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EssentialDaily Briefing

Daily Briefing - November 5, 2020

Featuring Haley Draznin, Ed Harrison, and Jay Pelosky

Nov 05, 2020 • 44 minutes

209

41

Essential

Daily Briefing

Daily Briefing - November 5, 2020

Jay Pelosky provides an update on his current outlook amid a turbulent election and uncertain future with stimulus and COVID-19.

Featuring Haley Draznin, Ed Harrison, and Jay Pelosky

Nov 05, 2020 • 44 minutes

Managing editor, Ed Harrison, is joined by Jay Pelosky, co-founder and CIO of TPW Investment Management, to provide an update on his current outlook amid a turbulent election and uncertain future with stimulus and COVID-19. Pelosky argues that markets are getting closer to end of this period of peak uncertainty around these variables and that deep cyclicals like airlines and oil will rally sharply higher. Pelosky also explains that as the election race comes to a close, markets have been oversold in the past week and are becoming more comfortable with the idea of a split government as investors gain clarity. He digs further into the question of stimulus - a matter of “when,” not “if” - and contends that a vaccine may roll out sooner than stimulus, which would cause the markets to react aggressively, raise rates, and could set up a rotation trade out of tech and into cyclicals. Finally, he also discusses asset allocation and his thesis of a tripolar world. In the intro, Real Vision's Haley Draznin looks at markets rallying as the U.S. presidential election outcome is still uncertain and analyzes the K-shaped recovery that continues to form as the job market remains high. Show More

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

Real Vision's Daily Briefing provides a macro context for the day's market action, Monday through Friday, live at 4:00 p.m. ET. Our hosts talk with traders, quants, investors, and analysts with skin in the game. These experts include Tony Greer, Katie Stockton, Jim Bianco, Jared Dillian, Thomas Thornton, and our own Raoul Pal. In just 30 minutes, you'll get the world's smartest analysis of global markets and the important macro trends driving them.

More Episodes

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