What's the Message From Recent Price Action? LIVE From San Diego

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 5 April 2022

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today marks 40 days since Russia invaded Ukraine. U.S. equity indexes hold solid gains as we near Monday’s close in New York, with Asian and European stocks having already ended normal trading sessions well in the green. Energy commodity prices continue to react to developments in Eastern Europe, with crude oil rising today on reports the European Union is planning to impose more sanctions on Moscow. A key section of the U.S. Treasury yield curve remains inverted after the two-year exceeded the 10-year last week. The issue of inflation and the question of recession loom ahead of Wednesday’s release of the minutes from the March meeting of the Federal Open Market Committee. Meanwhile, shares of Twitter soared 30% after Tesla CEO Elon Musk revealed in a regulatory filing that he’s taken a 9.2% stake in the social media company. Real Vision is in San Diego for this week’s Macro Experience event, where we’ll have a chance to meet face to face with some of our favorite guests. Thomas Thornton, founder of Hedge Fund Telemetry, joins Maggie Lake to talk markets and stocks on today’s Daily Briefing. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3j6CBvI Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Real Vision's Daily Briefing. It's Monday, April 4th, and we are
0:10.8	coming to you live from the Real Vision macro experience event out in San Diego. And look
0:16.5	who's here with me. Tommy Thornton, know from hedge fund telemetry. He's here along
0:22.0	with a lot of our other all-stars, and we're going to be unpacking a lot of topics. Tommy,
0:27.3	great to see you. Nice seeing you. It's great to finally meet and do this in person. It's fantastic.
0:32.7	That's right. This is the first time Tommy and I are meeting, even though you guys see us live
0:36.2	all the time. I know. And it's a perfect time, right? It's going to be a great week to talk about
0:40.0	this because we have a lot going on in the markets. It's midday here. We know you, the US stocks just
0:45.6	closed, though. And it kind of feels like we're in this a little bit of a holding pattern. We saw
0:50.0	stocks rally tape. It's a big moves Twitter. We're going to talk about that in a moment. But it seems
0:54.1	like this pause and everyone's trying to figure out what comes next. So why don't you just sort of
0:59.1	set the scene for us? Where are you thinking about the markets? Well, we've seen extremes. We were
1:04.9	at extremes coming into the year at the highs. And then we just had a major buying opportunity.
1:11.9	And now we're kind of fading a little bit. And we had the mega cap stocks leading the charge
1:18.0	today. And the equal weight S&P was mostly flat. I just think that right now it's a little
1:24.5	precarious. I think that earnings starting in the next week are going to be really a big tell
1:30.8	of what's happened with inflation, wage inflation, input costs across the board are really going
1:37.6	to affect a lot of companies. And consumer demand too. And consumer demand. I think there are
1:43.5	some signs that there is some demand destruction starting. So we'll see. Well, we know that people
1:50.2	are feeling inflation. We know that, which is a question is how much is it sort of impacting
1:54.4	their behavior? And how much is showing up now? And what's coming? I mean, it's it's a really
1:59.0	hard time to gauge what's happening, right? Because you have. And I think this is one of the themes
	...

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