing to deploy troops and equipment to Eastern Europe and the Baltics to counter Russia’s threat to Ukraine, as UK officials suggest Moscow aims to install a pro-Kremlin government in Kyiv. Stocks all over the world are tumbling, again, and Bitcoin has breached key technical levels. And there’s real concern about European natural gas supplies. “Risk on” for Putin means “risk off” for investors. Weston Nakamura is here to discuss the state of play with Ash Bennington. Weston also drops a compelling pair trade that could be a decent hedge against both geopolitics and central bankers. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/32rm6FR Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Real Vision Daily Briefing. It's Monday, January 24th, 2022. I'm Ash Bennington,
0:10.8	joined today by Real Vision's own, Weston, Nakamura, a lot going on to discuss today with Weston,
0:17.3	geopolitical instability, driving volatility across asset classes, global equities,
0:23.2	selling off. But then, at the end of the day, it looks like we're in green territory,
0:27.3	positive territory, on all U.S. equity indexes. A striking day, crypto also continuing to get
0:34.8	hammered. We're going to talk more about this. This all comes in the wake of rising tensions
0:39.6	between Russia and Ukraine and Eastern Europe much to talk about today with Weston, Nakamura,
0:46.6	Weston. Welcome back to the show. Thank you, sir. How are you, Ash? What are you doing in my place?
0:53.3	I'm trying not to get weplash from U.S. equity markets. Okay, good looking, good looking,
1:01.4	avoiding that pretty well day. Obviously, a lot going on today, wild day, wild week. What do you
1:07.3	see? What are you looking at most important? Tell us your view. Okay, so the Fed obviously is,
1:17.1	you know, right upon us. What is happening in the markets in terms of this risk,
1:22.4	the risk off at least, especially today? This is not the Fed. This is by-large driven by,
1:30.1	as you just mentioned, what is happening geopolitically in Ukraine. The reason I say that is
1:37.7	very simply, if you look at two charts, I have them tweeted them out earlier, but one is if you
1:44.1	just look at a chart of the Euro-Rubo, and you just throw that on top of the S&P 500, or you
1:52.6	have to invert that, or you can just leave it as is and you throw it on top of the VIX,
1:56.4	you'll see that they intraday basis, they line up very closely. Another chart is that if you look
2:02.2	this is showing Weston, just so for people who aren't familiar with macro and global markets as you
2:07.1	are. So what this is showing essentially is when the Russian Rubo is selling off against the euro,
2:12.3	we're seeing that tracking exactly with what's happening in U.S. equity markets and also in the VIX.
2:18.4	In other words, geopolitical tension rising declines in U.S. equity markets.
	...

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