Daily Briefing – July 15, 2020

Published on
July 15th, 2020
29 minutes

Daily Briefing – July 15, 2020

Daily Briefing ·
Featuring Peter Cooper, Ash Bennington, and Roger Hirst

Published on: July 15th, 2020 • Duration: 29 minutes

Senior editor Ash Bennington joins managing editor Roger Hirst to discuss the latest developments in markets and macro. Bennington and Hirst consider the divergence of large-cap stock indexes and small-cap stock indexes, the DXY falling with the dollar weakening, and how the momentum of US equity markets is slowing due to Fed balance sheet tightening. They also dive into banking and explain why the recent earnings reports for some of the US’s large banks reveal the bifurcation of the real economy and financial markets. In the intro, Peter Cooper talks about Goldman Sachs’ 2020 Q2 earnings and explains why it exceeded expectations by a wide margin.