September’s CPI report revealed that, as energy and food prices climbed, consumer prices rose 0.4%, pushing the year-over-year inflation to an uncomfortably hot 5.4%. Yield curves flattened after the CPI released with shorter-dated yields rising and longer-dated yields falling. Tech stocks are advancing while banks and energy stocks are faltering, including JP Morgan ($JPM) despite their Q3 earnings topping analyst estimates. Darius Dale, founder and CEO of 42 Macro, joins to discuss the rapidly rising probability of realizing stagflation in Q4. Interviewed by Jack Farley. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3ADpJna
While many investors are bracing for a slowdown in growth that will drag down the reflation trade, Teddy Vallee, CIO and founder of Pervalle Global, couldn't disagree more. Swimming against the tide, he argues that the growth cycle is far from over, and he tells Marco Link's Christian Alexander how his fund’s unique macro proprietary indicators and models are showing a remarkably strong signal that bond yields will mount higher and that 2021 could end in tears for the deflationists. With his keen eye for market mispricing, Vallee explores key indicators that show why the market isn’t appreciating strong U.S. economic growth and outlines his alternative data findings on inflation and global consumer demand. They also discuss why Bitcoin is an inflation hedge and store of value. Filmed on September 29, 2021.
IMF Cuts Growth Forecast as Record Number of U.S. Workers Quit Their Jobs
Energy prices continue to jump higher, and global supply shortages continue to worsen just as the IMF now cuts their growth forecast to 5.9%, which is 0.1% lower than their July forecast and is rooted in growing inflationary concerns and the potential of tightening monetary policy. Tony Greer of TG Macro joins the Daily Briefing, diving into the energy sector and providing his outlook on oil and natural gas as well as increasing pressures on the economy from inflation to a fledgling recovery in labor markets. Interviewed by Ash Bennington. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3lzM54U