New Year, Same Energy Playbook?

Real Vision: Finance & Investing

Real Vision

Business News, Business, Investing, News

4.1 • 1.1K Ratings

🗓️ 3 January 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

The first trading day of 2023 is in the books and boy was it eventful. As warmer-than-average temperatures hold up across the globe, natural gas prices are falling off a cliff. At the time of this writing, natural gas futures are down 11.8%. Oil is down meaningfully as well. Meanwhile, U.S. stocks gave up early morning gains, with Apple and Tesla leading to the downside. On today’s show, Tony and Andreas will discuss the macro dynamics that are driving this sell-off in energy and share how they’re playing the sector in the new year. Plus, they’ll discuss why Elon Musk has become a problem for the typical Tesla investor and take a look at what else you should keep an eye on in the months ahead. 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 London Business School.
0:03.8	Looking to accelerate your business, or understand the opportunities in AI or ESG,
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0:18.6	subject experts and industry insiders,
0:21.4	look for podcasts from London Business School.
0:23.8	Navigate the now and be prepared for what's next with London Business School.
0:30.0	Good afternoon, everyone, and happy new year to all of you.
0:41.2	My name is Lestino and it's a great pleasure to be back hosting the real vision daily briefing
0:46.2	here on the first true trading day of 2023.
0:51.2	And what a day it's been.
0:52.8	Testless down more than 10% again in an overall negative day on equity markets.
0:58.2	Energy suffers big time, natural gas slides below $4.
1:02.6	And the US dollar is back in fashion in foreign exchange markets.
1:06.2	Again, as we've seen lower bond yields across the globe.
1:09.4	So welcome to 2023.
1:12.0	It's going to be a year of great macro turbulence.
1:15.4	Again, it seems energy, obviously, off to a bad start to the year.
1:19.2	And therefore, we are going to ask the question today,
1:22.0	whether the same playbook for energy holds in 2023.
1:27.6	As it did in 2022 and I'm pleased to be joined by one of our tremendous
	...

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