Daily Briefing – November 2, 2020

Published on
November 2nd, 2020
Duration
30 minutes


Daily Briefing – November 2, 2020

Daily Briefing ·
Featuring Jack Farley, Ash Bennington, and Thomas Thornton

Published on: November 2nd, 2020 • Duration: 30 minutes

Real Vision senior editor, Ash Bennington, welcomes Tommy Thornton, president of Hedge Fund Telemetry, to break down his framework for trading markets as the U.S. Presidential election rapidly approaches. Thornton looks at market sentiment and trader positioning, concluding that investors are net long this market, which limits upside potential, with extremely low short interest. Bennington and Thornton explore price action in European markets and look forward to vaccine news. Thornton then describes several trades he sees in cannabis and coffee, advising viewers on the value of holding dry powder as well as not getting sucked into narratives. In the intro, editor Jack Farley takes a look at Europe’s lockdowns, election odds, and price action in the credit markets.

Comments

Transcript

  • AT
    ALAN T.
    3 November 2020 @ 20:21
    excellent
  • JL
    Jonathan L.
    3 November 2020 @ 12:40
    Super
  • CC
    CCosta C.
    3 November 2020 @ 10:14
    Mr Thornton is a gentlemen now most of the time his equity and market prediction have been let's say " messy"
  • DS
    David S.
    3 November 2020 @ 10:01
    Sorry. When you dance with the Devil he calls the tune. DLS
  • DS
    David S.
    3 November 2020 @ 00:18
    I believe President Trump said he will contest the election results unless Republicans win all the close races. He believes the Supreme Court owes him and has his back. DLS
    • DS
      David S.
      3 November 2020 @ 09:59
      I guess two people do not trust what Trump says. DLS
  • RB
    Richard B.
    3 November 2020 @ 00:29
    Ash your biostatistics competency is weak. Don’t be so certain about concepts and implications of data that you clearly do not understand. That said, great job! As usual.
    • AB
      Ash B. | Real Vision
      3 November 2020 @ 00:34
      I'm not certain of anything! It would be very interesting, however, to bring in a biostatistician. Any recommendations?
    • AB
      Ash B. | Real Vision
      3 November 2020 @ 02:04
      I’m not being purely facetious about this. The Covid crisis unfolds – as all crises must — in real time. Medical professionals and policymakers must make decisions with incomplete information. The stakes could not be higher — yet we are seeing an astonishing heterogeneity of policy responses across countries and even states. It will take years to sort through the data — while decisions need to be made now. It’s a terrible bind.
    • CT
      Chris T.
      3 November 2020 @ 08:56
      @Ash - Carl Heneghan, Oxford professor of evidence based medicine who co-authored below book.. "This concise book will help you to interpret the statistical evidence provided by quantitative studies and to plan how to work with data in your own clinical research." https://www.amazon.co.uk/Statistics-Toolkit-EBMT-EBM-Rafael-Perera/dp/1405161426
    • DS
      David S.
      3 November 2020 @ 09:57
      Christmas T. - It is way to early to know what is going on. Even five years from now I will trust COVID information from Taiwan, Hong Kong and other Asian nations long before the agenda based data from the US and Europe. DLS
  • SB
    Stewart B.
    3 November 2020 @ 09:57
    On cannabis, it may be an error to think that legalisation will mean all these cannabis companies become highly profitable. There is no patent on cannabis obviously. There is no reason it can't and won't be priced just like Asprin. You may be able to buy a dose of cannabis for cents.
  • NE
    Nathan E.
    3 November 2020 @ 09:05
    I like this guy. Very calm, thoughtful and love when specific investing tips are a part of the dialogue:) I appreciate that he was trying to be diplomatic in discussing concerns about a potentially contested election, but IMO hoping cooler heads prevail when Trump is involved blows right by wishful thinking and straight into complete delusion. He will be doing everything in his power to fan flames of dissent and conflict - going into this catalyst event, that's the about the only thing we can be truly certain of.
  • JD
    James D.
    3 November 2020 @ 08:04
    Great RVDB - and what a gent Mr Thornton is.
  • PB
    PHILLIP B.
    3 November 2020 @ 05:09
    Fantastic. Clear. Level headed. Objective. Easy to understand. Rational. More of Mr. Thornton, please.
  • CB
    Clifford B.
    3 November 2020 @ 04:24
    Great interview. Level headed as always.
  • RM
    Robert M.
    3 November 2020 @ 03:33
    Tom, I am with you on watching Netflix on Tuesday night. May just wake up Wednesday morning and see what the numbers look like.
  • JL
    Jacob L.
    3 November 2020 @ 02:49
    I would like background play available for the phone app plz :)
  • RT
    Richard T.
    3 November 2020 @ 02:07
    This show gets funnier and funnier.
  • BB
    Bob B.
    3 November 2020 @ 01:47
    Biden's policy on changing capital gains tax from 20 to 40 could be huge impact for the large gains on FAANG. Are we seeing downside volatility and pressure on big gainers?Would 'smart money' bank the net gains and not wait to see what happens?
  • BB
    Bob B.
    3 November 2020 @ 01:47
    Biden's policy on changing capital gains tax from 20 to 40 could be huge impact for the large gains on FAANG. Are we seeing downside volatility and pressure on big gainers?Would 'smart money' bank the net gains and not wait to see what happens?
  • TN
    Tim N.
    3 November 2020 @ 01:32
    I don't know what's going to happen. This is primarily why I haven't bought anything in 5 months. My dry powder fund is looking super juicy. If I'm wrong, I miss the first few percent of the next bull market. That's a small price to pay for a good nights sleep :):)
  • BS
    Benjamin S.
    3 November 2020 @ 00:52
    Really enjoyed hearing Tommy Thornton's views. The best thing about RealVision is the endless stream of people with skin in the game. Thanks!
  • NL
    Nikola L.
    2 November 2020 @ 23:22
    no social distancing at Little Cayman. They can party on - all 36 (with Raoul's dog counted) of them.
    • JF
      Jack F. | Real Vision
      3 November 2020 @ 00:37
      😂
  • MR
    Michael R.
    3 November 2020 @ 00:01
    I am betting on the fact that any election outcome will be contested. Each side has 600 lawyers to deploy. This is gonna drag on for days or weeks, maybe longer. Markets are entering a huge risk cycle.
  • CO
    Craig O.
    2 November 2020 @ 23:54
    I appreciate Tommy's low vol commentary in the midst of so many sharp opinions.
  • CB
    Chris B.
    2 November 2020 @ 23:16
    Ash you are brilliant. I hope Raoul pays you well.