Tesla’s Bitcoin Wager, Rising Yields, and Ed’s Take on the Banks

Published on
February 8th, 2021
Duration
32 minutes

Raoul Pal on Bubbles, Short Squeezes, and Systemic Market Risk


Tesla’s Bitcoin Wager, Rising Yields, and Ed’s Take on the Banks

Daily Briefing ·
Featuring Jack Farley and Ed Harrison

Published on: February 8th, 2021 • Duration: 32 minutes

Real Vision managing editor Ed Harrison and editor Jack Farley discuss Tesla’s decision to buy $1.5 billion worth of Bitcoin as a reserve asset on its balance sheet. They then analyze how rising yields on the 10-year and 30-year Treasurys will impact growth stocks as well as bank net interest margins. Using bank profitability as a jumping-off point, Jack notes that the S&P 500 Financials Sector SPDR ($XLF) is at all-time highs, and Ed analyzes why this could be the case, sharing his outlook on the future of the U.S. banking industry. Lastly, Jack and Ed give a sneak peek of the interviews coming up for the “Is Everything a Bubble?” campaign with Howard Marks, Joel Greenblatt, Mark Cuban, Felix Zulauf, Lyn Alden, Lacy Hunt, Tom Steyer, Mark Yusko, Danielle DiMartino Booth, Steve Clapham, and many other investors. To share your thoughts about “Is Everything a Bubble?” on the Real Vision exchange, click here: http://rvtv.io/3ju1T6q.