Published on: January 4th, 2021 • Duration: 35 minutes
Mike Green kicks off the Real Vision Daily Briefing in 2021 with Real Vision’s Max Wiethe. Although markets sold off and volatility rose sharply, Mike was not particularly surprised by today’s price action and attributes today’s selloff to market participants who waited until 2021 to take profits rather than the runoff risks that many attributed to this. He also makes the case for markets building towards a substantial correction at some point in 2021 and gives his outlook for the Georgia runoff and other important events on the horizon. In the intro, Real Vision’s Haley Draznin looks at the markets on the first trading day of the year as the VIX surges, Bitcoin ascends to new record highs, stocks react to a grim pandemic outlook.