Why A Longtime Bull Just Flipped Very Bearish On The Stock Market
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 15 July 2019
⏱️ 38 minutes
🧾️ Download transcript
Summary
There's always bears out there predicting that the stock market will tank. But many of them aren't worth listening to because they're always saying the same thing, regardless of the market environment. What's interesting, though, is when a longtime bull changes his or her mind. On this week's Odd Lots podcast, we speak with Bloomberg's very own macro strategist Mark Cudmore. He's been consistently bullish and optimistic about the market and the economy since 2011. But, in the last several weeks, he's flipped his view and is now warning about a recession and a market tumble. On this episode, he explains his reasoning.
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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. |
| 1:00.0 | Hello Odd Lots listeners it's Joe Wthaw, and I just wanted to make a special programming note before you listen to today's episode. |
| 1:09.0 | We recorded this episode on Wednesday, June 26th, so several weeks ago, and because this discussion is related to |
| 1:17.9 | specific events coming up, specific forecasts of the world economy, the world markets we wanted you to be aware of |
| 1:25.8 | when it was recorded so that anything that's happened subsequently you can put in context in |
| 1:31.9 | case things have changed a little bit. |
| 1:34.0 | It's still an interesting, timely and relevant discussion in the grand scheme of things, |
| 1:39.0 | but we just wanted you to be aware of exactly when we had this chat. |
| 1:43.0 | Hello and I'm Tracy Alaway. |
| 1:58.0 | Hello and welcome to another episode of the Odd Lots podcast. I'm Joe Isinthall. |
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