How Will War in Eastern Europe Impact the Battle Against Inflation?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 26 February 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. equity indexes soared on Friday, with the Dow Jones Industrial Average posting a near 800-point gain and the S&P 500 Index and the Nasdaq Composite rising 1.86% and 0.92% two hours ahead of the close of regular trading. Equity futures indicated a positive open after Russian President Vladimir Putin signaled a willingness to negotiate with Ukrainian President Volodymr Zelenskyy. Still, fighting rages in and around Kyiv, though it appears Putin’s forces are not advancing as rapidly as their leader had hoped or planned. Joining Real Vision’s Maggie Lake to discuss the geopolitical situation is Dee Smith, founder and CEO of Strategic Insight Group. And with us today to talk about how the nascent war might impact the Federal Reserve’s monetary tightening cycle is the “Fed Guy,” Joseph Wang, a former trader on the central bank’s open markets desk. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3M2l05h. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:35.3	Hello and welcome to the Real Vision Daily Briefing. It's Friday, February 25th, 2022.
0:40.3	I'm Maggie Lake. The two stories dominating the markets this week,
0:43.8	the Russian invasion of Ukraine and the upcoming Federal Reserve Meeting to help us understand
0:48.4	both. I'm joined by Dee Smith, founder and CEO of the strategic insight group
0:53.7	and Joseph Wang, former senior trader at the Federal Reserve. Welcome to both of you.
0:58.5	And Dee, I'd like to start with you first. We saw a big bounce in European and US equities today.
1:04.2	US stocks just closing, rallying into the close at their highs of the day, the Dow,
1:10.3	834 points around. As we settle, 2.5%, we have the S&P up more than 2%, the NASDAQ,
1:17.7	1.5% oil backing down to $92 on WTI, $98 on Brent Gold, also slightly lower.
1:26.6	Part of the catalyst headlines that Russians say they are willing to hold negotiations with Ukraine.
1:33.6	Is this just a tactical maneuver or do you think that Putin is looking for a diplomatic solution?
1:38.9	You know, it's a complex situation and what has happened is that the
1:46.3	advance of the Russian troops and it's a multi-pronged attack on Eastern Ukraine.
1:53.0	They're not attempting to attack the West at this point, but they're being slowed down by
1:57.6	Ukrainian resistance much more than they thought they would be. They're having trouble taking
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