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Real Vision: Finance & Investing

The Whipsaws Will Continue Until the Fed Finishes Its Work

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.11.1K Ratings

🗓️ 25 May 2022

⏱️ 35 minutes

🧾️ Download transcript

Summary

Stocks sagged early, with social media stocks dragging the Nasdaq down more than 3% on bearish earnings guidance from Snap Inc., but rallied off the lows in a move presaged by Thomas Thornton right before noon ET. “Seeing most ETFs down on the day but lifting over today's volume-weighted average prices, which, if those levels can hold, is a positive,” tweeted Thornton, the founder of Hedge Fund Telemetry. Thornton joins Real Vision’s Ash Bennington to talk about today’s price action in the broader (bullish or bearish?) context. And we hear from Dario Perkins, managing director at Global Macro, about the bursting of the “everything bubble” and the impact of rising interest rates on equity valuations. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3lEctcV. Watch the full conversation between Dario Perkins and Raoul Pal here: https://rvtv.io/3sU59hz. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:32.0

Inflation. Recession. Stagflation. Just what the hell is going on?

0:38.0

Hi there and thanks for tuning in to another Real Vision podcast. So what the hell is going on?

0:43.3

We all want to know. Here at Real Vision, we've debuted a special series called Global Recession

0:48.5

is everyone wrong. We've caught on the world's best experts, including Juliet DeClaire,

0:52.9

David Rosenberg, Peter Zahehan, Pierre Andarin, and many more to try and help us make sensitive things.

0:59.3

These real experts will be giving real vision members in-depth long-form analysis on the real stuff

1:04.6

that's happening. And best of all, you can get access to all 14 days of Global Recession is

1:10.0

everyone wrong for just $1. Yep, $1. So head over to realvision.com slash global recession.

1:17.6

That's realvision.com slash global recession to join us on this epic two-week journey of discovery.

1:34.3

Welcome to the Real Vision Daily Briefing. It's Tuesday, May 24, 2022. I'm Ash Bennington,

1:40.2

joined by Thomas Thornton, founder of hedge fund telemetry. Tommy, it looks like we got ourselves

1:46.0

a pretty ugly day here in tech stocks. Dow Jones basically flat on the day up 0.15 percent,

1:52.4

S&P 500, off 0.81 percent, closing out looks like 3,941. But the big story of the day, of course,

2:02.2

is Nasdaq minus 2 spot 35 percent closing here at 11,264, not a good day on tech stocks, not a good day

2:13.6

for social media. Tom, how are you thinking about these markets, man?

...

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