Surveillance: Silver Spikes as Reddit Frenzy Spreads
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 1 February 2021
⏱️ 28 minutes
🧾️ Download transcript
Summary
Mona Mahajan, Allianz Global Investors U.S. Investment Strategist, sees no signals that the Reddit revolt will spark a systemic risk to the broader market. David Axelrod, Ballard Spahr Partner and former Supervisory Trial Counsel at the SEC, examines what’s legal and illegal in the GameStop case. Torsten Slok, Apollo Management Chief Economist, says it's premature to worry about inflation at this point. Mike McGlone, Bloomberg Intelligence Commodity Strategist, discusses the rally in silver as the retail trading frenzy spills into commodities.
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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 |
| 0:34.4 | find Bloomberg surveillance on Apple Podcasts soundcloud bloomberg |
| 0:39.2 | com and of course on the bloomer, just had the briefing with PR about what you can and can't talk about. |
| 0:46.4 | Mona Mahajan joins us now, Alian's Global Investors, U.S. Investment Strategist. |
| 0:50.4 | Mona, I'll just ask you, what can you possibly say about what happened last week? |
| 0:54.4 | So I keep you out of trouble. |
| 0:56.4 | Yeah, it's a great question on a Monday morning. |
| 0:58.9 | Look, it was fascinating to watch about $30 billion of market cap and a 50 trillion dollar US |
| 1:05.9 | stock market has created really a lot of mania and attention and I think in |
| 1:11.4 | fact for some good reason you know we are living through history here and a few questions that come to mind as we process all of all of these news around stocks like GameStop, AMC, etc. |
| 1:22.0 | One, you know, what really drives the value of an asset? |
| 1:26.3 | Is it its fundamental value based on some sort of discounted cash flow model |
| 1:30.0 | or P multiple, or is it really what an asset owner is willing to pay for it? |
| 1:34.6 | And we see that in places like artwork or collectibles, |
| 1:37.7 | etc. |
| 1:38.6 | Is this really any different? |
| 1:40.2 | And really over time, how does this end? |
| 1:43.0 | Does GameStop or an MC come back down to its fundamental value, |
| 1:47.0 | which if you look at average price targets by analysts, |
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