RiskReversal Pod Accidents Will Happen in Financial Markets with Rebecca Patterson
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Oct 27, 2023 Rebecca Patterson, former chief investment strategist at Bridgewater Associates, joins On The Tape to discuss headwinds for the financial sector, rates higher for longer, her outlook on the U.S. equity market, the bull case for bonds, gold, political uncertainty impact on the stock market, the energy space, and potential economic system breakage.
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Accidents in Financial Markets
- Accidents are occurring across various markets, including stocks, commodities, and currencies.
- These seemingly isolated events have significant consequences for the overall financial landscape.
Market Accidents and Leadership Change
- James Gorman's departure from Morgan Stanley suggests awareness of potential market downturns.
- The ECB acknowledges stagflation, while the Bank of Japan's actions will likely impact global markets.
Earnings Season Volatility
- Earnings season reveals a minefield of single-stock volatility, impacting even large tech companies like Alphabet and Microsoft.
- The hype around AI seems to be waning, as evidenced by Nvidia's stock correction.