A Corporate Executive’s Market: Unprofitable IPOs and Dilutive Offerings

Published on
December 9th, 2020
Duration
34 minutes

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A Corporate Executive’s Market: Unprofitable IPOs and Dilutive Offerings

Daily Briefing ·
Featuring Max Wiethe and Ed Harrison

Published on: December 9th, 2020 • Duration: 34 minutes

Real Vision managing editor Ed Harrison joins editor Max Wiethe to put today’s market selloff in context of the broader bullish attitudes that have prevailed amid trouble in the real economy. They also highlight individual stories from the week like DoorDash's and Airbnb’s IPOs and Tesla’s successful $5 billion dilutive offering as examples of this market favoring corporate managers above all else. Beyond equity markets, Ed and Max touch on the steepening yield curve as another bullish signal and address the knock-on effects for real yields and gold as well as the conflicting signal being sent by a weak dollar.

Comments

Transcript

  • MS
    Mike S.
    10 December 2020 @ 19:38
    I think the Harrison—Wiethe RVDB makes for the greatest pairing. Well done both.
    • WT
      William T.
      13 December 2020 @ 00:07
      Yes, very impressed with both !
  • MF
    Michael F.
    10 December 2020 @ 17:44
    Sooner or later the regular folks out there are gonna discover that Doordash, Grubhub and all the ride sharing companies along with their "contractors" aren't paying the same taxes that they pay. When they do boy are they gonna be pissed! They are just parasites on the rest of us that pay the taxes that support the system.
  • MN
    MYLENE N.
    10 December 2020 @ 08:39
    We need more market junkie sessions please!!! (Always looking forward to Tony Greer, Tom Thornton and Dave Floyd days)
  • MD
    Matt D.
    10 December 2020 @ 04:03
    Great work Ed and Max. I really enjoyed today's DB. Max is always a bit of a darkhorse - knows stuff about stuff.
  • PB
    PHILLIP B.
    10 December 2020 @ 01:57
    "A lot of gold at the end of the rainbow" was an awesome pun, Ed. Appreciate it!
  • GS
    GEORGE S.
    10 December 2020 @ 01:48
    pull up the 10-2 over the spy and tell me stocks go higher when it spikes. Every time the 10-2 spikes stocks have crashed in 2000 and 2008
  • TC
    Tim C.
    10 December 2020 @ 01:11
    "dough dash"
  • NL
    Nikola L.
    10 December 2020 @ 00:57
    I can see the correlation between real rates and price of gold but what I don’t understand is how can people expect real rates to go more than 200 basis points without triggering mass defaults world over? The shear size of the global debt is scary. In Australia, for example, at least 50% of mortgage holders will not be able to service their home loans if Interest Rates jump 200 basis points. I doubt much of the corporate or sovereign debt is in any better shape. Any thoughts?