COVID-19 Spiraling Out of Control, Whipsawing Crypto, and the Coiled Snake of Macro

Published on
January 22nd, 2021
Duration
42 minutes

The Fed’s Quandary: Speculative Fervor Around Inflation Expectations


COVID-19 Spiraling Out of Control, Whipsawing Crypto, and the Coiled Snake of Macro

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Raoul Pal

Published on: January 22nd, 2021 • Duration: 42 minutes

Real Vision CEO Raoul Pal joins senior editor Ash Bennington to share his latest thoughts on COVID-19, market froth, and cryptocurrency. Using models from his latest Real Vision Pro report, “Wile E. Coyote,” Raoul plots several dire situations for COVID-19 deaths. Raoul then talks about why he may smell “fire in the room” in the equity market, looking at indicators such as call option volume, activity in the pink sheet stocks, and the sky-high use of margin. Raoul and Ash then discuss the recent pullback in Bitcoin, and Raoul tells Ash what he thinks of alt coins and the risk/reward they offer to investors. Raoul reflects on the recent flatness in bond yields and the dollar, and he explores whether macro investors are turning toward crypto markets because that’s where the action is happening. In the intro, editor Jack Farley breaks down today’s economic data release for the PMIs from Germany, France, and the U.S. as well as IBM’s earnings disappointment.

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