AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Snipd AI
Joining us today is David Duong, Head of Research at Coinbase, discussing macro economics, yield curves, election fears, US equities, and the recession.
Read more
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Equities are currently at high levels due to growth and outperformance, particularly in the US stock market, with concerns about equity prices as higher bond yields may impact valuation.
- The US government's significant fiscal spending has provided a boost to the US economy, which has outperformed other countries, but concerns arise as this stimulus is expected to taper off in 2024, potentially leading to a downturn.
Deep dives
Equities are high due to growth and outperformance
Equities are currently at high levels due to growth and outperformance, particularly in the US stock market. Other countries seek access to the US stock market as their economies struggle. However, there are concerns about equity prices as higher bond yields may impact valuation. The relationship between bond yields and equities is complex and not always predictable. Additionally, the correlation between crypto and equities has been low recently, with crypto outperforming equities on a risk-adjusted basis. This may be due to various factors such as increased institutional interest and positive regulatory developments.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode