Published on: April 12th, 2021 • Duration: 42 minutes
Real Vision managing editor Roger Hirst breaks down the most central points of discussion from April’s episode of Insider Talks, which were how the macro environment has become more lethargic recently and Raoul and Julian’s disagreement about how long-lasting inflation will become. Roger points out how Archegos Capital Management recently blowing up had little effect on markets—when an event like that in other circumstances may be more impactful—and he considers how Archegos is another example of how a seemingly isolated event may be driven by underlying market forces. He also tackles the nuances surrounding the inflation debate by parsing out inflation expectations, nominal yields, and real yields. He explores the progression of the global growth story through examining China’s role, EM currency weakness compared to the dollar, and where some of the biggest action in bond markets is originating from. Finally, Roger lays out how all of these elements connect together and what it means for markets going forward.