How All Financial Markets Turned Into The Same Big Trade
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 28 September 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
These days it seems like all financial markets are the same big trade. A gold chart looks like a Tesla chart, which looks like an Ethereum chart, which looks like a chart of a basket of cloud computing stocks. So why is this? And what could cause that to change? On this episode, we speak with Jared Woodard, the head of the Research Investment Committee at Bank of America, who recently published a report on exactly this. As Woodard explains it, the question starts with low growth and inequality, and the premium that investors will pay for certain types of securities in such an environment. He walked us through how that might change, and what investors can do in the meantime to discover under-appreciated values in the market.
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| 0:53.0 | To get context. Hello and I'm Tracey Alawai. |
| 1:04.0 | Hello and welcome to another episode of the |
| 1:15.0 | episode of The Odd Lots podcast, I'm Joe Weisenth. Tracy, I liked one of your tweets this morning. |
| 1:18.0 | Which one? |
| 1:20.0 | No, I mean, they're all good. I like all your tweets, |
| 1:22.0 | but I liked your chart comparing the share price of Tesla with the price of the cryptocurrency |
| 1:31.2 | Ethereum and how closely they've tracked each other this year. |
| 1:34.1 | Yeah, you know I have a history of finding spurious correlations between |
| 1:39.0 | cryptocurrency and other assets. The most famous one being Bitcoin and avocados, but I have to say the |
| 1:45.1 | Tesla versus Ethereum chart, I'm not sure it's actually that spurious a correlation. I think |
| 1:51.8 | there's something there. |
| 1:53.0 | Yeah, I mean I do too and I was exactly going to say I think the the |
| 1:57.3 | infamous Bitcoin price of Bitcoin versus the price of |
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