Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Single best idea to start a week after that, Huge Jobs,
Speaker 2: Michael McKee making very clear the revisions. Yeah, they're out there,
Speaker 2: but they're modeled in, and he really wonders if the
Speaker 2: revisions will move the market. It's assumed the job's numbers
Speaker 2: will come down lower looking back a year, back, two years,
Speaker 2: but McKee did not and Mike McKee did not play
Speaker 2: that up as a big idea given all the other distractions.
Speaker 2: What a joy to have David Gerr with me today
Speaker 2: to talk about the festivities in Washington towards the inauguration
Speaker 2: one week away, and just a really really interesting show
Speaker 2: with Dollar Ascendant. I think that was an important theme
Speaker 2: as well. Mark Sandy joined and I thought Mark Sandy
Speaker 2: was really really quite something. He's out on Twitter with
Speaker 2: a really intelligent feed. Whether you agree or disagree with
Speaker 2: doctor Sandy, and he may clear he's looking at higher
Speaker 2: yields as affecting equities. Let's listen.
Speaker 3: You know, I think as long term interest rates push up,
Speaker 3: that puts pressure on multiples, particularly for previously high flying
Speaker 3: or currently high flying stocks, technology stocks that are valued
Speaker 3: based on earning's way out into the future. So is
Speaker 3: long term rates rise that puts pressure on multiples and
Speaker 3: puts pressure on the equity market. So yeah, I think
Speaker 3: they're very closely linked.
Speaker 2: Tom Mark Sandy, I really can't say enough about sorting
Speaker 2: out on Twitter. The value adds Sometimes you don't agree
Speaker 2: with him or the disagree, but the value add of informing.
Speaker 2: Jason Furman up at Harvard I think has just been
Speaker 2: extraordinary with providing single tweets and threads that provide perspective,
Speaker 2: and of course I put doctor Sandy in there as well,
Speaker 2: always adding to this debate of economics, finance, investment, and
Speaker 2: international relations. I've been remiss. I've got to get this
Speaker 2: out at Bloomberg opinion piece on fire Admiral Stravetus the
Speaker 2: course of NATO. Admiral Stravitus on Greenland. It's a wonderful piece,
Speaker 2: really informative. He served time there when he was with NATO.
Speaker 2: He was working for the US Navy in Greenland as well.
Speaker 2: On single best idea today, well, we had to bitcoin
Speaker 2: one hundred thousand whatever. I've got a buy order in.
Speaker 2: It's a stop limit by order one hundred and ten thousand.
Speaker 2: I'm waiting. I'm waiting, I'm waiting, haven't got there yet,
Speaker 2: and we've pulled back, and when Eric Belchunis is with
Speaker 2: us on ETFs, of course owns a high ground worldwide
Speaker 2: on ETF analysis, the tension out there of bitcoin a
Speaker 2: little bit lower. What's it mean for those Bitcoin ETFs?
Speaker 2: I got one final question, then, is bitcoin the crazy stuff?
Speaker 1: I maybe, yeah, it's hot sauce. I would say a
Speaker 1: double leverage micro strategy is more crazy because micro strategy
Speaker 1: is double x bitcoin, and two x micro strategy makes
Speaker 1: that four x bitcoin. So mst X and MSTU to
Speaker 1: me are the maybe xivs to watch for the next
Speaker 1: sell off bitcoin itself. We've seen it. It can go
Speaker 1: down eighty percent. It comes back though, So that said,
Speaker 1: I think there's more ETF holders, stronger hands, more advisors
Speaker 1: that won't sell, so I don't know if it has
Speaker 1: that big of a sell off this time around.
Speaker 2: Eric Belchiunas on ETFs and of course on bitcoin as well.
Speaker 2: It is an eventful January already. Last week was exhausting
Speaker 2: in the sense of just mass newsflow. Craig Valier at
Speaker 2: AGF really emphasizes that through the weekend. This Monday was
Speaker 2: a huge news flow as well. Let me tell you
Speaker 2: what we're doing for twenty twenty five. We are figuring
Speaker 2: out how to emphasize what I call a bolt on podcast.
Speaker 2: Everybody's got podcasts now, Vet Bill's got a podcast out
Speaker 2: with Kenneal Fee as well, and they're all twenty minutes long.
Speaker 2: Like David Gurr is wonderful. The big take, Okay, you
Speaker 2: don't need another twenty minute podcast sometime, Keen, So single
Speaker 2: best idea is a four to five six minute quick
Speaker 2: two thoughts just to keep the brain going. And we
Speaker 2: can do that with all the wonderful guests that we
Speaker 2: have out there on a commute across the nation, including
Speaker 2: the reports of Rob Carolyn on the LA fires and
Speaker 2: on YouTube podcasts. This is single best idea