The ECB Joins the Inflation Fight

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 4 February 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

European Central Bank President Christine LaGarde now concedes the potential need for a rate hike in 2022 in the face of record-high inflation on the Continent, the same day the Bank of England announced a second consecutive increase to its benchmark rate since 2004 and began its “quantitative tightening” process. Meanwhile, on Wall Street, both Facebook parent Meta and PayPal have experienced massive value destruction in the aftermath of soft fourth-quarter results and softer forward guidance. Michael Gayed, CIO and portfolio manager at Toroso Investments, joins Real Vision’s Alfonso Peccatiello to talk about central bank moves, big tech earnings, and broader economic and market realities. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3L3CUo5 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:26.8	Based on customer numbers for verification email, advertising at Mailchimp.com.
0:35.2	Welcome to the Real Vision Daily Briefing. It's...
0:38.6	What is it? It's Thursday, February the 3rd, 2022.
0:42.6	This is Alf speaking from the Netherlands,
0:45.8	author of the MacroCombus and contributor to Real Vision.
0:49.0	And today, I have the honour to have with me a guy that only few people can understand.
0:56.2	The one and only exquisite Michael Gaillet,
0:59.6	who is the CIO and portfolio manager of the Rose Investments.
1:03.4	Michael, how are you doing?
1:04.8	I'm definitely not atrocious, so I appreciate all that.
1:09.0	Are you welcome here?
1:10.4	And so today is a pretty interesting move.
1:14.2	Day in markets, we have the NAS that has been completely slaughtered
1:17.4	after a few companies have released pretty bleak outlooks on earnings over there.
1:23.0	And I know that you have some opinion on some of these names here and there
1:26.6	and high beta tech stocks, so we will cover those.
	...

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