Daily Briefing – June 29, 2020

Published on
June 29th, 2020
Duration
39 minutes


Daily Briefing – June 29, 2020

Daily Briefing ·
Featuring Max Wiethe and Ed Harrison

Published on: June 29th, 2020 • Duration: 39 minutes

Editor Max Wiethe joins managing editor Ed Harrison to discuss the latest developments in markets, macro, and coronavirus. Max and Ed examine how the US is currently dealing with the virus and whether that means the nation is par for the course or has "gone off the reservation" as compared to other countries. They also talk about the risk factors that could put a highly volatile market over the edge, consider the longevity of US outperformance, and explore the current market rotation. They wrap up their discussion by sharing their thoughts on the latest video on Real Vision Essential and announce a special edition of the Daily Briefing on Friday as the U.S. observes Independence Day.

Comments

Transcript

  • es
    elizabeth s.
    30 June 2020 @ 02:39
    Max is good. It's good to have a different perspective on questions. Keeps it fresh. Ed is working harder today :-)
    • AP
      Alfonso P.
      1 July 2020 @ 03:35
      Much harder, dealing with young intelligent person is a challenge
  • NC
    Nick C.
    30 June 2020 @ 04:44
    How do we get to the crypto gathering if we are already subscribers? Only way I see is buying a ticket and I thought you all said it was free for members
    • RM
      Ron M.
      30 June 2020 @ 04:58
      That's what I thought was marketed as well. Went to log in and apparently it's only for Plus members.
    • PC
      Pierre C.
      30 June 2020 @ 09:36
      Raoul Pal explicitly said that in last week's daily briefing he was in...
    • AP
      Alfonso P.
      1 July 2020 @ 03:30
      pro members, not just members
  • SS
    Steve S.
    29 June 2020 @ 23:09
    The RVDB was great and Max was doing a great job until Ed put him on the spot and he had to defend why he booked those two risk managers in an interview today. I didn't like that. It was cringeworthy and I felt sorry for Max. I genuinely felt horrible. It was like a headmaster interrogating his pupil. Also its not what RVDB is about. Very upset about this and I hope it never happens again, especially when the briefing was going so well up to that point.
    • MW
      Max W. | Real Vision
      29 June 2020 @ 23:11
      It was planned. I guess that’s just my face
    • SS
      Steve S.
      29 June 2020 @ 23:17
      Well if it was planned, I take back what I said. I felt sorry for you. You defended yourself passionately and that was great to see. I still didn't like it though. I genuinely felt awful at the time and Ed is such a nice guy so I was taken aback. I knew Ed was a nice and humble guy and he'll be glad to know that I just called Santa and Ed is still on his good list so he should still get his Xmas gift this year.
    • MW
      Max W. | Real Vision
      29 June 2020 @ 23:23
      I actually asked for that to be part. As someone who has been watching RV content for a long time it is frustrating watching the high level stuff that I thought made RV special get beaten out by bear porn and bias confirming Fed commentary with no chance of helping you make any money. And before anyone jumps on me for my own biases re the Fed, at points in my life I’ve been as big a Fed basher as anyone.
    • MD
      Matt D.
      29 June 2020 @ 23:49
      Hi Steve - for what it's worth, it didn't come across like that to me. Enjoyed Max and Ed - thanks lads.
    • DS
      David S.
      30 June 2020 @ 16:31
      The risk managers interview is a meaningful addition to RVTV. Please continue to give many levels of content. DLS
    • mL
      miya L.
      30 June 2020 @ 22:58
      I thought it was quite clear that Max wanted to talk about the risk managers and yep it sounded interesting, I think I'll watch that one next.
  • TZ
    Tibor Z.
    30 June 2020 @ 20:00
    I would recommend to everyone to take a look at the market cap\earnings chart. Tells more than a 1000 words!
  • CW
    Claude W.
    30 June 2020 @ 00:46
    "Off the reservation" not exactly the nicest phrase to be tossing around so much.
    • MW
      Max W. | Real Vision
      30 June 2020 @ 00:58
      You’re right, I should watch it. It can be hard to remove some of these phrase from our lexicon but worth the effort considering the myriad of alternatives.
    • BR
      Benjamin R.
      30 June 2020 @ 03:50
      There's nothing wrong with saying "off the reservation". Thought police should keep their comments to themselves. Well done Max.
    • JV
      Jonny V.
      30 June 2020 @ 07:40
      Great job as always Max! But I alao agree that the phrase "off the reservation" nowadays is pretty "off the reservation". As Max say there are many alternatives, not relating to genocide.
    • LK
      Lauri K.
      30 June 2020 @ 16:20
      The way you say it is much more important than the words by themselves. This kind of criticism seems very tone deaf and should be ignored.
  • JV
    Jan V.
    30 June 2020 @ 14:54
    Lender of last resort used to mean that the FED provided liquidity at a high penalty rate (10% intrest). This in order to prevent support for insolvent companies. There's a clear difference now imo. Furthermore, it doesn't seem unlikely that the FED eventually forgives the corporate debt they bought.
  • IP
    IDA P.
    30 June 2020 @ 07:30
    The analyst who nailed it most of all is Michael Howell, he looks at liquidity and he has been right. I'd be willing to pay an extra to have him on as a regular monthly guest
  • CT
    Chris T.
    30 June 2020 @ 07:30
    Given the market is driven by Covid.. could we please get some scientists on to provide insight and knowledge to the members based on data they have analysed? eg Prof Michael Levitt the Noble prize winner would be great value (economy literate) or John Ioandis from Standford https://www.youtube.com/watch?v=vi4j1I_ix_c
  • JM
    John M.
    30 June 2020 @ 05:49
    You guys are always so worried and so bearish, yet equity markets are close to all time highs. Why is that?
    • wj
      wiktor j.
      30 June 2020 @ 06:30
      Remember stock is the reflection of central banks /gov helicopter money. Has nothing to do with the economy. I can see central banks buying stocks of hard hit companies where they bought the debt in EU. Everything to keep the zombie companies alive.
  • IP
    IDA P.
    30 June 2020 @ 06:29
    question on the slow grind: seems like everytime that the market goes down 3% the FED announces that they will buy something else! seems like they are intervening before the market goes down or am I missing something?
  • JK
    Jens K.
    30 June 2020 @ 06:16
    Ed, no contact tracing in Sweden. The infection is so widespread so they see no point in tracing.
  • RA
    Robert A.
    30 June 2020 @ 06:02
    Really enjoyed the input from Max today! Great work
  • FR
    Fabian R.
    30 June 2020 @ 05:59
    Great job guys. Good to have different perspectives. Good to have a Crypto perspective in the daily briefing, at least once a week . [ Ed you will be star on this topic!!!] Max great energy
  • TM
    Trent M.
    30 June 2020 @ 03:47
    The orchid is nice!
  • VS
    Ville S.
    30 June 2020 @ 03:40
    Nice one...
  • JH
    Jacqueline H.
    29 June 2020 @ 22:59
    I am not receiving emails from Real Vision. I've checked and my email address is correct, and nothing has gone to spam. Will you please check into this for me? Thanks in advance.
    • DD
      Donal D.
      30 June 2020 @ 03:25
      Jacqueline, I'm in the same position and I have written to RV about this and am yet to receive a reply. I'm worried that in the current markets Raoul or Julian send out a flash trade that I dont get to see and hence miss the opportunity Donal.
  • NJ
    Nimitt J.
    30 June 2020 @ 03:21
    Todays video was very insightful.
  • RA
    Robert A.
    30 June 2020 @ 02:43
    Great job Max and thanks Ed for teeing up a couple for Max—one softball and one a little “chin music” (maybe Billy Ray can explain a good ole “brush back” pitch to you Euro Footballers). Seriously, Max that was a great “curation” behind the scenes talk you gave us on the difference between RV “process” videos and sometimes more popular action trade videos and their tier placement thereof. Very candid and honest response to a tough question—kudos Max. I think you are a great RV asset and we RV’ers are very fortunate to have you involved. Can’t end without saying how much I’m enjoying the Crypto Gathering,
  • CS
    Christopher S.
    30 June 2020 @ 02:36
    I was hoping that you would bring Charlie "don't be caught short gamma in August" McElligott back soon. I learned a lot studying Ed Harrison's last interview with Charlie McElligott last year.
  • SE
    Seth E.
    30 June 2020 @ 01:53
    Nice briefing. I didn’t know what to expect with the fresh face, but I enjoyed your perspective and enthusiasm Max. Good stuff!
  • SS
    Sheldon S.
    30 June 2020 @ 01:45
    For those who don't like, "Off the reservation." Walk out into the lake till your hat floats! Good Job Max Sheldon
  • DH
    Daniel H.
    30 June 2020 @ 01:36
    Lacy Hunt's views have been easily actionable -- buy long dated treasuries, or TLT. Max does not understand Lacy's job if he says that.
  • JD
    James D.
    30 June 2020 @ 01:17
    Excellent Max - look forward to seeing more from you in the future.
  • CT
    Cherry T.
    30 June 2020 @ 01:11
    Great work Max.
  • RL
    Robert L.
    30 June 2020 @ 01:00
    Great work Max. Looking forward to seeing you work into the daily piece
  • HF
    Hector F.
    30 June 2020 @ 00:23
    Great work as always. For the AMA, I'm curious to learn how the editorial team works to develop the narratives/ themes that RV puts forward? Is it a consensus-driven debate (or) more of a thematic broad-stroke from RV leadership with room for individualistic POV/ contribution from each editorial team member?
  • NG
    Nicolas G.
    30 June 2020 @ 00:09
    Well done Max. I thought you took Ed’s question on the risk management piece really very well indeed. The piece itself was less useful to me but I think you were incredibly poised and compelling in your justification for it. I’ll rewatch it through the prism of your answer!
  • DH
    David H.
    29 June 2020 @ 22:52
    Thanks for the updates Max. Glad to understand the operation a bit better. I am one of these MBA Finance guys was taught EMT (and technical analysis was a waste). Today, I am so glad to finally be able to understand the finance world more robustly. This means you are teaching me things when you bring in Risk Managers and other topics not specifically germane to my situation.
    • JS
      John S.
      29 June 2020 @ 23:12
      I am also MBA Finance. It is shocking how ill prepared these courses leave us.
    • LS
      Lemony S.
      29 June 2020 @ 23:27
      Newsflash, if you have a high-ish IQ, universities teach you almost nothing at this point, apart from STEM ... you have hate as the other option. Choose that debt wisely.
  • DS
    David S.
    29 June 2020 @ 23:11
    Solid Daily Briefing. Thanks. The stock markets seems to be reflecting massive money flows by the Fed and others, whereas the economy will be struggling for years to come. The insolvencies will wake the stock market up before year end. DLS
  • CL
    Cameron L.
    29 June 2020 @ 23:02
    Great daily briefing! I thought Max did a great job as a host and you guys should have him serve in this role more often. Ed continues to be a fountain of insight and wisdom re. markets. Well done.