Daily Briefing – October 1, 2020

Published on
October 1st, 2020
Duration
31 minutes


Daily Briefing – October 1, 2020

Daily Briefing ·
Featuring Haley Draznin, Ed Harrison, and Roger Hirst

Published on: October 1st, 2020 • Duration: 31 minutes

Managing editor, Ed Harrison, joins managing editor, Roger Hirst, to break down today's price action. Using Julian Brigden's Expert View from September 28th as a springboard, Roger discusses the pressures that central banks are under to create reflation in an environment of low productivity, low growth, and a weaker dollar when they have instead contributed to asset price inflation. Roger and Ed also analyze the rebound in equities by considering how US equities are carrying out a bullish narrative of recovery as compared to poorer equity performance outside of the US. Wrapping up their conversation, Roger also offers his thoughts on the NASDAQ futures short position as well as how pensions are being threatened now. Real Vision reporter Haley Draznin takes a look at the rise in SPACs as first blank-check ETF makes its trading debut today.

Comments

Transcript

  • FD
    Frank D.
    4 October 2020 @ 08:36
    Peter Cooper or Jack Farley's intros seem to be better prepared and include charts/analysis, Personally I prefer that approach compared Haley's just some random daily rush with lots of fillers ("you know"). Maybe a script could help to make it more structured and to reign in the fillers?
  • pt
    popejumpingjohnpaul t.
    3 October 2020 @ 15:33
    roger is sharp as fck.
  • BB
    Benjamin B.
    3 October 2020 @ 15:19
    Why is the most recent DB locked?
  • WF
    Will F.
    3 October 2020 @ 04:19
    Goverments are easy, keep your head down do what you can, make due with the rest.
  • MT
    Mark T.
    2 October 2020 @ 20:32
    When I first started my career, I was explaining something to my boss, and I would use the filler words, 'you know'. After a few times of doing this he said to me bluntly, "no, I don't know, that's what I pay you for". Some advice for Haley.
  • PC
    Peter C.
    2 October 2020 @ 12:48
    Roger, looking a tad rough around the edges.
    • AT
      ALAN T.
      2 October 2020 @ 19:42
      it's a good look
  • MS
    Mark S.
    2 October 2020 @ 18:10
    We still need RVDB to find the Roger / Ed of Asia. I am voting for Trinh from twitter @trinhnomics. @haley can you slow your pace a little. Great content all!
  • KB
    Kurt B.
    2 October 2020 @ 16:52
    Roger is very insightful. I believe Raoul said he hired him at Goldman. Raoul needs to indoctrinate him in the church of BTC. Roger’s PM thesis applies with equal force to digital assets.
  • JJ
    J J.
    2 October 2020 @ 12:32
    Hi, Regarding the SPAC ETF discussion, why haven't anyone done SPAC for Bitcoin ETF. Writing a blank check to buy bitcoins for the holding company. This would be a no-brainer :)
  • MB
    Maxime B.
    2 October 2020 @ 10:44
    I'm Belgian ( nobody is perfect); Roger is an extremely practical/rational analyst - congratulations to your brilliant/non-emo attitude. Must say heavily involved in the UK industry - Roger fortunately is not a typical insular/ state religion (which I hate); not a populist à la Boris X. I like the way Roger rationalizes the market & it's constraints. I'm definitively going to look at REFINITIV..Thank you Roger for your pristine presence and thanks to Real Vision to broadcast your skills
  • JM
    Jason M.
    2 October 2020 @ 01:25
    Only way for Europe to get to 2 percent inflation is the euro at 130? Not sure i understand that one 😕
    • RH
      Roger H. | Real Vision
      2 October 2020 @ 10:24
      Hi Jason - good spot! I meant to say "euro at 80"
  • DO
    DIOGO O.
    2 October 2020 @ 09:32
    Excellent, as always. Just a comment on Roger's ideias and parallel with currency moves on 2014. The main difference now, will be the USA current account deficit, which already started to move lower. That is the big change...as dollars will be flowing back to the world, and activating economic activity, pushing commodities prices higher...the other central banks will be less concerned about debasing their currencies relative to the USD. That is the core of Julian's argument...and it has historical parallel.
  • TN
    Tim N.
    2 October 2020 @ 08:09
    Zombie-fication of the economy seems to be a new normal... Hopefully it's only temporary until we get that sweet sweet creative destruction :):)
  • AB
    Alastair B.
    2 October 2020 @ 04:28
    Always a pleasure, Roger. Good argument on PMs - thanks.
  • NL
    Nikola L.
    2 October 2020 @ 00:01
    great stuff Roger. Thanks. This is where my head is and going to short S&P via ASX. Next market move will be driven by politics. Dems think they can hurt Trump by crashing the markets and will not agree to any stimulus by simply asking for too much stimulus. Dems view is Joe is ahead will stay ahead if market go down. So no deal but markets will be teased for another week until it becomes clear there will be no deal until elections. Just my view from distant Oz.
    • VR
      Vladimir R.
      2 October 2020 @ 03:39
      No one wants the market to crash. The Dems are offering meaningful stimulus bills that will put money in the pockets of Americans but the Republicans are refusing to consider these bills or offer bona fide alternatives. So, if the market crashes, they will shoulder the blame.
    • NI
      Nate I.
      2 October 2020 @ 04:28
      Dems & Reps put on a good show and they'll argue over minutiae, but both are the uni-party of the multinational corporations. The uni-party wants stocks up because that's how the elites (CEOs, billionaires, etc.) they represent get paid.
  • SS
    S S.
    1 October 2020 @ 22:56
    Roger is trolling us. Its obvious. Look at the hair he has for Refinitiv and then look at the hair he presents to us. Well played RogHAIR 😂
    • AB
      Alastair B.
      2 October 2020 @ 04:22
      Seems ruffling the hair up before you go on is the fashion in the UK now, just like having an overly long tie is catching on in the USA
  • PB
    Patrick B.
    1 October 2020 @ 23:11
    Any comments on BitMEX? Presume Raoul will discuss tomorrow then...
    • SN
      Stefan N.
      1 October 2020 @ 23:23
      Exactly!
    • RA
      Robert A.
      2 October 2020 @ 02:59
      Hope to get some guidance as not sure if this is a “buy” or a moment to step aside!
    • AB
      Alastair B.
      2 October 2020 @ 04:10
      Buy with someone else other than BitMEX
  • AD
    Anne-Marie D.
    1 October 2020 @ 22:39
    Roger looks like he just rolled out of bed. Again. 😂
    • RL
      Roo L.
      1 October 2020 @ 22:44
      Anne-Marie, you are being generous. I was going for something along the lines of a leaf blower incident during maintenance.
    • PB
      Patrick B.
      1 October 2020 @ 23:00
      He’s had trouble getting in to Truefitt & Hill given the lockdowns?
    • FL
      Francis L.
      2 October 2020 @ 02:04
      HIRST HAIR. DON'T CARE
  • PD
    Paul D.
    2 October 2020 @ 01:44
    Good chat today
  • BK
    Binyam K.
    2 October 2020 @ 01:18
    Great Discussion. Thanks Ed & Roger!
  • MG
    M G.
    1 October 2020 @ 23:05
    Great discussion Ed & Roger! Thank you.
  • RM
    Russell M.
    1 October 2020 @ 22:52
    Super analysis Ed and Roger! I like Haley but don't find her reporting as helpful as some of the other people how have done it. How about a segment with Lyn Alden Schwarzer?
    • PB
      Patrick B.
      1 October 2020 @ 22:57
      Not super-differentiated content...
  • SM
    Shawn M.
    1 October 2020 @ 22:26
    https://www.youtube.com/watch?v=2sCp9ZRhdYU