Risk Management Is the Most Important Thing

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 2 July 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The major U.S. equity indexes edged into positive territory after opening in the red, even as a measure of U.S. manufacturing activity fell to 53 in June from 56.1 in May, a two-year low, and the latest update to the Atlanta Fed’s GDPNow gauge came in at negative 2.1% on an annualized basis. Not only is a U.S. recession more likely than a soft landing; we may already be in one. “I’m keeping an open mind, and if we do have a recession it will produce an even more powerful rally, as bull markets are born out of recessions," says Mark Ritchie II. Ritchie II, managing partner and chief investment officer of RTM Capital Advisors, joins Real Vision's Ash Bennington to talk about financial markets, the global economy, and capital preservation. We also hear from Mark Minervini about diversified portfolios in a bear market versus a bull market. And we drop in on an exclusive interview between Ash and CEO Mark Lamb about CoinFLEX’s struggle for survival amid the crypto downturn. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3AeGKaR. Watch the full conversation featuring Mark Minervini, Jared Dillian, and Mark Ritchie II here: https://rvtv.io/3OAxAcR. Watch Ash’s interview with Mark Lamb here: https://rvtv.io/3yw0ghH. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.
0:05.0	I need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:08.0	When I first used the payment link feature in my Monzo Business account,
0:11.0	I was impressed to how quick and easy it was. At the end of each job,
0:14.0	I'll just create a payment link, send it to the customer, and get paid then and there.
0:17.0	I can also track all of my payments in my get paid tab.
0:20.0	If you're ready for a Monzo Business account, apply today.
0:23.0	Just search Monzo Business, season sees apply.
0:26.0	Only sole traders or limited company directors in the UK can apply.
0:56.0	Just a thoughtful community and finance. More than 300,000 people who trust
1:00.0	Real Vision to be the anchor to truth in the financial world.
1:03.0	To get started, visit RealVision.com slash RVPod.
1:06.0	Use the promo code Podcast10 to get 10% off our essential membership for your first year.
1:12.0	Enjoy the show.
1:14.0	Welcome to the Real Vision Daily Briefing. It's Friday, July 1st, 2022.
1:28.0	I'm Ash Bennington, joined today by Mark Richie, the second.
1:33.0	But first, let's take a look at what happened in U.S. equity markets today.
1:37.0	I would call things pretty much flat-ish. Oh, they're moving a little bit here at the close.
1:41.0	The NASDAQ looks like it's up about 9.10% of 1% S&P 500 up a little over 1%
1:46.0	And Dow Jones industrial average off up. Excuse me, I should say a little over 1% as well here on the day.
1:53.0	Let me give you some of those numbers closing out.
1:56.0	NASDAQ here above 11,11127 S&P 500 closing out at 3,825.
	...

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.