FTX Crypto Debacle | Yield Curve Inversion | Enough with Recession Talk

Jay Pestrichelli, CEO of ZEGA Financial, is back with Derek this week where they talk FTX bankruptcy and whether it means the end for crypto? Then they discuss the 3-month treasury bond yield inverting with the 10-year treasury bond. Yes, every time that has happened there have been recessions, so what about this time? Earnings continue to be the thing to watch. A quick game of who is right after the Atlanta Fed GDP Nowcast is showing 4.3% growth compared to a measly 0.5% current estimate for Q4 GDP. Finally, some recommendations.

FTX Bankruptcy

Whether crypto has any use case

One bad actor doesn’t make the whole space

Who’s right, the Atlanta Fed GDP Nowcast or the street consensus on Q4 GDP?

3-Month US Treasury inversion with the 10-Year Treasury Yield

Does a recession always happen after this inversion?

Examining typical un-inversion prior to recessions

Discussing whether we had inversion prior to 2020 recession

Q3 earnings are mostly done so what does that mean for stocks?

Nominal vs real (after inflation) retail sales numbers

Mentioned in this Episode:

Capitulation: What does it look like for market bottoms podcast https://podcasts.apple.com/us/podcast/capitulation-markets-tend-to-lead-the-economy/id1432836154?i=1000585228050

Derek Moore’s book Broken Pie Chart https://www.amazon.com/Broken-Pie-Chart-Investment-Portfolio/dp/1787435547/ref=sr_1_1?keywords=broken+pie+chart&qid=1558722226&s=books&sr=1-1-catcorr

Jay Pestrichelli’s book Buy and Hedge https://www.amazon.com/Buy-Hedge-Iron-Rules-Investing/dp/1087941849/ref=nav_signin?_encoding=UTF8&qid=&sr=&asin=1087941849&revisionId=&format=4&depth=1

Contact Derek [email protected]