Daily Briefing – November 13, 2020

Published on
November 13th, 2020
46 minutes

Daily Briefing – November 13, 2020

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Raoul Pal

Published on: November 13th, 2020 • Duration: 46 minutes

Real Vision CEO, Raoul Pal, and senior editor, Ash Bennington, discuss the growing shutdown measures in the U.S. even as the S&P 500 makes all-time highs. Looking at declining mobility data, Pal explores how the prospect of a full lockdown in the U.S will depress economic activity as well as perhaps markets. He and Ash then discuss default risk and the stock sales of Pfizer’s CEO before zooming out into macro issues such as how stagnant money velocity affects retirees and how rise in the monetary base could buoy precious metals and bitcoin. In the intro, Jack Farley reviews price action, evaluates the distress of cruise liners, and the looming expiration of the Fed’s emergency lending programs.