By Voices of Wall Street
Market BanterMar 16, 2021
The Rotation Into Non-Tech Growth Stocks and Upcoming Real GDP Surge
Jason Ware, Chief Investment Officer and Chief Economist at Albion Financial, joins to discuss the recent shift in investor appetite from tech growth to non-tech growth, outlook for the strongest real GDP growth in decades, and expectations for 10-year treasury yields.
Osprey Funds CEO on New Bitcoin Fund and Crypto as a Savings Vehicle
Greg King, CEO of Osprey Funds, joins Market Banter to discuss the launch of his new bitcoin fund, and explain why the most opportunistic use-case for bitcoin is as a savings vehicle.
From Referees to Players: How Central Banks Are Pulling the Strings of Markets
Corey Hoffstein, Chief Investment Officer at Newfound Research, joined the Market Banter podcast to discuss why he thinks the shifting role of the central banks from passive referees to active players in markets is creating a systemically dangerous situation.
Will Biden's Stimulus Package Push Inflation Over the Edge?
Inflation is the topic du jour in the financial world as government spending speeds ahead, the Fed brushes off any concerns of rising prices, and assets such as dogecoin run loose. Hannah Lang, Reporter at American Banker, joined the Market Banter podcast to break down the latest.
The Trick to Avoiding the Biggest Losers in the Stock Market
The key to outperformance in the stock market is identifying and avoiding the losers, not the winners, according to Julian Koski, co-founder and Chief Investment Officer at New Age Alpha. Koski joined the latest episode of Market Banter to chat about New Age Alpha’s investment approach that is centered around mitigating the risk associated with human behavior.
Inside the Federal Reserve's 2021 Playbook
Zachary Griffiths, Macro Strategist at Wells Fargo Securities, joined to react to the Federal Reserve's first meeting of 2021, lay out Jerome Powell's next moves as it relates to interest rates and asset purchases, and break down the realistic expectations for President Biden's stimulus package.
Debating the Fed's Performance, Health of Economy with Oxford Economics' Chief Economist
Gregory Daco, Chief Economist at Oxford Economists, joins to discuss his optimistic view for the economy and argues that the Fed's strategy of injecting endless money into the economy was necessary to avoid an economic collapse.
The Bull Case for SPACs to Maintain Momentum Through 2021
Defiance ETFs is an exchange-traded funds (ETFs) sponsor and registered investment advisor focused on thematic investing. The company was behind the first-ever SPAC ETF. Sylvia Jablonski, Chief Investment Officer of Defiance ETFs, joined to break down what exactly a SPAC is, the advantages of investing in an ETF SPAC vs. individual SPACs, the upside with 5G technology, and more.
Greenwood's Mission to Keep Dollars in the Black Community Through Digital Banking
Greenwood, a digital mobile banking experience made for Black and Latinx customers and co-founded by rapper Killer Mike, is built on the principle that higher circulation of dollars in communities leads to greater economic stability and opportunities for economic growth. We spoke to Reese Giddins, President and CTO at Greenwood, about how the company is helping underbanked communities and combating unequal banking opportunities. Hosted by Dion Rabouin and Dan Enfield.
Exclusive: Mario Draghi, Former President of the European Central Bank, Talks About Growing Insolvency Crisis
We talk about the state of central banking with "The Dove" himself, Mr. Whatever it Takes, former European Central Bank president Mario Draghi. In a short and sweet interview Draghi talks about the growing insolvency crisis and how businesses will survive in the current economic environment and the one that's coming.
Don't Put All Your Chips in Growth Stocks, Says Fidelity's Director of Global Macro
Jurrien Timmer, Director of Global Macro at Fidelity, joins Voices of Wall Street's Market Banter podcast to debate whether investors should go all-in on growth stocks.
Genomics as an Emerging Investment Opportunity
Ali Urman, Genomics Analyst at Ark Invest, joins Voices of Wall Street's Market Banter podcast to discuss which companies are best positioned to capitalize on innovation in gene therapy and gene editing.
The Refrigeration Trade: What the Vaccine Means for Cold Storage Investments
Scott Crowe, Chief Investment Strategist at CenterSquare Investment Management, joined to discuss how online grocery trends, an increasingly affluent society, and an eventual vaccine impact real estate investments tied to Cold Storage warehouses.
Real Talk About REITs: The Bull Case for Commercial Real Estate in Your Portfolio
You don't need pockets as deep as Jeff Bezos' to get investment exposure to commercial real estate. John Worth, EVP of Research and Investor Outreach at Nareit, an association representing the commercial real estate industry, shares with us how easy it is to invest in REITs and why he expects a rebound in properties such as hotels and other leisure properties that have been affected by the dramatic drop in tourism.
Dion and Dan also talk about the election impact on markets, and how Ant Financial's IPO halt is a wakeup call for Jack Ma and a reminder to him for "who his daddy is."
Big Tech's Resiliency in the Face of Weak Ad Market and Regulatory Threats
Economic fallout from the inability to contain the Coronavirus combined with regulatory threats from politicians rank as top risks for big tech, but any pull-back in companies such as Facebook, Alphabet, and Twitter should be seen as a buying opportunity, says CFRA Tech Analyst John Freeman. We spoke with Freeman about his outlook for tech, why threats to break up big tech could be more bark than bite, and the health of the digital ad market.
Heat Check on Zoom, Fastly, and Bitcoin
The Anti-Bubble Portfolio Strategy, and Why the Central Bank's Money-Printing Addiction Could Spell Doom
Diego Parrilla, Chief Investment Officer at Quadriga Asset Managers, joins to discuss his Anti-Bubble investment process of identifying artificially cheap assets, and explain his view that the U.S. is putting its financial system in a dangerous position by sticking with policy that is designed to prevent a bubble from collapsing at all costs.
The Blockbuster Antitrust Report Seeks to Rewrite the Rules on Corporate Power
The U.S. government is weighing changes to antitrust law that could represent a dramatic shift in who sets the rules for the global economy. We spoke to David Dayen, Executive Editor at The American Prospect and Author of Monopolized, and Joshua Wright, Law Professor at George Mason's Antonin Scalia Law School, Executive Director of Global Antitrust Institute, and Former FTC Commissioner, about how Congress's proposals to rewrite antitrust law could change who sets the rules for the global economy. The duo also talks about how putting a cap on Big Tech's power would impact Americans, the economy, and innovation.
Gold as a Hedge Against the Fed's Wizardry
If you think that the central banking model and the fractional reserve banking model globally is destined to fail at some point, then gold is the answer to hedge against a collapse, according to Chris Irons, Founder of Quoth the Raven Research and Host of the Quoth the Raven Podcast. Irons joined Market Banter to share his belief that the idea that the Fed can "continue to abuse the laws of economics, and really the laws of common sense, the way that central bankers have and that there's a way to do that in perpetuity... is a mathematical impossibility." Dion and Dan also chat about the Playboy SPAC.
The End of the Reopening Trade, Another Wells Fargo PR Mess, and Trevor Milton's Meltdown
The recent sell-off is residual damage from the Softbank trade being unwound, according to Joe Brusuelas, Chief Economist at RSM. Brusuelas says "Real Money" traders are pulling back on risk due to what's going on in the political sector, and a portion of retail traders are shifting their money back into sports betting. We also react to the Wells Fargo CEO blaming a lack of diversity on "a very limited pool of Black talent to recruit from," and discuss the controversy surrounding electric vehicle company Nikola and its founder Trevor Milton.
Why Apple Won't Buy Peloton, Federal Reserve Is Hiding Behind Inflation, and Digital Sports Betting's Big Moment
- Apple made a few big announcements, including the Apple One services bundle that features combinations of Apple Music, Apple TV+, Apple News+, Apple Arcade, iCloud, and Apple Fitness+. Laura Martin, Senior Research Analyst at Needham, joined to discuss why investors are underestimating the upside that bundled services can bring to Apple's bottom line.
- Apple's venture into digital fitness had some debating whether the new Fitness+ service will eat into Peloton's business and sparked speculation of an eventual Apple acquisition of Peloton. Martin weighs in on why she thinks Apple has no interest.
- The Fed's willingness to keep rates at zero through 2023.
- DraftKings piles up on partnerships and Barstool Sports launches its sportsbook as the companies prepare for a sports betting war.
The Government-Sparked Frenzy Across Options, Robinhood, and the Rest of the Market
The Fed has investors' backs, and that's creating a sense of safety that's fueling speculation across the options markets and with many retail investors, according to Jim Bianco, President of Bianco Research. Bianco calls the government's actions and the resulting investor behavior a new dynamic in the market and warns that the trading frenzy could end badly. In our interview with Jim, he shares his outlook for the stock market and lays out his expectations for a correction.
The Virus is the "Boss" of the Economy, and Why the Election Will Determine the Speed of Recovery
It’s time for investors to put the presidential election on their radars and measure the economic impact of Trump running it back for a second term vs. Biden taking control of the Oval Office. To get an idea of what’s at stake for the economy in November, we spoke with Austan Goolsbee, Professor of Economics at the University of Chicago Booth Business School, and former Chief Economist for President Barack Obama’s Economic Recovery Board. He calls this election the most important one of our lifetime and points out how certain policies could determine the timeline of an economic comeback.
Dion and Dan also break down the bubbly valuations across assets including stocks, baseball cards, and watches, and touch on the broken economics of college sports.
The Fed's Grip on Stocks, Inflation on the Loose, and the Case for Why the U.S. is Not in Recovery Mode
The Fed is showing no sign of taking the training wheels off of the economy. In his Jackson Hole speech, Fed Chair Jerome Powell said the central bank is ditching its policy of preemptively raising rates to slow down inflation. What does the Fed taking the leash off of inflation mean for your money and the economy? Darius Dale, Managing Director and Partner at Hedgeye, joined to discuss his view that the economy is transitioning to a recession from a depression, why the dollar should be shorted, and how the capitalist system is keeping too many Americans on the outside looking in.
Cities are Not Dead, the Stock Market's Bizarre Recovery, and the Boom in Precious Metals
The inaugural episode of Market Banter hits on the S&P 500’s bizarre rise to a brand new all-time high, the supposed death of big cities, and the boom in precious metals. Jenny Schuetz, an urban economist and Fellow at the Brookings Institute, joined us to explain why claims that cities are going to die are grossly exaggerated and to discuss how the pandemic is threatening affordable housing.