Adventures In Finance: A Real Vision Podcast

The stock market continued to rally on Monday, pushing higher from Friday’s big gains with the technology sector leading the way. At the time of this writing, the Nasdaq Composite is up 1.67%. On today’s show, Jared Dillian, editor of The Daily Dirtnap newsletter, joins Ash Bennington to discuss the overall market sentiment, why he’s monitoring Tesla ($TSLA), and how he’s positioning his portfolio for the months ahead. We also hear from Howard Lindzon, general partner at venture capital firm Social Leverage, who explains why he’s worried about growth in 2023. Watch the entire interview here: https://rvtv.io/3k2caLi Learn more about your ad choices. Visit podcastchoices.com/adchoices

There’s no shortage of uncertainty as we enter a new year, but don’t blink --- you might just miss the move that makes 2023. Welcome to the latest edition of V Questions, where expert guests answer 5 questions in 1 take with zero preparation. On today’s show, Milton Berg and Mish Schneider share their thoughts on the trajectory of inflation in 2023, the likelihood of a severe recession, and what sectors and assets they believe are ripe for profits in 2023. Don’t miss this discussion of how to navigate markets in the year ahead. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to the latest edition of V Questions, where expert guests answer 5 questions in 1 take with zero preparation. On today’s show, Mike Coolbaugh, Diego Parrilla, and David Higgins share their thoughts on the trajectory of inflation in 2023, the likelihood of a severe recession, and why volatility is hardly a bad thing for prepared investors. Are you ready to ride the new wave? Don’t miss this discussion of how to navigate the markets in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

With Nonfarm payrolls coming in above estimates, and wage growth softer than expected, Atlanta Fed President Raphael Bostic said today that “the Fed needs to stay the course” with regards to raising interest rates in 2023. U.S. equities rallied on the news — essentially calling the Fed’s bluff as the market prices in a pause in the coming months and rate cuts in the latter half of the year. On today’s show, Maggie Lake sits down with Peter Boockvar, CIO of Bleakly Advisory Group, to sift through the market’s response to mixed economic data and hear why Peter believes that the Fed is almost done hiking rates. As he wrote in the latest edition of The Boock Report, Peter believes that the market won’t find a bottom “until everyone throws in the investing towel not wanting to ever own a stock again.” He’ll share where he believes we’re at in that process, and where he’s looking for opportunities along the way. Plus, we’ll also see a clip from our new series, Steno’s Signals, with Andreas Steno Larsen, on what fa

U.S. stocks are down after new employment and jobless claims data released this morning indicated a still-resilient labor market. Private-sector employment rose by 235,000 in December, according to the latest ADP employment report, well above expectations. Annual pay for “job-stayers” rose 7.3%. Meanwhile, new jobless claims came in below estimates. On today’s show, Michael Gayed, the portfolio manager at Toroso Investments and editor of The Lead-Lag Report, joins Andreas Steno Larsen to discuss what signals caused him to switch from calling for a “melt-up” to an “imminent crash” at the end of 2022, and where he believes market conditions are pointing next. Plus, we hear from David Higgins about the possibility of a 2023 recession and why it might last longer than many expect. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Federal Reserve officials believe that “substantially more evidence” of slowing inflation is necessary before the central bank cuts interest rates this year, according to the December FOMC minutes which were released Wednesday afternoon. Fed officials cited concern that inflation could prove “modestly persistent,” and said that higher rates for longer will be necessary to fight inflation. Officials agreed that rate cuts shouldn’t happen in 2023. On today’s Daily Briefing, Darius Dale, the founder of 42 Macro, joins Maggie Lake to discuss the market’s response to this news, his view of inflation, and what it all means for global assets as we navigate the year ahead. Plus, we hear from Mish Schnieder of MarketGauge.com who gives us her opinion of where inflation will head in 2023. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The first trading day of 2023 is in the books and boy was it eventful. As warmer-than-average temperatures hold up across the globe, natural gas prices are falling off a cliff. At the time of this writing, natural gas futures are down 11.8%. Oil is down meaningfully as well. Meanwhile, U.S. stocks gave up early morning gains, with Apple and Tesla leading to the downside. On today’s show, Tony and Andreas will discuss the macro dynamics that are driving this sell-off in energy and share how they’re playing the sector in the new year. Plus, they’ll discuss why Elon Musk has become a problem for the typical Tesla investor and take a look at what else you should keep an eye on in the months ahead. Learn more about your ad choices. Visit podcastchoices.com/adchoices

There’s no going back to 2019, according to Jim Bianco, and the sooner we accept reality the better we’ll be able to see new opportunities. The post-pandemic global economy is fundamentally different, and the “easy money” era is over. In the final episode of our ‘Best of 2022’ series, Raoul Pal welcomes the founder of Bianco Research for a talk about inflation and the longer-term implications of soaring consumer prices. Raoul and Jim agree on many issues – that the U.S. is already in recession, for one. But they also disagree on other big points, such as inflation. As Jim sees it, the Federal Reserve is going to crush inflation, but consumer prices are still going to settle at a higher level. This is a can’t-miss conversation between two great macro minds on a critical “Make or Break” issue. Recorded on Wednesday September 21, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Dario’s views of the global economy’s structure and how the next decade plays out are very different from those of most observers. He thinks the 1970s analogue is the wrong one to look at and that the postwar decades, the 1940s and the 1950s, provide a better framework. At the same time, he foresees a move toward a "tangible economy" and away from the "intangible economy" of the 2010s. In the fourth installment of our ‘Best of 2022’ series, Dario and Raoul talk about ramifications of this transition for inflation, growth, and interest rates. Recorded on May 12th, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

“Regionalization” is the transition from a world of stable prices and consistent growth to one of rising costs of living where the threat of global famine is real. The breakdown of an economic order framed by just-in-time supply chains requires a rethink of trade networks and relationships. Geopolitical strategist Peter Zeihan addresses these issues and more in his new book “The End of the World Is Just the Beginning: Mapping the Collapse of Globalization.” In the third episode of our ‘Best of 2022’ series, Zeihan joins Real Vision’s Maggie Lake to talk about implications of this transition, including the end of China’s time as a great power but the perpetuation of the U.S. dollar’s status as the global reserve currency. Recorded on May 31, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The transition to clean energy is an extremely important and noble cause but achieving future net-zero targets “will be very, very difficult.” That’s the message from Wil VanLoh, the Founder and CEO of Quantum Energy Partners, a private equity firm that’s been building energy companies for nearly a quarter century. Wil also happens to be a long-time friend of Kyle’s, and in the second installment of our ‘Best of 2022’ series, the pair discuss the urgency needed to address major problems in the global energy market and the necessity of the clean energy transition. As Wil puts it, “This is an issue of humanity, and if we don’t get it right, the consequences are dire.” Recorded on May 30, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Emad Mostaque is democratizing artificial intelligence. The hedge fund manager turned entrepreneur is the founder of Stability AI, the company behind Stable Diffusion, an image-generating algorithm that creates new, never-before-seen pictures. It’s the most advanced technology in AI, and Emad is bringing it to the masses. In the first episode of our ‘Best of 2022’ series, Emad shows Raoul how quickly AI is progressing, what that progress means for our future, and why he chose to make Stable Diffusion open source. This type of technology should be available to everyone in the world, Emad believes, not just corporate tech giants. His vision is AI of, by, and for the people – and with that comes great opportunity. Recorded on Wednesday October 12, 2022. Learn more about your ad choices. Visit podcastchoices.com/adchoices

U.S. equities took another tumble on Thursday as the worst December for stocks since 2018 continues. Meanwhile, Asia markets rallied on some upbeat earnings and a strengthened yen. On today’s show, the editor of The Daily Dirtnap, Jared Dillian, joins Maggie Lake to share how he’s deciphering the latest price action as we look ahead to the new year. Plus, we’ll hear from Weston Nakamura on why the Bank of Japan decided to tweak its yield curve control policy with only two meetings left in Governor Kuroda’s term. Watch the entire interview here: https://rvtv.io/3WCb335 Learn more about your ad choices. Visit podcastchoices.com/adchoices

The yen slipped slightly today after surging almost 4% on Tuesday, after the Bank of Japan surprisingly tweaked its yield curve control policy. U.S. equities are up for the second straight day, providing a glimmer of hope for a better-than-expected earnings season. On today’s show, Andreas Steno Larsen is joined by the founder of 42 Macro, Darius Dale, to discuss where we are in the global liquidity cycle and what that means for his 2023 outlook. Andreas and Darius are fielding audience questions, so be sure to get yours in. Plus, we’ll hear from Weston Nakamura on what everyone is missing in the BoJ’s hawkish turn. You can watch the entire breakdown here: https://rvtv.io/3YzHGAp Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Bank of Japan’s surprise move to change its policy and allow the 10-year JGB yield to move 50 basis points on either side of its 0% target, caught global markets off guard. In this deep dive, Weston Nakamura tells us what we’re all missing in the central bank’s slightly more hawkish tone. Learn more about your ad choices. Visit podcastchoices.com/adchoices

U.S. stocks fell to start the week, with the Nasdaq leading to the downside. As of Friday’s close, the S&P 500 had fallen 5.6% so far this month. So, how much more room is there below? Let’s see what the charts have to say. On today’s show, Katie Stockton, the founder and managing partner of Fairlead Strategies, joins Maggie Lake to share her short- and long-term outlook for the markets and review the technical risks facing investors as we head into the new year. Plus, we’ll hear from Felix Zulauf about why he sees a more brutal wave of inflation coming in 2023 and beyond, and Peter Brandt on why he’s bullish on gold in the new year. Watch the Felix Zulauf interview here: https://rvtv.io/3BFy1hI. Watch Peter Brants’ interview here: https://rvtv.io/3uNHSyb. We want to hear from you, so make sure to get your questions in. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Peter Brandt is the CEO of Factor LLC, a global trading firm he founded in 1980 that trades proprietary capital, forex, futures, fixed income, and equity markets. Brandt is widely recognized as one of the finest classical chartists in the world, and now he joins MI2 Partners’ Harry Melandri to break down why all signs are pointing to a major move in gold in 2023. Brandt also shares why he’s interested in Bitcoin and breaks down several eye-popping charts throughout the episode. Learn more about your ad choices. Visit podcastchoices.com/adchoices

You’ve never gone as deep with Real Vision co-founder and CEO Raoul Pal as you will in this special two-part episode of My Life in 4 Trades. Raoul talks to Maggie Lake about everything from his childhood in the U.K. to his early days in finance – and, of course, the most impressive trades of his career and what he learned from them. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Markets sold off again today to close the week, down drastically from Tuesday morning’s post-CPI highs. The reversal comes as central bankers in the U.S. and abroad continued to hike interest rates despite mounting evidence of a looming recession. On today’s show, Warren Pies, the co-founder and strategist at 3Fourteen Research, joins Andreas Steno Larsen to discuss what 2023 will bring, what’s driving the action in energy markets, and why he believes it’s obvious that we’ve moved past peak inflation. According to Warren, we could be de due for a sharp disinflation trend that will bring opportunities. “The future belongs to the optimists, but, for now, the pessimists are in control,” Warren wrote in his 2023 outlook report. We’ll also hear from Felix Zulauf, the CEO of Zulauf Consulting, on the major geopolitical and economic volatility that lies ahead. Watch that entire Interview here: https://rvtv.io/3BFy1hI. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Description The European Central Bank and Bank of England followed the Federal Reserve in raising interest rates another 50 basis points this morning. Meanwhile, U.S. retail sales fell 0.6% and two regional measures of U.S. manufacturing activity slipped, as consumers and producers alike feel the brunt of a contracting economy. Stocks are considerably lower on the day, with the NASDAQ down 3.75% as of this writing. On today’s show, Andreas Steno Larsen is joined by Tom Thornton, the founder of Hedge Fund Telemetry, to discuss what’s driving the latest selloff and how he’s positioning for 2023. Plus, we’ll hear from Dr. Anas Alhajji, a partner at Energy Outlook Advisors, on the difference between buying energy and buying stock of energy companies. Watch the entire Interview here: https://rvtv.io/3huD0ec. Learn more about your ad choices. Visit podcastchoices.com/adchoices