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! -- Follow Jurrien Timmer: https://twitter.com/TimmerFidelity Follow Mike: https://twitter.com/MikeIppolito_ Follow Blockworks: https://twitter.com/Blockworks_ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: US Home-Price Appreciation Accelerates for Fourth Month: https://www.bloomberg.com/news/articl... The Four Stages of an Economic Slowdown: https://www.youtube.com/watch?v=LuB2R... Grant Williams Reveals the End Game for Central Bank Money Printing: https://www.youtube.com/watch?v=hs4z8... Sohn 2022 | John Collison in conversation with Stanley Druckenmiller: https://www.youtube.com/watch?v=-7sWL... -- 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 -- 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 -- 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.
