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Real Vision: Finance & Investing

Waiting for Inflation, SPACmania, and Dislocations in the Cannabis Bull Market

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.11.1K Ratings

🗓️ 10 February 2021

⏱️ 28 minutes

🧾️ Download transcript

Summary

DB:Feb 10,2021: Real Vision editors Max Wiethe and Jack Farley delve into what Fed Chair Powell’s remarks indicate about the future of monetary policy and the economy. Max catalogs the rally in cannabis equities and notes that the bulk of the euphoria seems to be located in Canadian pot stocks, which may not be as favorable as their U.S. counterparts. After noting the tremendous volatility in MicroStrategy Incorporated ($MSTR), Jack and Max interpret what today’s reading for the Consumer Price Index, which fell slightly below expectations, means for reflation trades such as banks and energy. They close by giving a sneak peek of upcoming interviews with Julian Brigden, Howard Marks, Joel Greenblatt, and Lyn Alden as part of the “Is Everything a Bubble?” series. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:29.4

Welcome to the Daily Briefing. So much to get into. Pot stocks are on a tear. The consumer

0:46.9

price index came out today. Fed chair Powell made his remarks about the future of monetary

0:51.9

policy and the economy. There's so much to talk about. And to make sense of that and

0:56.3

more, we are joined by real vision editor, Max, how are you doing? Doing well, Jack. Thanks

1:02.4

for having me. I'm excited to be on the other side of the table, the virtual table today.

1:07.7

So, you know, where do you want to start? I think I want to start with an area that's

1:13.1

close to your heart. Pot stocks, some marijuana stocks, I'm talking companies like Tille

1:19.5

Ray, Canopy Growth, have been on an app. They are, they are riding the rocket ship and

1:28.0

particularly Tille Ray. And Max, I know you are an investor in this space. So, what do

1:33.1

you make of this price action other than the fact that you're, I'm sure you're overjoyed?

1:36.5

Yeah. So, yeah, full disclosure. I do own a handful of cannabis stocks and I have to

1:41.3

say, you know, Todd is God. So, Todd Harrison, real vision contributor has been the guy who

1:47.1

has really been, you know, educating me on this and as much as I'm going to try and steal

1:52.2

some of his insight today, he is coming on real vision next week to talk about this considering

1:56.7

the massive run that we've seen since he came on with TG back in the end of 2020. And

2:04.1

yeah, what you're seeing right now is really just an incredible run in these stocks really

2:09.2

across the board. But interestingly, it's the Canadian stocks that are running, which doesn't

...

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