This Is the Macro Picture Going Into 2021
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 14 December 2020
⏱️ 54 minutes
🧾️ Download transcript
Summary
It's obviously been an extraordinary year for markets and the economy for reasons that don't need stating at this point. But what does 2021 have in store? Can the current trends continue? We talked with two of the smartest macro thinkers we know: Jon Turek, the author of the Cheap Convexity Blog, and Naufal Sanaullah, the Chief Macro Strategist at EIA All Weather Alpha Partners, to discuss the big themes and what to watch for next year.
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Transcript
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| 0:00.0 | Osage County, Oklahoma is getting a lot of attention right now. |
| 0:04.4 | It's the setting of Martin Scorsese's latest film, |
| 0:07.8 | Killers of the Flower Moon. |
| 0:10.0 | The movies based on a book about the 1920s Osage murders, |
| 0:14.1 | when white men poured into Osage County |
| 0:16.4 | and killed Osage people for their oil wealth. |
| 0:20.1 | I'm Rachel Adams Heard, the host of InTrust, a podcast from Bloomberg and I Heart Media. |
| 0:26.8 | For over a year I was reporting a different story about other ways white people got |
| 0:32.1 | Osage, land, land and wealth and how a prominent ranching family in Osage County became one of the biggest landowners here. |
| 0:40.0 | Their ranching empire was built on land that at the turn of the century was all owned by the Osage Nation. |
| 0:47.0 | So how did they get it? |
| 0:49.0 | Listen to the award-winning podcast, Trust on the I Heart Radio app Apple |
| 0:55.3 | Podcast or wherever you get your podcast. Hello and welcome to another episode of the Odd Lots Podcast, I'm Tracy Allaway. |
| 1:15.0 | Tracy Alaway. |
| 1:18.0 | Tracy, so obviously markets continuing to have an extraordinary year, at least risk assets for the most part, |
| 1:26.0 | stocks continue to power to new all-time highs all around the world, optimism breaking out, |
| 1:32.0 | but I'd say like the the nature of the |
| 1:36.4 | stock market rally or the nature of the market rally in general is sort of taken on a |
| 1:41.1 | different complexion lately. |
| 1:42.6 | I think people have been nervous about valuations for some time and the idea that even though we've had |
| 1:49.6 | the biggest pandemic in over 100 years, which has really eaten into economic activity. We still |
| 1:55.1 | have stocks at a record. People sort of naturally feel a little bit nervous about |
... |
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