Money Talks: Worse than the average bear (market)
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 18 May 2022
⏱️ 44 minutes
🧾️ Download transcript
Summary
The beginning of 2022 has been particularly brutal for stock markets. The S&P 500 had its worst April since 1970, the past seven weeks have marked the Dow Jones Industrial Average’s longest losing streak since 1980, and the tech-heavy Nasdaq has fallen 20% from its peak, putting it officially in bear market territory.
This week, hosts Mike Bird, Alice Fulwood and Soumaya Keyes start small then zoom out. First, they look at what’s behind the crypto crash and hear from one unlucky investor who lost it all. Then, they speak with Rebecca Patterson, hedge fund Bridgewater’s chief investment strategist, who connects the dots between the crypto carnage and the rising power of retail investors. And finally, legendary bear market investor Jeremy Grantham explains why he thinks the stock market bubble hasn’t fully burst yet.
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Transcript
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| 0:00.0 | With so much uncertainty in the world, businesses need a solid plan that they can implement |
| 0:04.8 | quickly. |
| 0:05.8 | A plan that's ambitious enough to drive the scale of transformation with practical solutions |
| 0:10.4 | to provide real-world results. |
| 0:12.5 | With over 9,000 professionals in 120 countries, the EY Parthenon teams help businesses realise |
| 0:18.5 | their strategy with speed and certainty. |
| 0:21.2 | To learn more about EY Parthenon's individual approach to strategy and tech-enabled transformation, |
| 0:26.8 | research EY Parthenon and real-world strategy now. |
| 0:33.8 | Money talks from the economist is sponsored by Invest Puerto Rico. |
| 0:38.7 | More than just a Caribbean paradise, Puerto Rico is a business powerhouse. |
| 0:43.7 | This U.S. territory is a fast-growing hub for innovators. |
| 0:47.6 | Puerto Rico boasts numerous tax credits, business incentives and world-class talent that |
| 0:53.1 | take your business to the next level. |
| 0:55.8 | Find out why at investpr.org. |
| 0:59.1 | Game changers, welcome home. |
| 1:05.3 | Everyone who pays attention to markets, investors, journalists and pundits, loves a striking |
| 1:10.2 | statistic. |
| 1:11.2 | And with this recent market downturn, there have been a lot of them floating around, like |
| 1:15.5 | the S&P had its worst start to the year since 1970. |
| 1:19.9 | And the Dow has fallen for the past seven weeks in a row. |
| 1:22.8 | It's longest losing streak since 1980. |
| 1:25.8 | And don't forget the NASDAQ, it's in bare market territory, down all the 20% from its peak. |
... |
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