Real Vision: Finance & Investing

In Jeff Booth’s eyes, money is just information, and we desire the feeling we get when we have more of it. It’s also why, according to Booth, that money is being manipulated by central banks at an unprecedented rate to avoid a collapse in the credit system. So, how do we make things better? There is no perfect solution. But Booth sees a clear favorite, capable of delivering inordinate societal value. The popular author and serial entrepreneur joins Harry Melandri to talk about Bitcoin’s potential – noting that network effects are only making the world’s No. 1 cryptocurrency stronger over time. Never miss an episode of Next Big Trade - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

KPTL Arbitrage Management is one of the few crypto hedge funds that managed to profit from Terra’s crash. Its founding partner, Jay Janer, sheds insights on his journey from TradFi trading desks at Lehman Brothers and Morgan Stanley. He shares his approach to navigating the world of digital assets and explains why agility is a key characteristic of successful traders, regardless of asset class. Never miss an episode of My Life in 4 Trades - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nonfarm payroll growth slowed to 263,000 in September, in line with expectations, even as the U.S. unemployment rate ticked down to 3.5% from 3.7%. Combined with the relatively slow pace of firings, the Federal Reserve has all the data it needs to proceed with another 75-basis-point rate hike in November. But, as Peter Boockvar notes, the unemployment rate and initial jobless claims are lagging indicators. “My issue with the Fed,” notes Boockvar, “remains that after over-medicating us over the past few years that now shock therapy is overkill.” Boockvar joins Maggie Lake for today’s Daily Briefing to talk about how far the Fed will go to get what it wants. We also share a sneak preview of a conversation between Julia Pollak, the chief economist at ZipRecruiter, and Maggie Lake about how the U.S. labor market has changed in the aftermath of the COVID-19 pandemic. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stocks drifted mostly lower Thursday, as investors look to Friday’s nonfarm payroll data for signs the U.S. labor market is finally beginning to break. New applications for unemployment benefits did tick up to 219,000 from a revised 190,000 the prior week. That’s not going to move a Federal Reserve that only gets more hawkish with each stock-market rally – and that seems hell-bent on driving up unemployment as a means of bringing down inflation. “We believe central banks have finally realized that negative nominal yields have been a very big mistake,” notes Diego Parilla. Parrilla, portfolio manager at Quadriga Asset Managers and the author of "The Anti-Bubbles,” joins Maggie Lake to talk about central banks and the policy divergences among them that could make for historic volatility. We also hear from James Davolos about how to pick stocks in a new, higher-for-longer inflationary regime. Watch the full interview featuring James Davolos and Samuel Burke here: https://rvtv.io/3CAD97E.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

The U.S. dollar bounced back on Wednesday, its showing of strength once again a bane to equity markets, as interest rates also ticked higher for the first time in a few days. OPEC+’s decision to cut daily production by 2 million barrels is today’s main story, driving up crude oil prices by more than 1% and making energy the only sector moving higher in the S&P 500 today. Riding an impressive trading streak, Thomas Thornton, the founder of Hedge Fund Telemetry, joins Maggie Lake to talk about markets from a tactical perspective. We also hear from Michael Nicoletos about his sense that something is going to break and where it’s likely to happen. Watch the full interview featuring Michael Kao and Michael Nicoletos here: https://rvtv.io/3SIfzvA.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Stocks surged for a second straight day, with all three major U.S. equity indexes rising more than 2% on what seems to be rising hope the Federal Reserve will indeed pivot from its aggressively hawkish inflation-fighting stance. Meanwhile, OPEC+ is considering an output cut of more than a million barrels per day, a historic move that could push crude oil back toward the $100-per-barrel mark. With the world’s most important cartel meeting in Vienna on Wednesday to decide the next phase of production policy, Maggie Lake welcomes Tony Greer of TG Macro to talk about what’s happening with energy and the broader commodities space and what it means for markets and the global economy. We also hear from George Magnus about the impact of “zero Covid” on China’s economy. Watch the full interview featuring George Magnus and Maggie Lake here: https://rvtv.io/3yeafro.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Dow Jones Industrial Average led the three major U.S. equity indexes higher on the first Monday of October, rising more than 700 points and 2.5% by midday. That’s despite the fact the Institute of Supply Management’s gauge of factory activity slipped to 50.9 in September, its lowest print since May 2020. The U.S. housing market is also slowing rapidly, with median home prices now falling as fast as they did in January 2009. Meanwhile, Credit Suisse is evoking Lehman Brothers, and U.K. Prime Minister Liz Truss has abandoned her new government’s tax-cut plan. Maggie Lake welcomes Darius Dale, the founder of 42 Macro, to talk about the significance of today’s price action, and Weston Nakamura joins the conversation to discuss the ongoing policy confusion among global fiscal and monetary authorities. We want to hear from you too – please share your questions in the comments! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Raoul Pal recently participated in a Portal Asset Management webinar to talk about the current macro environment, growing global recession fears, developments in the crypto market, and much more. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cheap valuations, realistic catalysts for earnings growth, and a relatively young, educated population have Maciej Wojtal feeling very bullish on Iran and its economy. Wojtal, the founder and chief investment officer of Amtelon Capital, joins Harry Melandri to explain his optimism about a nuclear deal and to make the investment case for Iranian stocks and the Iranian rial. Never miss an episode of Next Big Trade - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Brent Donnelly has spent most of his life in markets. He got into forex while working for top-tier banks in the U.S. He traded the dot-com bubble with his own money. And he was at Lehman Brothers when it collapsed. In this special episode of My Life in 4 Trades, Brent shares with guest host Andreas Steno Larsen his perspective on trading, including the big regrets that became some of his best lessons. Never miss an episode of My Life in 4 Trades - subscribe here. Learn more about your ad choices. Visit podcastchoices.com/adchoices