We Have a Bear Market. Is a Recession Next?

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 14 June 2022

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

“I'm genuinely spooked,” Jared Dillian tweeted late Sunday night, as Asian markets opened sharply lower and U.S. equity futures pointed to a bleak Monday open on Wall Street, “and I don't spook easily.” Two hours shy of the close, every stock in the S&P 500 is down for the day, and that index is in “official” bear market territory. The yield on the two-year U.S. Treasury note has surged past the 10-year, a dramatic inversion that’ll surely fuel talk of recession. Dillian, the editor of The Daily Dirtnap, is not waiting around to position for that eventuality and a bear market too: “70% of my portfolio is gold and bonds.” Dillian joins Real Vision’s Ash Bennington to talk about today’s price action. And our expert on the ground in Asia, Weston Nakamura, drops in for an update on a critical aspect of the global financial system ahead of this week’s Federal Open Market Committee meeting. We also share a segment from today’s Cryptoverse Breaking News about the crashing crypto market. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3OdWgaM. Watch the full Cryptoverse Breaking News segment here: https://rvtv.io/3txRgpg Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:03.4	Enjoy the show.
1:13.8	Welcome to the ReoVision daily briefing.
1:15.3	It's Monday, June 13, 2022.
1:19.0	I'm Ash Bennington.
1:20.4	Join today by Jared Dillion, editor of the daily dirt nap and also later on we'll be joined
1:26.1	by ReoVision's own Weston Nakamura for an update from Tokyo on the BOJ and JGB yields.
1:33.6	Let's take a quick look at what's happening in markets, not a good day to put it mildly.
	...

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