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Bloomberg Surveillance

Surveillance: Silver Slumps as Reddit Trades Crumble

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.81.2K Ratings

🗓️ 2 February 2021

⏱️ 26 minutes

🧾️ Download transcript

Summary

Chris Grisanti, MAI Capital Management Chief Equity Strategist and Senior Portfolio Manager, says markets are working well despite the Reddit-fueled frenzy. Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy, expects gradual increase in 10-year yield this year. Deborah Fuller, University of Washington School of Medicine Microbiology Professor, says the coronavirus will be endemic. Jeffrey Currie, Goldman Sachs Global Head of Commodities Research, likes the "fundamental story" behind silver.

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Transcript

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0:00.0

With Bloomberg you get the story behind the story, the story behind the global birth rate,

0:04.7

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

0:10.8

And context changes everything. Go to Bloomberg.com to get context. Welcome to the Bloomberg surveillance podcast. I'm Tom Keene.

0:28.0

Daily, we bring you insight from the best in economics finance investment and international relations find

0:35.4

Bloomberg surveillance on Apple Podcasts soundcloud bloom dot com and of course on the bloomer.

0:44.6

John let's bring in someone on Amazon, on Alphabet and on conservative managed investment.

0:47.0

Christopher Grissante with us with the MAI Capital, joining us right now.

0:52.0

Chris Grissani, what an Amazon and Alphabet signal this afternoon?

0:57.2

So Tom, we're expecting decent earnings there, Tom, and I think it will be more of the same

1:02.4

strong growth through the pandemic.

1:05.1

Great companies to own when times are tough, but also great companies to own as the economy

1:09.7

recovers.

1:10.7

So you know the spotlight is on GameStop, but the action, the fizzles on game stock, the

1:16.3

steak is Amazon and Google and Facebook, etc.

1:19.3

One of the ways you go higher are selected walls of worry.

1:23.7

Measure the walls of worry right now.

1:25.8

Is there enough gloom out there, Chris,

1:28.4

where you got major enthusiasm about a leg up? Oh, I think so, Tom. I mean, everyone for the last week has been talking about how the markets are broken because

1:38.0

GameStop has gone up a thousand percent and we need regulation and it seems to me that markets are working pretty well.

1:45.0

GameStop is coming back down to earth.

1:48.0

Nobody's gone, no broker dealer has gone bankrupt, etc.

1:52.0

And people made or lost the money as capitalists do so

...

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