What Goes Up

The selloff in high-flying technology stocks continued this week after a breathtaking rally over the previous five months. Is the bubbling bursting, or is this just a minor setback for the perennial darlings of the market? Seema Shah, chief strategist at Principal Global Investors in London, discusses this and other important issues for the stock market.

Mentioned in this podcast:

A Week Like This Was a Long Time Coming for Day-Trader Faithful

Options Traders Whipped Up Stock Boom With SoftBank Buying​​​​​​​

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The U.S. stock market’s melt-up seems to have ended in spectacular fashion this week, and now many on Wall Street are turning their attention to the election in November as a potential source of risk. Nela Richardson, senior investment strategist at Edward Jones, shares her take on this week’s market action and what to expect in November.

Mentioned in this podcast:

Low Rates Lead Investors to Look Beyond the Classic 60/40 Mix

Volatility Markets Brace for Election Drama Like Never Before

Mystery Solved: Days Like This Are What the VIX Warned About

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Politics has become one of the most-important drivers in markets and this year’s U.S. presidential election is shaping up to be the main focus of traders and investors in all asset classes. Naufal Sanaullah, chief macro strategist at hedge fund EIA All Weather Alpha Partners, discusses how he’s thinking about the market implications of the race.

Mentioned in this podcast:

Volatility Markets Brace for Election Drama Like Never Before

Notorious B.I.G.’s Plastic Crown May Fetch $300,000 at Sotheby’s

KFC Suspends `It’s Finger Lickin’ Good’ Slogan Amid Pandemic

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Campbell Harvey, finance professor at Duke University and a senior adviser at Research Affiliates, is well known for his research on the yield curve as a recession indicator. While no one could have possibly predicted the cause of this recession – a global pandemic – it’s still true that an inverted yield curve once again predicted an economic downturn. Harvey joins the latest episode of “What Goes Up” to discuss what the bond market is signaling now, along with his new paper on gold.

Mentioned in this podcast:

Gold, the Golden Constant, COVID-19, 'Massive Passives' and Déjà Vu

Fed Minutes Show FOMC Backs Away From September Guidance Shift

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Robert Hormats, who has worked in senior economic and trade policy roles under five different U.S. presidents and spent 25 years at Goldman Sachs Group Inc., believes the Covid-19 pandemic has forced the government to embark on what could be considered an involuntary experiment with Modern Monetary Theory.

Now a managing director at wealth-advisor Tiedemann Advisors, Hormats discusses MMT, the U.S.-China relationship, prospects for a coronavirus vaccine – and how investors should think about all of it.

Mentioned in this podcast:

A Beginner’s Guide to Modern Monetary Theory

Meet the Psychic That Big-Money Wall Street Traders Depend On

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At the benchmark level, equity levels by many measures look stretched. But Katie Koch, co-head of fundamental equity at Goldman Sachs Asset Management, says there’s plenty of areas within the stock market that offer good value for investors right now. She discusses which industries and companies she likes, including a couple that have been ravaged by the coronavirus like restaurants and retail.

Mentioned in this podcast:

How a Goldman Sachs Manager Is Preparing For a Post-Covid World

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Lee Ferridge, head of North America macro strategy for State Street Global Markets, has been bullish on gold since late 2018, when an attempt at quantitative tightening by the Federal Reserve sent markets into a tailspin. From that moment, he knew the central bank’s balance sheet would only grow larger, a boon for real assets like gold. Now, the precious metal is smashing records, beating both stocks and bonds in 2020.

Mentioned in this podcast:

Kodak Pivots to Drugs After Abandoning Photography, Crypto

At Center of ‘Erratic’ Market Moves Is a Raging Recovery Debate

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Rob Arnott, chairman and co-founder of Research Affiliates, has spent a lot of time studying market bubbles. He shares what he’s learned, and give his takeaways about the current environment for investors.

Mentioned in this podcast:

Rob Arnott Says It’s Insanely Stupid to Chase Market Bubbles

U.S. Stock Market Bull Run In Recession Makes Investors Anxious

Yes. It's a Bubble. So What?

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The killers of Berta Caceres had every reason to believe they’d get away with murder. More than 100 other environmental activists in Honduras had been killed in the previous five years, yet almost no one had been punished for the crimes. Bloomberg’s Blood River follows a four-year quest to find her killers – a twisting trail that leads into the country’s circles of power.

Blood River premieres on July 27.

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Based in Sydney, Australia, David Adams, the chief investment officer at Reminiscent Capital, picked up on funding market stress early on. That helped his firm’s Asia-focused macro strategy implement a multi-step trade that delivered a 16.5% return in the first quarter of 2020. He joins the latest “What Goes Up” podcast to discuss how it worked, and what markets are signaling now.

Mentioned in this podcast: 

Bad Breath Offers a Rare Payoff in Listerine-Royalty Stake Sale

Banksy's Covid-19 Warning

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