What Goes Up

The swift rise in Treasury yields that triggered some wild swings in the stock market stopped this week – at least temporarily. Shawn Snyder, the head of investment strategy at Citi Personal Wealth Management, joins the “What Goes Up” podcast to discuss what caused yields to cool off and what to expect next.  

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Financial markets have become obsessed with the possibility of faster-than-normal inflation this year as economies reopen from Covid lockdowns. But inflation is a nuanced concept, so what different types of price rises should we expect? And most importantly, what does it all mean for markets in 2021? Joining the "What Goes Up" podcast this week to discuss this and other timely market topics is Philip Lawlor, head of global investment research at FTSE Russell.

Mentioned in this podcast:

Market Brawl Breaks Out Ahead of Fed With Tech, Bitcoin Battered

15th century bowl found at yard sale sells for $722,000

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A few decades ago, nobody really questioned vaccines. They were viewed as a standard part of staying healthy and safe. Today, the number of people questioning vaccines risks prolonging a pandemic that has already killed hundreds of thousands of Americans. How we got to this moment didn’t start with the rollout of vaccines or in March 2020, or even with the election of Donald Trump. Our confidence in vaccines, often isn't even about vaccines. It’s about trust. And that trust has been eroding for a long time. Doubt, a new series from Bloomberg’s Prognosis podcast, looks at the forces that have been breaking down that trust. We'll trace the rise of vaccine skepticism in America to show how we got here — and where we’re going. Doubt launches on March 23. Subscribe to Prognosis today on Apple Podcasts, Spotify or wherever you get your podcasts.

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Bond yields are rising, commodity prices are jumping, and stock markets around the globe are soaring. To David Adams, the chief investment officer at Reminiscent Capital, it all adds up to a single message: Central banks around the world have just gone too far. Based in Sydney, Australia, Adams discusses the implications.

Mentioned in this podcast:

An NFT Sold for $69 Million, Blasting Crypto Art Records

‘Dude, Get Back to Your Desk’: The Week That Roiled Bond Markets

Nothing the Stock Market Does Ever Scares Its Retail Daredevils

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More than 150 years after the end of slavery in the U.S., the net worth of a typical white family is nearly six times greater than that of the average Black family. Season 3 of The Pay Check digs into into how we got to where we are today and what can be done to narrow the yawning racial wealth gap in the U.S.

Jackie Simmons and Rebecca Greenfield co-host the season, which kicks off with a personal story about land Jackie's family acquired some time after slavery that they're on the verge of losing. From there the series explores all the ways the wealth gaps manifests and the radical solutions, like affirmative action, quotas, and reparations, that can potentially lead to greater equality.

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The flattening of the Covid case curve and the re-opening of economies around the world is causing big ripples in the stock market, with investors selling off the Internet-based companies that led the market higher during lockdown. Susan Schmidt, head of U.S. equities at Aviva Investors in Chicago, discusses this and other hot topics for investors, including the recent jump in interest rates.

Mentioned in this podcast:

Stock Market Momentum Comeuppance Gets No Sympathy From the Fed

Cathie Wood’s ARKK Struggles in Early Trading After 20% Retreat

The tragic life and death of a ‘National Lampoon’ legend

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The surge in Treasury yields this week caught a lot of investors off-guard, triggering a bout of volatility in the stock market. Amanda Agati, chief investment strategist for PNC Financial Services Group, shares how government spending packages are affecting interest rates. She also discusses how she looks at alternative high-frequency economic data and why she’s bullish on emerging markets.

Mentioned in this podcast:

In a Flash, U.S. Yields Hit 1.6%, Wreaking Havoc in Markets

GameStop’s Reddit-Driven Roller-Coaster Rages On as Volume Soars

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Marko Papic, partner and chief strategist at hedge-fund seeder Clocktower Group, discusses how the current economic and market cycle will be vastly different than the tepid recovery from the global financial crisis. He jokingly uses slogans from Reddit’s WallStreetBets forum to describe the risk-taking posture he believes investors will maintain amid a period of fiscal largesse: “All I know is that for the next two years, it’s like diamond hands and to the moon.”

Mentioned in this podcast:

The Bubble's Final Paroxysm May Be Months Away

Get Ready for the Great U.S. Inflation Mirage of 2021

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The dislocations in markets last year created a fleeting opportunity to buy stocks that pay big dividends on the cheap. Sorting through which companies had the wherewithal to weather the pandemic and keep the payments flowing was not an easy feat, however, given the unprecedented economic shutdown and uncertainty about how long the virus would affect various types of businesses.

Joining this week’s podcast to discuss his process for evaluating dividends – in normal times and crazy times – is Chris D’Agnes, a portfolio manager at Hamlin Capital Management, an income-focused investment advisory firm that oversees about $4.8 billion in separately managed accounts and an equity mutual fund. 

Mentioned in this podcast:

Tilray Plunges Most on Record as Cannabis Stocks Tumble

Dogecoin’s Creator Is Baffled by Meteoric Rise to $9 Billion

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Like a lot of parents these days, Cameron Crise is dealing with a teenager at home who wants to get into day-trading and reap the type of the windfalls boasted about by the WallStreetBets crowd.

Crise, a former hedge-fund trader and now a strategist at Bloomberg who writes the “Macro Man” column, had a novel way of handling the situation. Inspired by the classic movie “Trading Places,” he proposed a $1 bet on where GameStop shares were headed and another wager that his son Patrick could not double his money in three days with some Reddit-inspired paper trading that didn’t actually put any of the son’s – or more importantly, father’s -- money at risk in the market.

Who won this battle of Macro Man vs. YOLO Boy? Tune in to find out!

Mentioned in this podcast:

Meme Stocks Lose $167 Billion as Reddit Crowd Preaches Defiance

Reddit’s Market ‘Hype Machine’ Is in a Quest to Drive Out Bots

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