Fed “Taking The Punch Bowl Away” Triggers Market Sell-Off | Jurrien Timmer

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Crypto: Blockworks
June 15, 2022

On today’s episode of “On the Margin,” Director of Global Macro at Fidelity Jurrien Timmer joins the show. As markets were in turmoil on Monday after a surging 8.6% inflation print on Friday, Jurrien joined the show to discuss all the macro forces driving markets. With bond yields spiking, equity markets selling off, crypto getting crushed, credit showing signs of stress and investors fleeing for the exit bidding the U.S Dollar higher, it's clear the "Fed taking away the punch bowl" caught investors out as liquidity dried up and correlations went to one.

Jurrien goes on to discuss projected earnings, inflation expectations, the breakdown of a 60/40 portfolio during financial repression and the commodity supercycle thesis. Will the Fed be able to thread the needle? Looking back at periods throughout history, Jurrien helps answer that question, but to hear that, you'll have to tune in!
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Referenced In The Show:

US Home-Price Appreciation Accelerates for Fourth Month: https://www.bloomberg.com/news/articles/2022-05-31/us-home-price-appreci...

The Four Stages of an Economic Slowdown: https://www.youtube.com/watch?v=LuB2RcrXFHE

Grant Williams Reveals the End Game for Central Bank Money Printing: https://www.youtube.com/watch?v=hs4z8eU1qvI

Sohn 2022 | John Collison in conversation with Stanley Druckenmiller: https://www.youtube.com/watch?v=-7sWLIybWnQ
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Fireblocks is an enterprise-grade platform delivering a secure infrastructure for moving, storing, and issuing digital assets. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage & transit. For more information, please visit https://onthemargin.link/fireblocks
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Timestamps:
00:00・Introduction
01:06・Market Turmoil
03:24・Rising Cost Of Capital
10:37・Are We Heading For An Earnings Recession?
16:12・The Fed's Goal Is Demand Destruction
21:56・Inflation Expectations, The Fed Put & Rising Real Estate
30:35・Fireblocks Ad
31:54・Historical Stocks/Bonds Correlation
41:11・Unwinding Of The 60/40 During Financial Repression
45:51・The Commodity Supercycle

Listen to this episode on Apple or Spotify.
Apple: https://tinyurl.com/mry8y4k3
Spotify: https://tinyurl.com/3vnnkrkw
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Disclaimer: Nothing discussed on On The Margin should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

The views or opinions expressed in the broadcasts are solely those of the individuals involved and do not necessarily represent those of INK Research and Canadian Insider.