Daily Briefing – July 29, 2020

Published on
July 29th, 2020
Duration
34 minutes


Daily Briefing – July 29, 2020

Daily Briefing ·
Featuring Nick Correa, Ash Bennington, and Ed Harrison

Published on: July 29th, 2020 • Duration: 34 minutes

Managing editor, Ed Harrison, and senior editor, Ash Bennington, come together to discuss the Fed in light of the FOMC's announcement today. Ed and Ash drive home how the Fed, at this time, is the dominant agent in these markets and how investors' feelings regarding Fed action can interfere with one’s ability to make money. Because of the Fed’s mandate, Ed and Ash discuss why they are "the only game in town" and how it's led them to respond to the crisis with unprecedented force. They then consider the weight of the arguments concerning the dollar losing reserve currency status and examine the implications of the Fed's latest announcement. In the intro, Nick Correa covers what’s happening in gold markets and whether the rally is "overhyped" as well as Santander's and Barclays' earnings announcements.