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Macro Voices

MacroVoices #211 Jim Bianco: COVID-19 & Risk Parity Unwind - What's next for markets?

Macro Voices

Hedge Fund Manager Erik Townsend

Business, Investing, Business:investing

4.83.4K Ratings

🗓️ 19 March 2020

⏱️ 95 minutes

🧾️ Download transcript

Summary

MacroVoices Erik Townsend and Patrick Ceresna welcome Jim Bianco to the show to talk about the impact of COVID-19 on the economy and markets, the systemic risks to markets and impact on dealers & more. Then Kevin Muir joins in the postgame to talk about the imploding risk parity. Link: https://bit.ly/2wdj5ZW

Transcript

Click on a timestamp to play from that location

0:00.0

This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

0:14.2

podcast targeting professional finance, high net worth individuals, family offices, and

0:20.0

other sophisticated investors. Macro Voices is all about the brightest minds in the world

0:25.5

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

0:30.9

barred. Now here are your hosts, Eric Townsend and Patrick Sarasna.

0:37.9

Macro Voices episode 211 was recorded on March 18, 2020. I'm Eric Townsend. This episode

0:45.3

of Macro Voices is brought to you by top traders onplugged.com, a podcast dedicated to

0:51.1

quant and rules based investing, helping investors overcome behavioral biases, and by my own

0:58.6

vacation rental on the coast of Maine, which I'm repurposing as a COVID-19 safe haven for

1:04.8

families who want to escape city life for a few months during this crisis. What a week

1:10.9

in markets after the Fed's epic emergency intervention last weekend, we needed to get

1:18.1

a Fed policy guru on the show this week, and with bond yields backing up to the surprise

1:23.7

of many investors, we needed a fixed income guru to help us diagnose what's going on,

1:29.8

particularly with respect to whether or not the long feared phenomenon of both stocks

1:35.5

and bonds selling off at the same time is finally upon us. And clearly, we need an expert

1:42.0

on the coronavirus numbers to keep us abreast of the core driver behind all of the fireworks

1:47.0

in the market. There's only one man on earth who is all of those people in just one person,

1:53.2

and that's Bianco Research Founder Jim Bianco, who joins me as this week's feature interview

1:57.9

guest. We'll cover the COVID-19 projections, bond yields, monetary policy, and much more.

2:04.8

And be sure to stay tuned for our post-game segment, when Macro Tourist newsletter author

2:10.0

Kevin Muir returns to talk to us about what just happened to gold mining stocks, and

2:16.0

what we can expect next. I'd also like to thank everyone who's donated to Macro Voices

...

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