Steve Eisman on the 'Paradigm Shift' Happening in Markets Right Now

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 6 February 2023

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After a decade of dominance, 2022 saw tech stocks badly underperform the rest of the market. However, so far in 2023, tech stocks and other speculations have surged again. According to Steve Eisman, what we're seeing is the natural process by which a "paradigm shift" is playing out in stocks. Eisman, a portfolio manager at Neuberger Berman, won big betting against CDOs during the Great Financial Crisis and was famously depicted in the book and movie The Big Short as one of the few investors who got it right. In this conversation, he talks about lessons learned from his career in investing, how and why big shifts happen in markets, the state of the financial system, and what sectors could win over the next decade.

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Do you know what your interest rate is on your savings account?
0:02.7	I bet it's lower than you think.
0:04.3	Go ahead and look.
0:05.2	And in the meantime, I'll tell you about U.S. Treasury bills on public.
0:09.3	As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.
0:16.2	That's the highest rate on six-month Treasury bills since the year 2000.
0:20.0	Go to public.com-slash-t-bill-podcast to get started.
0:23.8	This is a paid endorsement by public.com,
0:26.0	fees and conditions apply.
0:27.3	Treasury accounts at public.com or through Gico Securities Inc.
0:30.4	Member Finra and SIPC.
0:31.8	Not FDIC-insured?
0:33.1	No bank guarantee.
0:34.0	May lose value.
0:34.8	Full disclosures can be found at www.public.com-slash-t-bill-podcast.
0:40.6	On October 24th, join top technology leaders, business executives, innovators and entrepreneurs
0:46.0	in London for the Bloomberg Technology Summit.
0:48.6	How can unprecedented digitization help solve global challenges?
0:53.6	Speakers from GraphCore, Siemens, Deliveroo and Abba Voyage
0:57.6	will explore the rapid advance of AI and green technology
1:01.0	and delve into the escalation of cyber warfare and more.
1:04.5	Learn more at www.bloomberglive.com-slash-tex summit 2023.
	...

Please login to see the full transcript.

Previous episode | Next episode

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

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