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A Lookback at Q1: Why Housing and Bitcoin are a Way Forward [VIDEO]

Jordi Visser

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Since Jordi's last video titled, Investors are Adapting to a World of Higher Bond Vol,” we have seen a big move off the lows in the last couple of weeks, yet market sentiment has not shifted from the bearish headlines and talks of a recession. Based on the data Jordi shares in this discussion, the narrative of the market does not seem to correspond with the wisdom of the market.

 

Jordi highlights that he believes investors are having a hard time adjusting to the new environment of higher nominal GDP and lower rates. He then comments on how he believes those factors will impact assets going forward.

Jordi analyzes Q1-22 in the context of other market dips to attempt to placate investor fears of a further selloff. Most notably, Jordi looks at various economic indicators, including the labor market, which suggests that fears of a recession are overblown. In other words, Jordi posits that there has to be a deterioration in the job market for a recession to be taking place, and there are simply no signs of that at the moment, whether looking at job openings, unemployment rates, or job shortages. Jordi also spends time delving into housing market data as another key indicator that the economy is on a strong footing.

About these videos:

Our market videos seek to provide a data-focused interpretation of the market's most critical developments. Real-Time with Jordi Visser is a recurring series produced by our President and CIO based on his macro views. The purpose of his series is to isolate macroeconomic indicators (“green marbles”) that are telling the true story of the market, rather than relying on the narratives or stories often portrayed as news. Jordi is a unique thinker and tends to publish these videos during market dislocations/regime shifts when he sees areas where his views differ from consensus sentiment.