Is There a Risk of Another Flare-up in Banking? w/ Geo Chen

Real Vision: Finance & Investing

Real Vision

Business, Business News, News, Investing

4.2 • 1K Ratings

🗓️ 30 May 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode of the Real Vision Daily Briefing is sponsored by Kalshi. Take a position on whether the US debt ceiling will be raised, or whether the Fed will hike rates. Sign up at kalshi.com/realvision now to claim $15 towards your first event contract, today. Debt ceiling deal progress propels the US market. Eric Johnston, head of equity derivatives & cross-asset for Cantor Fitzgerald, sits down with Maggie Lake to discuss his perspective on the current state of equities and the possibility of reaching the top of the economic cycle. You can find more of Eric's work here: https://www.cantor.com/Geo Chen, the author of Fidenza Macro research, sits down with Maggie Lake to discuss the intricacies of the US debt ceiling, liquidity challenges, volatility in US treasuries, and promising global macro opportunities he sees over the next 3 months. You can find more of Geo's work here: fidenza.substack.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's episode of the Real Vision Daily Briefing is sponsored by Calche.
0:03.6	We've talked about a few key events on this show recently, notably the debt ceiling negotiation
0:08.4	going on right now, and we've come across a platform that allows you to trade directly on its outcome.
0:14.4	Calche is a federally regulated exchange backed by Sequoia Capital, Y Combinator,
0:19.4	Charles Schwab, and other top investors that have invented a new asset class, event contracts.
0:25.3	Event contracts allow investors to take yes or no positions on events such as whether the US
0:30.4	will default on its debt obligations, whether the Fed will hike rates in June,
0:34.8	what Biden's approval rating will be next month, and much more. Calche's event contracts
0:39.6	allow you a chance to profit from being right about where the world is heading in targeted ways,
0:44.3	and is offering Real Vision listeners $15 when they sign up using the link Calche.com
0:50.1	Slash Real Vision right now. Again, that's Calche.com Slash Real Vision to claim your $15 credit now.
1:05.6	Is there a risk of another flare-up in banking? Hi, everyone. Welcome to the Real Vision
1:09.6	Daily Briefing with me today's Gio Chen author of Fadenza macro blog. Hi, Gio, it's great to see you.
1:16.3	Hey, Maggie, good to see you too. So we're all coming off a long holiday weekend here,
1:22.4	bank holiday in the UK, and of course those who were paying any attention and not kicking off the
1:29.3	summer season here know there was a deal, which was a relief, but we still see the sort of edginess
1:37.1	in markets. US equities ending mix yields a bit lower as investors wait for Congress to now sort of
1:42.6	pass and stamp this, less and less minute bickering, but there is the assumption that it will get
1:50.0	through. How do you see this playing out? I know there are, you know, just before we can even
1:56.6	get some relief in that they actually agreed to something. I know there's a lot of concerns about
2:02.5	what happens once the deal is actually done. What happens next? How do you see this playing out?
2:08.6	Yeah, I'm pretty excited to get past the the passing of the debt ceiling because I do think that
	...

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