Daily Briefing – November 16, 2020

Published on
November 16th, 2020
Duration
29 minutes


Daily Briefing – November 16, 2020

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Ed Harrison

Published on: November 16th, 2020 • Duration: 29 minutes

Real Vision managing editor, Ed Harrison, and senior editor, Ash Bennington, discuss the all-time highs being set in the S&P 500 and the Dow Jones Industrial Average as the news of Moderna’s vaccine being 94.5% effective in preventing COVID-19 breathes life into U.S. equities. Ed evaluates the price action through his risk-on framework, exploring the possibility that record cash on the sidelines, held by central banks, households, as well as private equity firms, could further buoy markets. He and Ash then discuss how the increasing lockdowns across the U.S. will likely stymie growth, weighing how these opposing forces will impact markets going forward. In the intro, Jack Farley reviews price action in equity and volatility markets and shows a clip from Mike Green’s interview with Jim Chanos, the first interview in Real Vision's series “Paradigm Shift: Investment Ideas for a World in Flux.” To sign-up to Real Vision to watch these interviews, click here: https://www.realvision.com/paradigm-shift

Comments

Transcript

  • GS
    GEORGE S.
    17 November 2020 @ 07:51
    no disrespect, but your calls on stocks have been horrible. I just cant take anything u say about stocks seriously
    • LS
      L S.
      18 November 2020 @ 19:35
      What's your best example of a whiff?
  • JS
    John S.
    16 November 2020 @ 23:23
    But will the vaccine be safe?
    • CB
      Clifford B.
      17 November 2020 @ 00:02
      Safe is relative. Safer than the disease, yes. Safe from side effects.... who knows..
    • AB
      Allex B.
      17 November 2020 @ 00:33
      That's why they do three phases of clinical trials and wait for FDA approval, don't be an anti-vaxer!!
    • WT
      William T.
      17 November 2020 @ 00:57
      I read an article that said don't believe everything you read.
    • NI
      Nate I.
      17 November 2020 @ 05:29
      Look at the history of big pharma and decide for yourself. Fen-Phen DES Baycol Vioxx Bextra Rezulin Seldane PPA Posicor Shall I continue? There are a lot more.
    • LS
      L S.
      18 November 2020 @ 19:34
      As above, there is no need to take anything at a risk when 99.5% that confront the coronavirus (any of them) results in nothing serious. Suggesting that this should go to healthy people (by the way, just like influenza) is a total scam. I work in a hospital (am a physician) and the degree to which influenza vaccines had been corporatized and one size fits all is exactly the same scam. The funnier thing (don't cry) is that coronavirus vaccines have never been as good as influenza, and we know even less about them. This stuff is getting pretty obvious, people. They tell you what they want and a lot of you lemmings still just suck it up and obey.
  • MC
    Michael C.
    17 November 2020 @ 04:58
    Algos can't discern the truthfulness of a PR release nor the intricacies of vaccine testing, certification, manufacturing, and mass innoculation. All they recognize is "successful rate 94%" , then buy the market for issues impacted negatively by closures. Note PFE faded toward week's end and nearly reached down to it's preannouncement price level today. Until a vaccine is vetted by a govt agency or scientific journal, vaccine Mondays will be frequent, whipping markets around.
    • LS
      L S.
      18 November 2020 @ 19:31
      Yup, and the orchestrated response as well as vaccine stuff regarding the pandemic is also largely propaganda. Healthy people don't need a vaccine - and never have. More of the same.
  • DC
    Daniel C.
    17 November 2020 @ 05:57
    I don't know any conservative Republicans. I do know many centrist Republicans however. The conservative term I believe is antiquated and is now a misrepresentation. The Republican party needs to reboot their PR. Unemployment rate today (6.9%) is actually lower than the peak of the 2008-09 recession (9.5%). With the senate keeping corporate tax rates and CGT rates low and unchanged, we can expect a positive economy moving forward, now that vaccinations will roll out to main street 1H 2021.
    • DT
      David T.
      17 November 2020 @ 09:09
      Republic Party needs to go back and listen to R. Reagan and maybe they will get back to their core values.
    • LS
      L S.
      18 November 2020 @ 19:30
      Wondering what your perception of their "core values" is, David T
  • RJ
    Raoul J.
    17 November 2020 @ 04:46
    Daily brief is getting old man... not much value already
  • MR
    Michael R.
    17 November 2020 @ 00:09
    Need RealVision Crypto hats. :)
    • AB
      Ash B. | Real Vision
      17 November 2020 @ 04:02
      RV crypto merch would be awesome...
  • DL
    David L.
    17 November 2020 @ 00:07
    A wall of pent-up global liquidity sounds bullish, but is the market discounting covid-related bankruptcies?
    • RM
      Robert M.
      17 November 2020 @ 02:39
      Number of people stated Covid was just the stimulant that tips over an over indebted economy. Just waiting for the push. Feds have stalled this from happening with forbearances. I am wondering what 1 Qtr of 2021 looks like as we wait for vaccine distribution but forbearances possibly end. And you look at 20% of restaurants and day cares closing, 25% cutbacks in office space, etc, one wonders how this does not drag down the economy without heavy federal stimulus.
  • TC
    Timothy C.
    17 November 2020 @ 02:29
    I love the content. Small quibble in an effort to improve the content: Hysteresis is a lag between cause and effect, or to state it more simply, hysteresis is the dependence on a variable or system on its history and/or the history of effects that influence it. What your are more correctly talking about is hysteresis effects and how they are modeled and where a model might break down.
  • DT
    David T.
    17 November 2020 @ 01:32
    Flip-flopping again.
  • FR
    FLAVIO R.
    17 November 2020 @ 00:13
    dow 30.000 i believe and understand presidential race due process On without winner so far. it was planned.
  • JH
    Jacqueline H.
    16 November 2020 @ 23:41
    Will the Pfizer or Moderna vaccines be effective against the COVID-19 mink mutation???
    • SG
      Skyler G.
      16 November 2020 @ 23:50
      According to one article I read last week, Fauci said it shouldn't be a problem. Another article I read today says there's been some preliminary testing and its not a problem,. Of course the likelihood of it mutating again in the US is highly likely due to the lack of mitigation.
  • SS
    Sheldon S.
    16 November 2020 @ 23:47
    I haven't watched the Daily Briefing for two or three weeks . . . Have I missed anything???