Daily Briefing – June 24, 2020

Published on
June 24th, 2020
Duration
36 minutes


Daily Briefing – June 24, 2020

Daily Briefing ·
Featuring Nick Correa, Ash Bennington, and Roger Hirst

Published on: June 24th, 2020 • Duration: 36 minutes

Senior editor Ash Bennington joins managing editor Roger Hirst to analyze the anatomy of bubbles, propelled by emotional mania, and how that is relevant to today's markets. Bennington and Hirst discuss how equity markets appear to be inflated by flows rather than grounded in fundamentals and why the Fed’s balance sheet is the key driver of all of the recent price action. They also explain why time horizons are a critical piece to how traders should form their thesis and shapes the way they look at the market as well. In the intro, Nick Correa shares the IMF's latest update on its global GDP projections, what's happening in CDS markets, and the cost of business operations during coronavirus.