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Pro MacroInsider Talks

Inside the Episode - Insider Talks (Feb 2021)

Featuring Roger Hirst

Feb 11, 2021 • 37 minutes

519

31

Pro Macro

Insider Talks

Inside the Episode - Insider Talks (Feb 2021)

Real Vision managing editor Roger Hirst breaks down the most central points of discussion from February's episode of Insider Talks.

Featuring Roger Hirst

Feb 11, 2021 • 37 minutes

In the latest installment of “Inside the Episode,” Real Vision managing editor Roger Hirst breaks down the most central points of discussion from February’s episode of Insider Talks. He explains the rare equity set-up that Raoul and Julian are observing—from options trading at record highs due to retail and high-frequency trading to market makers being short gamma to mutual funds having record low levels of cash, this has generated a scenario where hedge funds’ stabilizing influence has been dramatically reduced. Roger shares how this set-up has played a key role in what occurred with GameStop and leads to bigger questions about whether the conviction behind the reflation trade has been one of dollar reflation and speculative positioning or true growth reflation. Analyzing the recent movements of Treasury yields and comparing them to their prior behavior during other recessionary periods, he considers how commonplace the inflation narrative is and how much of that is priced in. As central banks have continuously supported markets with quantitative easing, Roger points out how they have become a critical part of the correction mechanism, which has made market fragility more apparent and volatility more extreme, and how, in turn, this dynamic can inflict more damage upon the real economy. Show More

Real Vision co-founder and CEO Raoul Pal walks viewers through his latest research alongside MI2's Julian Brigden. Insider Talks provides viewers exclusive access to analysis, flash updates, and the live program of Macro Insiders, a proprietary research service by Global Macro Investor founder Raoul Pal. Raoul and Julian use macroeconomic analysis to provide clients specific trade recommendations across all asset classes. Available to all Real Vision Pro Macro members and above.

More Episodes

Real Vision co-founder and CEO Raoul Pal walks viewers through his latest research alongside MI2's Julian Brigden. Insider Talks provides viewers exclusive access to analysis, flash updates, and the live program of Macro Insiders, a proprietary research service by Global Macro Investor founder Raoul Pal. Raoul and Julian use macroeconomic analysis to provide clients specific trade recommendations across all asset classes. Available to all Real Vision Pro Macro members and above.

More Episodes

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