"No More Candy for You"

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 3 August 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Stocks are ripping higher today and yields are rising, as multiple Federal Reserve officials are telling the market that the central bank is still hawkish about inflation and talk of a “pivot” is premature. “You’ve had enough candy, no more for you,” is how Peter Boockvar puts it in his latest report. Peter, the chief investment officer at Bleakley Advisory Group, said of today’s Institute for Supply Management’s services index data for July that “the headline increase but the shrinking breadth of economic growth points to the growing mixed bag but slowing trend of the US economy.” He joins Andreas Steno Larsen for today’s Daily Briefing to talk about weakening economic data and the Fed’s path from here. We also hear from David Woo about the trajectory of U.S. growth and what it means for markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, if you like this podcast, you should check out the full finance journey at
0:07.8	realvision.com slash RVPod to get the full view of what real vision is all about.
0:12.8	A video on the man platform, you can watch anywhere.
0:16.2	Our members get daily videos and analysis, plus access to more than 3,000 videos for beginners
0:21.4	and experienced investors alike, and live events online.
0:25.2	You'll join the most thoughtful community in finance.
0:28.0	Within 300,000 people who trust real vision to be the anchor to truth in the financial
0:32.4	world.
0:33.4	To get started, visit realvision.com slash RVPod.
0:36.6	Use the promo code podcast 10 to get 10% off our essential membership for your first
0:41.4	year.
0:42.4	Enjoy the show.
0:58.0	It's been another crazy day in markets, we have equities rallying once again, and I am
1:08.8	pleased to be joined by Peter Bucho, the CEO of Bleakly Advisory Group.
1:15.0	Peter, it's good to have you back on the show.
1:16.8	Welcome.
1:17.8	Peter, I wanted to start with a tweet from earlier today from our friend Ed Harrison.
1:25.4	He basically quoted you, and now I'm reading out aloud, for decades, the Fed always gave
1:30.4	the markets more candy, especially when the kids cried out for it.
1:34.4	Now the kids are going to have to do without.
1:37.5	Please elaborate.
1:38.5	Yeah, I wrote that in my daily book report, and I was really referring to a lot of the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Real Vision, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Real Vision and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.