Mark Ritchie II: Cash is King

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 31 July 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Jul30,2021: Real Vision senior editor Ash Bennington welcomes editor Jack Farley and Mark Ritchie II, CIO at RTM Capital Advisors, to share his thoughts on earnings for tech and energy companies as well as the continued uncertainty surrounding Chinese tech stocks. Ritchie covers the market’s negative reactions towards Amazon’s earnings release and its signaling of economic growth. The trio looks at the continued crackdown against Chinese tech equities and overcrowding of the U.S. IPO market. At the end of today’s briefing, Ash and Jack will preview the fifth part of an interview with Cathie Wood conducted by Kiril Sokoloff, which you can watch right here: https://rvtv.io/3xaMOMi. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:12.0	Shopify is revolutionising millions of businesses worldwide.
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0:40.0	Welcome to the Real Vision Daily Briefing.
0:42.0	It's Friday, July 30, 2021.
0:45.0	I'm Ash Bennington, joined today by our own Jack Farley and our guest, Mark Richie the second,
0:51.0	managing member RTM.
0:53.0	Here's what we're looking at right now.
0:55.0	Most major US equity indices down on the week, despite a generally strong earning season,
1:01.0	Amazon disappointed yesterday after the bell, missing on the top line and the bottom line
1:07.0	that's revenue and net income.
1:09.0	Amazon stock looks like down about seven and a half percent for the day.
1:14.0	Once again, for the week, most of the major US equity indices are lower,
1:19.0	especially Nasdaq Composite and Nasdaq 100.
1:23.0	Both off over 1% on the week, one exception to this is the Russell 2000.
1:28.0	It looks like up about 0.6% on the week.
1:33.0	Jack, what are you looking at today?
1:35.0	Well, it's not only the stocks that disappoint in their earnings that are down today.
1:40.0	Ash Chevron and Exxon Mobile, those oil giants reported earnings
	...

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