Is Recession the Only Answer to Inflation?
Real Vision: Finance & Investing
Real Vision
4.1 • 1.1K Ratings
🗓️ 29 March 2022
⏱️ 32 minutes
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| 0:00.0 | Hello, and welcome to the Real Vision Daily briefing. It's Monday, March 28, 2022. I'm Maggie |
| 0:11.0 | Lake here with Jared Dillion, editor of the Daily Dirt Map. Hi, Jared. How are you? |
| 0:15.9 | Hey, what's up? Not too much. It's good to see you. If we take a look, it's been a little |
| 0:21.5 | while since you and I've talked. So I'm really curious to hear what you're thinking |
| 0:25.2 | as around these markets. And, you know, if we take a look at the beginning of a new trading |
| 0:29.1 | weekend, we had some, it looked like it was going to start out to be a pretty quiet day, |
| 0:32.6 | but we actually had some action here, especially when we look at oil down really sharply, |
| 0:37.9 | 9% on the day. We saw a bid back into risk assets, the NASDAQ kind of picking up steam as we |
| 0:43.8 | headed into the close here more than a percent. We saw Bitcoin and Ethereum both up sharply. |
| 0:50.8 | Prior to that, it looked like the action was really overseas. We saw in Japan, |
| 0:56.0 | the Yen hit a six-year low as the Bank of Japan intervened to keep yields down there. |
| 1:00.9 | And the US Treasury looks like it was maybe more the quiet market today with that yield, |
| 1:06.2 | the 10-year yield anchored right around 2.46%. So it seems like everyone sort of |
| 1:12.0 | tried to figure out what happens from here. What's top of mind for you, Jared? What are you |
| 1:15.8 | looking at? Well, I'm kind of in between things right now. You know, when the S&P was down about |
| 1:24.0 | 12% in sentiment was really negative. You know, in my newsletter, I made a pretty bullish call |
| 1:30.7 | to play for a bounce in text docs in particular. I exited that call on Friday and now I'm just kind |
| 1:41.6 | of in between ideas. You know, you mentioned oil being down. I should never trade oil. |
| 1:49.1 | Like, me trading oil is like the guy that walks up to the poker table and just gets like |
| 1:55.2 | busted out every time, like I so I'm not going to make any predictions on oil. But I will say that |
| 2:00.8 | it wasn't just oil. A lot of commodities were down across the board today. And you know, |
| 2:05.6 | today's rally towards the end of the day was a really big ball crushing rally. Like Vicks, |
... |
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