Stocks, Oil, & Bitcoin Fall on Omicron Fears: A Not-So-Happy Holiday

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 21 December 2021

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Dec20,2021:The Omicron fear factor has sent the entire market tumbling downhill – what does this mean for 2022? Jeffrey Schulze of ClearBridge discusses how you should protect your investments and prepare for the disruption. Goldman cuts GDP forecast down to 2% after Sen. Joe Manchin said he won’t support President Biden’s Build Back Better plan. Real Vision's Weston Nakamura also discusses the Lira as it slumps to new lows after Turkey's President Recep Tayyip Erdogan said he would not raise interest rates. Interviewed by Maggie Lake. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3slSEeV Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Real Vision podcast network.
0:12.2	Hello, welcome to the real vision daily briefing.
0:14.6	It's Monday, December 20th, 2021.
0:17.4	Maggie Lake and here with me today is Jeffrey Shulzi
0:20.8	from Clear Bridge. Hi, Jeff. Welcome to real vision.
0:24.0	Hey, Maggie. Happy to be here.
0:25.6	Yeah, great, great to have you with us.
0:27.1	And on a day where there's a lot to talk about, it was
0:29.6	pretty volatile for US markets.
0:31.6	We saw US equities trade down about one and a half percent
0:35.0	across the board.
0:35.8	And we're actually a little bit off our lows.
0:37.6	WTI crude prices fell 3% while natural gas jumped 4.5%
0:43.1	all while the 10 year yield remained flat kind of anchored
0:46.6	at that 1.42%.
0:49.3	And overseas, we saw big moves too.
0:51.3	China could interest the first time in 20 months.
0:54.7	That was pretty significant and Turkey's currency crisis
0:57.4	continued with Alira falling to a record low.
1:00.4	Western Nakamura has the latest from Tokyo.
1:04.0	Hey, thanks, guys.
1:04.7	So two quick things PBOC in China made a very small cut
	...

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