Hidden Credit Risk, Jobs, and the Sudden "De-Frothing" Reversal

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 6 March 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

DB-March5, 2021. Real Vision senior editor Ash Bennington welcomes managing editor Ed Harrison and editor Jack Farley to make sense of today’s confounding price action. Growthy names plummeted alongside re-opening stocks like cruise lines and airlines, only for a sudden risk reversal to take place midday for all U.S. stock indexes to end the day deep in the green. Harrison and Bennington analyze today’s non-farm payroll numbers, which showed strength in the labor market concentrated in the beleaguered leisure and hospitality sector. After the three explore how rising bond yields impact credit spreads and credit risk, Harrison investigates whether the rotation away from growth and into value and re-opening stocks will be a lasting trend. Farley provides data concerning SPACs, showing that the number of special purpose acquisition vehicles trading below $10 has steadily rose and why this could be another sign of the fragility of growth stocks. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Text stocks and the Nasdaq whipsaw into a stunning reversal, US treasuries continue their
0:16.7	march higher on the week.
0:18.6	What does the jobs report mean for the economy and the rotation trade?
0:23.0	Welcome, Ed.
0:24.0	Welcome, Jack.
0:25.3	Thank you very much.
0:27.1	Is it Friday, busy week?
0:28.4	Let's jump right in.
0:29.4	Ed, what's on your mind?
0:30.6	Yeah, you know, a lot to recap for this week.
0:34.3	You know, I'm thinking most about the interviews that I've had as well as the market
0:38.8	action.
0:39.8	Two or three interviews that come to mind, one from last week, which was RBDB, I spoke
0:46.0	to Jim Bianco.
0:47.3	I'm thinking a lot about that.
0:49.6	I also had another interview this week on RBDB with Peter Bookvar.
0:56.4	And I think that those two were good enough as individual interviews that I want to put
1:00.8	those two together.
1:02.2	Hopefully we can get something organized and have me talking to both of them next week.
1:08.0	Also we had an interview with Leland Miller on China.
1:12.8	I'm thinking about that just from a just broader sense.
1:15.9	But earlier in the day, I spoke to Andrea Stena Larson from Nordea and he had a lot of interesting
	...

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.