Market Banter

The Rundown: 

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. 

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 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.  

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.

This episode takes a deep dive into the housing and property market, breaks down the jobs report, and explains the movement in prices of gold & precious metals.