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Bloomberg Surveillance
Single Best Idea with Tom Keene: Larry McDonald & Max Kettner
Apr 4, 2024
Financial analyst Larry McDonald and economic strategist Max Kettner discuss market updates, passive investing risks, and the impact of interest rate volatility on equity multiples. They also touch on HSBC experts, social media presence, and upcoming events.
07:50
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Quick takeaways
- Passive investing can distort markets with its massive 35 trillion dollar influence.
- Interest rate volatility, not specific yields, plays a crucial role in equity performance.
Deep dives
Passive Investing Distortions
The podcast discusses the impact of passive investing on the market, highlighting concerns about excessive reliance on passive investing strategies. The speaker emphasizes how the vast amount of money tied to passive investments, estimated at around 35 trillion dollars, can lead to market distortions. Using examples like the significant weight of certain stocks in indexes and the potential risks of herd behavior, the podcast underscores the importance of active engagement and critical thinking in investing to mitigate these distortions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode