If Cash Is King, Are Stocks Trash?

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 2 March 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

U.S. equities were relatively unchanged, but apparently they missed the message from the bond market. Across the board, U.S. Treasury yields are now over 4%, with a confluence of economic data in the States and Europe muddying the macro picture. Maggie Lake is joined by Tavi Costa, partner and portfolio manager at Crescat Capital, to hear why he believes this is the beginning of an exciting period for macro and value investors. Plus, we’ll also hear from Andreas on what persistent services inflation means for the U.S. and the rest of the world. Watch that entire interview here: https://rvtv.io/3J3ny3I. And you can check out more from Tavi here: https://www.crescat.net. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, if you like this podcast, go behind the paywall to get privileged access
0:06.7	to the smartest minds in finance.
0:08.8	Visit ReelVision.com slash RVPod and use the promo code podcast10 at podcast10 to get
0:16.1	10% off our essential membership for the first year.
0:19.0	Join the ReelVision community and learn how to become a better investor by now to the top
0:22.9	analysis of today's markets.
0:31.7	If Cash is King, our stocks trash.
0:34.0	Hi everyone.
0:35.0	Welcome to the ReelVision daily briefing with me today is Tavi Costa, partner and portfolio
0:39.2	manager at CresCat Capital.
0:41.4	Hi Tavi.
0:42.4	How are you?
0:43.4	Good Maggie.
0:44.4	Thanks for having me.
0:45.4	Appreciate the invite.
0:46.4	I appreciate you being here and as you can tell, we took that question right from one
0:51.5	of your recent research pieces because we loved it and it's a really interesting one
0:55.5	to ask, given that stocks are rallying today, even though the whole US Treasury yield curve
1:02.1	is now above 4%.
1:03.1	What did you make of today's action?
1:05.1	Well, I'm not in agreement with markets recently as far as the rally that we've had
1:11.3	over the beginning of the year so far, especially in technology companies.
	...

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