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Real Vision: Finance & Investing

Is Jerome Powell Going To Nuke Everything?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 30 September 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

The major equity indexes were mixed as of midday, a fair-to-middling session welcome relief from recent wild whipsaws. We also saw mixed inflation data: the personal consumption expenditure accelerated more than expected in August in the U.S., and eurozone prices surged a record 10% in September, though American consumers’ inflation expectations eased this month. Much of the broad market conversation is about when rather than whether something big is about to break. Brent Donnelly, the president of Spectra Markets and the author of “Alpha Trader: The Mindset, Methodology and Mathematics of Professional Trading,” joins Maggie Lake to discuss that issue and to identify ways investors and traders can navigate the price action. We also hear from Michael Kao and Michael Nicoletos about the Federal Reserve’s global power. Watch the full conversation featuring Michael Kao and Michael Nicoletos here: https://www.realvision.com/shows/make-or-break-geopolitics/videos/when-will-the-dollar[…]uff-QpZW?source_collection=852d5cce52bd4c829fc3d84de72c55b8 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Is the Fed going to break the global economy? Hi, everyone. Welcome to the Real Vision

0:11.5

Daily Briefing with us today, Brent Donnelly, president of Spectrum Markets. Hi, Brent.

0:16.0

Hey, how are you, Maggie?

0:18.0

I'm doing well, as well as can be expected, given everything that's going on. But we were

0:23.2

just chatting right before we came on and I was expressing fatigue and, you know, I think

0:28.8

a lot, that's what a lot of people who are feeling, who've been watching the markets and

0:32.3

watching their, you know, harder and retirement with her away. But you're energized because

0:37.6

this is like the ultimate macro environment and this is what you guys do.

0:40.9

I mean, it is one of the best macro environments ever and I can remember sitting there like

0:46.5

say in summer 2014 when nothing was going on. Every central bank was at zero. You know,

0:51.7

people were literally quitting because there was nothing to trade. And I mean, this is a

0:56.2

polar opposite of that. There's just so much going on. I mean, like I said to you,

1:00.0

I'll probably collapse by the, when I get home, but there's a lot of adrenaline when a lot of

1:04.0

stuff is going on like this. And just in specifically in FX, there's tons going on. But then,

1:08.8

of course, like geopolitics and everything else, there's just so much happening.

1:12.8

Yeah, there really is. And, and, you know, I think that's really important because, because,

1:16.8

you know, two things, this exact reason is why Real Vision exists because there are folks like

1:24.3

you who have the experience, who've traded through crisis, who understand all these really complex

1:30.8

things. It's a rich environment for you. And then there's the rest of us, which are just like,

1:34.8

our heads on a swivel. We're trying to figure out what's going on. People are semi freaking out

1:39.5

about it or they're concerned. Even people with a fair amount of knowledge. We had a New York

1:43.8

Meetup last night, which was awesome. Thanks to all of you who came, Carolyn and Anya included.

...

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