Tony Greer - When the Bond Market Speaks, I Like to Listen

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 19 January 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

DAILY BRIEFING: Tony Greer of TG Macro tells senior editor Ash Bennington why he has derisked as market sentiment spikes and the bond market continues to sell-off. Looking at indicators such as the put-to-call ratio and open call positions, Tony explains why he has sold off a series of his risk positions, most notably because of the inauguration tomorrow of President Elect Biden. Tony shares with Ash his plan of attack for various assets including grains, fertilizer stocks, and railways, which he sees as an apt way to trade rising inflation expectations. Ash and Tony discuss the continuing ascent of cryptocurrencies, and Tony describes the signals he is looking for in order to go full risk-on. In the intro, Real Vision’s Haley Draznin recaps the market sentiment the day before President-elect Biden’s inauguration. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Whether it's an under the radar genre or a proper out there podcast, sometimes it's better when you get weird, especially when it comes to switching up your soft drink, introducing new Dr Pepper Zero
0:12.6	with the same blend of 23 unique flavors,
0:15.4	it tastes just as weird as regular Dr Pepper,
0:18.9	but with zero sugar and zero calories.
0:21.7	It's a taste you can't quite put your finger on.
0:24.1	Weird. But in a surprisingly good way, try more weird with Dr Pepper Zero. Welcome to Real Vision.
0:33.0	It's Tuesday, January 19, 2021, just after market close in New York.
0:48.0	This is the Real Vision Daily Briefing.
0:51.0	I'm Ash Bennington, joined shortly by Tony Greer, but first with
0:55.3	the day's stories, Haley Drasden. Hey Ash equities are on the rise today.
0:59.7	We saw gold up earlier. Now it's relatively flat on the day.
1:03.7	Bitcoin was up too earlier but has since lost most of its gains however it's still up
1:08.7	from yesterday.
1:09.7	An optimistic tone overall though the day before President elect
1:13.9	Biden's inauguration.
1:15.6	Investors were watching Treasury Secretary nominee Janet Yellen
1:19.5	testify at her confirmation hearing today
1:22.3	and lay out the case for the
1:24.0	Democrats 1.9 trillion relief package. Investors are coming back to the
1:28.8	reflation trade betting that the incoming Biden administration will use its legislative
1:34.2	firepower to propel economic growth. With interest rates at historic lows,
1:39.1	Yellen says, quote, the smartest thing we can do is act big.
	...

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