"The Death Knell for Leverage"
Darius Dale, managing director at Hedgeye, returns to Real Vision to discuss with Real Vision’s managing editor Ed Harrison the macro headwinds that investors face. Using Hedgeye’s quad model, Dale reviews how growth and inflation are slowing rapidly at the same time, and Dale discusses the types of assets that perform well in this environment. Dale analyzes current valuations in light of current business conditions and places them within the context of the capex and credit cycles. Dale and Harrison also discuss the prospect of a “double-dip” recession as fundamentals continue to deteriorate but central bank policy loses its efficacy. Filmed on June 8, 2020. Find Dale’s charts here: https://rvtv.io/2YkC3Yo