Host Mike Regan is joined each week by expert guests to discuss the main themes influencing global markets.
- `I Need a Solid Panic’Victoria Greene, founding partner and chief investment officer at Texas-based G Squared Private Wealth, joined the latest episode of “What Goes Up” to discuss the mood of clients and why she thinks the 2022 market selloff isn’t over yet. “Not to sound like a snob, but I need a solid panic,” she says. “We just haven’t seen that solid, absolute capitulation—everything selling off. We aren’t there yet.”
- One Word That Triggers PutinDaniel Yergin was at the St. Petersburg International Economic Forum in 2013 when he got a daunting request: Could he pose the first question from the audience to Vladimir Putin? “I started to ask a question, I mentioned the word ‘shale,’” he recalls, referring to a once-unconventional source of oil and natural gas that by then was flowing freely in the US “And he started shouting at me, saying shale’s barbaric.” Yergin, the vice chairman of S&P Global, discussed the incident on the latest episode of “What Goes Up,” along with other insights from his book “The New Map: Energy, Climate, and the Clash of Nations.” American shale oil and gas has had a much bigger impact on geopolitics than people recognize, Yergin said. Even in 2013, it posed a threat to Putin in two ways: “One, because it meant that US natural gas would compete with his natural gas in Europe, and that’s what we’re seeing today. And secondly, this would really augment America’s position in the world and give it a kind of flexibility it didn’t have when it was importing 60% of its oil.”
- Is Beyoncé Recession-Proof?As the Federal Reserve’s efforts to tame inflation roil both stocks and bonds, investors everywhere are struggling to figure out the best way to play defense in markets amid concerns that a recession is on the horizon. One of the top executives at Goldman Sachs Asset Management has a surprising idea: Beyoncé. Katie Koch, the chief investment officer for public equities at GSAM, quips that “Beyoncé is ultimately recession-resistant” and so are other popular artists. That’s why the portfolios she helps oversee own shares of live-concert companies in the U.S. and Europe. While Live Nation Entertainment Inc. got hit hard during last year’s Covid-19 lockdowns, she points out that the company actually weathered the previous recession well and managed to grow revenue in both 2008 and 2009. “So the consumer will spend in a recession,” she says, but “they'll be quite selective in terms what they spend on.” Another example is beauty products, she adds. And Koch doesn’t buy the notion that China is uninvestable: “You can buy assets here in the US as well as assets in China that are overly discounted for something that we know is eventually going to work out, which is that the economy will reopen” Koch joined this this week’s episode of the “What Goes Up” podcast to discuss the state of play in markets and why -- despite share prices that have crashed over the past year -- investing in innovative companies is still a good idea for the long term.
- A U.S. Soft Landing May Be More Likely Than It Seems (podcast)The U.S. Federal Reserve’s effort to tame inflation with aggressive interest-rate hikes has some investors worried that a recession is inevitable, leading to a plunge in stock prices this year. Not so fast, says Jeremy Zirin, senior portfolio manager and head of private client U.S. equities at UBS Asset Management. Zirin joined the latest episode of What Goes Up to discuss his outlook for markets and the economy, and why he thinks the probability of a soft landing and longer expansion is higher than many believe.
- Man Group’s van Dooijeweert: Hard to Make Sense of this MarketIt’s been difficult for even the most-seasoned veterans to discern a market message right now. Oil’s up one day and stocks fall. The next day, crude prices rise and so do stocks. Or bonds rally, and so do equities, and then the reverse happens just a few days later. Peter van Dooijeweert, managing director of multi-asset solutions at Man Group, joined this week's "What Goes Up" podcast to talk about that and the right asset classes to be in as the Federal Reserve continues its fight against inflation.